Concentra Analytics, a creator of Software as a Service (SaaS) data solutions used to visualise, model and track business operations, has completed a GBP41 million growth equity investment led by One Peak Partners, with participation from co-investors Morgan Stanley Expansion Capital, Joseph Schull, Connected Capital, as well as existing shareholder, City Securities.
Concentra says the investment will enable it to extend its international footprint and increase investment in its SaaS solutions, providing its clients with a real-time, data-driven ability to analyse and re-engineer their operations. Concentra’s flagship product, OrgVue, brings together organisational data held across different systems, making it possible for enterprises to understand, design and deliver more effective and efficient operating models.
Concentra’s senior management team, led by CEO Rupert Morrison, has steered the company through a period of rapid growth, which has seen it grow OrgVue revenue at a 112 per cent CAGR over the past four years. OrgVue has been adopted by many of the world’s leading enterprises, including more than 25 FTSE100 and S&P100 companies, as well as leading global management consultancies to generate tens of millions in operating efficiencies. Concentra employs 170 people globally, with offices in London, Philadelphia, The Hague and opening in Hong Kong.
Rupert Morrison, CEO and Founder of Concentra, says: “This is a significant milestone in Concentra’s history and the beginning of an exciting new era for the company. Enterprises across all industries are undergoing continuous transformation and are challenged to create more effective operating models and processes to deliver their strategic goals. The application of innovative technology to design, transform and operate the most effective organisation is at the heart of OrgVue’s mission. We are delighted to partner up with world class investors, whose support will add immeasurable value to our growth efforts.”
Humbert de Liedekerke, Managing Partner at One Peak Partners, says: “We have been impressed by Concentra’s outstanding technology platform, its talented and entrepreneurial management team and their focus on meeting the most stringent requirements of the world’s leading enterprises, as well as the company’s reputation among clients for deep domain expertise and outstanding customer service. Rupert Morrison and his team have built a highly differentiated software and services business with clear breakout potential in a dynamic and rapidly growing global market. Our investment will help Concentra to further consolidate OrgVue’s position as the global leader in strategic human capital software solutions.”
Robert Bassman, Managing Principal at Morgan Stanley Expansion Capital, says: “We are excited to partner with Concentra to support its continued growth and market expansion. We have been impressed by the capital efficiency in which the Company and its founding team has bootstrapped the business to date. The prospect of adding growth capital to pursue this large market opportunity is an exciting one.”
In conjunction with the closing of the investment, Joseph Schull, the former Head of Europe at Warburg Pincus, has joined the investor group alongside One Peak Partners and will become Chairman of the Board of Directors of Concentra.
