Funding

FINANCIAL FORCE.COM,ENTERPRISE RESOURCE PLANNING VENDOR RAISES $110 MILLION

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What does Financial Force do?

 

Financial Force.com is a cloud based enterprise resource planning (ERP) vendor .It itself is an ancillary unit of the larger European enterprise resource-planning vendor Unit 4.

The company provides the companies with the necessary unified cloud platform and all the necessary applications. Though a subsidiary of Unit 4 the company has given financial force the necessary freedom to execute on its own.

Finacial force.com helps customers and businesses to operate under an increased speed and also allow them to be more responsive to customer’s anticipations. Built on the force.com platform it sells itself to customers as an ERP product for Salesforce customers.

 

How much Financial Force.com was funded?

 

Private equity of $110 million from venture capital firms Technology Crossover Ventures and Salesforce Ventures on the 26th March 2015.

 

Previous Funding:

Advent international funded a private equity of $50 million on the 24th April 2014.

Earlier funding for Financial Force.com included $14.5 million in Series B funding on the 10th October 2012 by Salesforce Ventures .

Series B funding on the 1st of February 2011 saw an undisclosed amount funded by Salesforce Ventures.

On November 24th 2010 saw $11.8 million funded by Salesforce Ventures in Series B funding.

In October 2009 Salesforce Ventures funded an undisclosed amount in Series A funding.

 

What is next for Financial Force.com?

 

Buoyed by the five rounds of funding from Salesforce ventures for around $110 million Financial Force.com hopes to enhance its R&D and hopes to become a major player in the ERP segment.

It also wants to take on ERP giants like the competitor NetSuite. It being already a fastest growing cloud based ERP provider, also hopes to be a leader in providing back office applications.

Financial force.com grew form 250 employees to 450 employees in two years and wants to expand more in the future.

 

More about Financial Force.com:

 

Founded in September 2009 and headquartered in SanFrancisco, California it hopes to increase its revenue run rate in the foreseeable future.

The CEO of the company Jeremy Roche says the company’s future is rosy and expects to scale up the cloud software business.

 

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