STAMFORD, Conn.--(BUSINESS WIRE)--Decisyon Inc., provider of the industry’s only unified, collaborative business intelligence (BI) and performance management platform, today announced it received $22 million in Series B funding from a group of investors led by growth equity firm Catalyst Investors. The growth capital will support Decisyon’s continued global expansion including the hiring of additional sales, marketing and delivery staff in the United States, rapidly growing sales and marketing activities in Europe, and the next stages of the company's product development.
“The additional capital and support from Catalyst Investors will accelerate our work to transform the BI industry and provide customer teams with powerful collaborative decision-making and execution capabilities,” said Ron Rose, CEO of Decisyon. “This funding is strong affirmation of Decisyon’s world-class ability to deliver value to its enterprise customers and partners, and enables us to continue our rapid expansion in the U.S. and Europe.”
“With an easy-to-use, enterprise-grade solution built on a native collaboration framework, Decisyon provides its already impressive reference customer base with improved decision making capabilities and substantial ROI,” said Todd Clapp, partner at Catalyst Investors. “We are thrilled to partner with Decisyon’s talented management team as they begin this next phase of growth.”
In January, the company launched Decisyon 360 in the U.S. and Europe and in February the company was recognized by Gartner, Inc. as one of the “Interesting Vendors” in its 2014 Magic Quadrant for Business Intelligence and Analytics Platforms* report. The breakthrough collaborative BI and performance management platform enables rapid, code-free development of operational BI and planning solutions that deliver proven business value. Decisyon 360-built solutions are implemented in a fraction of the time and cost required by legacy approaches requiring multiple products and custom coding. Customers quickly realize ROI in both dollars and process improvements, directly and positively impacting the bottom line.
Decisyon also offers Decisyon/Plant, a manufacturing intelligence solution, and Decisyon/Engage, a SaaS-based Social CRM application. The products’ unique hybrid architecture provides enterprises and partners with flexibility to deploy solutions on-premise or in the cloud. The architecture also provides full mobile support through HTML5, including collaboration, data entry and process execution.
About Catalyst Investors
Catalyst Investors is a growth equity firm focused on technology-enabled services including cloud computing, wireless infrastructure and digital media. Founded in 2000 and investing its third fund, Catalyst draws on its deep sector expertise and extensive network of industry leaders to work in true partnership with management to create long-term value. The firm makes both minority and majority investments of up to $40 million in rapidly growing companies. Catalyst is based in New York City. For more information, please visit http://www.catalystinvestors.com or follow Catalyst on Twitter: @CatalystInv.
About Decisyon, Inc.
Decisyon, Inc. provides enterprises, manufacturers and global brands with collaborative BI and performance management software solutions that integrate analysis, planning and execution – all in a single environment – to accelerate smart decision-making. Founded in 2005, Decisyon software is now used in more than 200 mid-size and global companies including the pharmaceutical, financial services, banking, media, fashion, manufacturing, retail, transportation, telecommunications and automotive industries. Headquartered in Stamford, CT, the company markets its software products in the United States and Europe through partners and direct sales. For more information visit http://www.decisyon.com or follow Decisyon on Twitter @decisyon or on LinkedIn at http://www.linkedin.com/company/decisyon-inc.
*Gartner “Magic Quadrant for Business Intelligence and Analytics Platforms” by Rita L. Sallam, Joao Tapadinhas, Josh Parenteau, Daniel Yuen, Bill Hostmann. February 20, 2014.
