Profisee, a leading provider of next generation master data management (“MDM”) software, announced that it has received a significant growth investment from Pamlico Capital (“Pamlico“). As part of the transaction, Pamlico will acquire a majority ownership stake in Profisee while existing investor ParkerGale Capital (“ParkerGale”) and the management team will retain a minority stake in the Company. Further transaction details were not disclosed.
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Founded in 2007, the Profisee MDM platform makes it easy to deliver a single, trusted, and complete view of business-critical data across the enterprise to power innovation, transformation, and growth. With the support of Pamlico and ParkerGale, Profisee will continue to invest in product led growth and other areas of the business to further the mission of making MDM an easy and a natural foundation for any data management strategy.
“According to a recent Harvard Business Review report, 87% of executives* say that having a strong master data management program is important to ensuring their future success. The need for MDM is clear and continues to accelerate for enterprises of all sizes. Profisee is well positioned to serve this demand as the market’s most flexible and modern platform,” said Len Finkle, Profisee CEO. “The investment from Pamlico and continued support from ParkerGale will provide Profisee with resources to continue to innovate our product, grow our exceptional team, and provide the market’s best service to our customers. We are excited to partner with them on our next phase of growth.”
“We have thoroughly enjoyed working alongside Len and the Profisee team and are excited to continue investing in the Company,” said Kristina Heinze, ParkerGale Partner. “With Pamlico, we believe we are partnering with a firm who shares in our vision for Profisee and can bring additional resources to help the Company continue its track record of success.”
“Profisee’s ROI-driven, scalable MDM solution resonates with enterprises as they grapple with exponentially growing volumes of data, and we believe there is tremendous runway for ongoing adoption,” said Andrew Tindel, Pamlico Principal. “We have been impressed with Len and the Profisee team’s vision and passion to deliver better business outcomes for clients. We are excited to back such a strong group in partnership with ParkerGale and to contribute to Profisee’s ongoing success,” added Walker Simmons, Pamlico Partner.
Robert W. Baird & Co. served as financial advisor and Kirkland & Ellis LLP served as legal advisor to Profisee. Moore & Van Allen PLLC served as legal advisor to Pamlico.
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