Jedox Announces $100+ Million Investment to Boost Global Growth and Leadership in Enterprise Performance Management (EPM)
Jedox, the award-winning provider of Enterprise Performance Management solutions for Financial Planning and Analysis (FP&A) globally, announced today a $100+ million investment from global venture capital and private equity firm Insight Partners alongside existing investors Iris Capital, eCAPITAL, and Wecken & Cie. This majority investment by Insight Partners comes as Jedox experiences accelerating global adoption of its market-leading cloud solution for financial leaders.
The new round will enable Jedox to significantly accelerate customer growth and its global footprint while enhancing its robust platform for cross-departmental integrated business planning, reporting, and analysis. Specifically, the funding will be used to scale the Jedox product innovation team, increase investment in customer success, and continue to support clients across all major geographies.
In addition, 2021 marks the launch of Jedox’s vertical-specific solutions, leveraging Jedox’s vibrant partner ecosystem and strategic partnerships to expand its scope beyond the office of the CFO to become a truly cross-functional Extended Planning and Analytics (xP&A) platform touching every domain.
Jedox provides the most advanced cloud-based tools for budgeting, planning, and analysis through a familiar Microsoft Excel-based interface. Jedox’s enterprise-grade FP&A tools are purpose-built to accelerate time-to-value for finance leaders.
From transitioning existing financial processes to the cloud to leveraging AI and advanced analytics for more accurate, agile planning, Jedox helps leading companies streamline planning processes across all stages of growth. Jedox has over 2,500 customers globally, including Amazon, McDonald’s Schweiz, and ABB.