Visier closes USD45m in financing
Visier, provider of a people strategy platform, has closed USD45 million in Series D financing, led by Sorenson Capital with participation from existing investors Foundation Capital, Summit Partners and Adams Street Partners.
This round brings Visier's total funding to USD94.5 million.
Visier is credited with the innovation of applied business analytics – the next generation of business intelligence that answers business leaders' questions in real time, from the cloud, with no dependency on technical resources.
The new capital will help fuel the company's efforts to meet the ever growing demand for its people strategy platform, as well as to grow its international and partner ecosystems. More than 100 blue chip enterprises have selected Visier, including many Global 2000 and Fortune 500 leaders.
"Where others are struggling, Visier is thriving," says John Schwarz, Visier's CEO and founder. "We are experiencing a tidal wave of demand because, instead of focusing on data tools and data scientists, Visier has focused on business leaders and on their important and ever changing and probing questions.
"Contrary to prevailing opinion, analytics isn't about organising or accessing data. Achieving dramatically improved business results through analytics is about answering the right questions, which then shape the business tactics – this is what drives better business outcomes. Visier was founded to meet this need. And our customers are realising incredible results."