Phocas Software, a Sidney Australian-based global data analytics software company, has raised AU$45 million (US$34m) in the capital.
Ellerston Capital handled this round with an AU$35m (US 27m) equity investment, including participation from OneVentures, who also provided an additional 10 million AU (US 7m) cash financing. With the financing, Toni Korsanos, an Investment Director at Ellerston JAADE, joined the board of Phocas.
Australian phocas software au45m Ellerston capital
The cloud data analytics program is compatible with ERP systems for enterprises and different data sources. It also has more than 20 ERP partners, which include U.S. huge Epicor. The software allows employees across an organization to collect and analyze the important figures that are essential to their job.
The company is planning to utilize the money to boost its expansion across America and the United Kingdom, expand into new sectors and improve its primary products.
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Co-founded by Myles Glashier in 2001, who continues as the global CEO, Phocas is a cloud-based data analytics Software-as-a-Service (SaaS) company with operations in the US, Australia and the UK. The company employs 200 people and has over 1,900 customers in the mid-market, including Karcher, Burson Automotive, Repco Henry Schein, Thermo Fisher Scientific and Fiskars Royal Doulton in Australia. Litex Industries, American Metals Supply, Dixie Plywood and Equipment Controls Company in the U.S. And Ruroc, Bayliss and Harding, Savona, Midfix and Wessex Packaging in the UK.