Welcome!

News Feed Item

Visier Secures $25.5 Million in Series C Financing as Demand for Company’s Applied Big Data Solutions Accelerates

Visier, an innovation leader in workforce analytics and planning, announced today that it has closed $25.5 million in series C financing. Visier -- which more than tripled its revenue growth in 2013 and continues to grow at the same rate in 2014 -- will use the new capital to broaden adoption of its Applied Big Data solutions within the Human Resources (HR) market and penetrate new growth areas.

“Visier is at the front of a major shift in how people use data in their organizations. We founded Visier to reinvent analytics, and provide leaders enterprise-wide with a more efficient, cost effective, and intuitive way to gain insights into and make decisions about their business,” says John Schwarz, Founder and CEO of Visier. “With this additional capital, we will go deeper and broader with our mission: enable business professionals to access data, visualize information, and make fact-based, strategic decisions -- without any costly infrastructure investments or highly specialized technical skillsets.”

The latest funding round -- which brings the company’s total financing to date to $49.5 million -- is led by Adams Street Partners and includes participation from repeat investors Foundation Capital and Summit Partners. The majority of the capital ($24 million) was generated by investors, with the remaining funds ($1.5 million) secured from friends and family.

“Applied Big Data is the future of enterprise operations. There is a tremendous opportunity for Visier -- with its solid leadership team and unique combination of technological prowess and knowledge of industry best practices -- to fundamentally change the way organizations ask and answer business questions,” says Mike Zappert, Principal, Adams Street Partners, who joins the Visier Board of Directors.

With Visier’s cloud solutions, organizations can leverage data from unlimited sources to predict how workforce behaviors (such as future employee recruitment, promotion, and turnover patterns) will change, and use this insight to create, analyze, and collaborate on plans to optimize the workforce.

Powered by a multi-dimensional, in-memory analytics engine, Visier processes data 250,000 times faster than traditional BI technology. Visier delivers Applied Big Data solutions through the cloud that are up and running in four to eight weeks -- a timeframe otherwise unheard of in the Business Intelligence industry. (To learn more about Applied Big Data, read Visier’s Ultimate Big Data Cheatsheet.)

Over the past year, the company has released two new product offerings (Visier Workforce Planning and Visier Workforce Benchmarking) and doubled its customer count. The company also nearly doubled the size of its workforce, opened a new headquarters in San Jose, and relocated its Vancouver headquarters to a new, larger facility. Over the last two quarters, company contract wins have included Exelon, McGraw Hill Financial, Time Inc., Baker Hughes, NetApp, and USG Corporation.

"We chose to partner with Visier because we believe it is reinventing the way analytics are done -- providing an out-of-the-box cloud solution that brings together data from all sources. For over a century USG has been a leader in producing innovative products that build the environments in which we live, work and play -- enabled by our world-class workforce. We are excited about the opportunity Visier gives us to gain new insights and make fact-based decisions about our workforce and impact our business results," says Brian Cook, Senior Vice President, Human Resources and Corporate Communications at USG Corporation.

Visier recently announced the appointment of Adam Binnie, who was previously Senior Vice President, Emerging Products at SAP, as its head of New Markets and Innovation. Visier also recently added Aon Hewitt to its roster of HR leader partners, which includes Cornerstone on Demand and Silkroad.

For more information, visit http://www.visier.com.
Follow Visier on Twitter @VisierAnalytics

About Visier

Headquartered in Vancouver, B.C. and San Jose, CA., Visier delivers workforce analytics and planning solutions in the cloud, designed to empower teams with the insights they need to better see, understand, and make decisions about their business. Visier achieves this by delivering intuitive analytics and planning solutions, built to answer key business questions, predict future events, and optimize operational efficiency. Founded by business intelligence experts—including former Business Objects chief executive officer, John Schwarz—the company's leadership team has a proven track record of technical, operational, and strategic management success with companies such as IBM, SAP, and Oracle. With more than two million customer employee records in the cloud and counting, Visier is experiencing significant growth.

About Adams Street Partners

Adams Street Partners is an independent, employee-owned private equity firm that manages over $25 billion of committed capital for institutional investors. The firm has offices in Chicago, Menlo Park, London, Beijing and Singapore. Adams Street was a pioneer in the development of the private equity secondary market, closing its first secondary transaction in 1986. The dedicated secondary investment team of professionals in London, Singapore and Chicago executes a selective, global investment strategy following a theme-based approach that leads to targeting specific funds. Adams Street Partners is widely recognized as the oldest fund of funds manager in the industry, establishing its first such fund for institutional investors in 1979. For more information, please visit www.adamsstreetpartners.com.

About Summit Partners

Founded in 1984, Summit Partners is a growth equity firm that has raised nearly $15 billion in capital. Summit has invested in more than 385 companies in technology, healthcare, and other growth sectors. These companies have completed more than 130 public offerings, and more than 140 have been acquired through strategic mergers and sales. Notable investments in the software sector include Clearwater Analytics, GoldenGate Software, Hyperion Software, McAfee, Postini, ProClarity, RightNow Technologies and Unica. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

About Foundation Capital

Foundation Capital is dedicated to the proposition that one entrepreneur's idea, with the right support, can become a business that changes the world. Foundation Capital has helped companies like Atheros create the mobile Internet, EnerNOC invent the energy demand response market, and Netflix revolutionize media distribution and consumption, among many others. Foundation Capital is currently invested in more than 80 high-growth ventures in the areas of consumer, information technology, software, semiconductors, and clean technology including BoardVantage, Chegg, Coverity, Lending Club, MobileIron, Simply Hired, Sunrun, TubeMogul and Venafi. Foundation Capital's nineteen IPOs include Control4, Envestnet, Financial Engines, Netflix, NetZero, Responsys and Silver Spring Networks. For more information, visit www.foundationcapital.com.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle. In his session at 18th Cloud Expo, ...
It’s 2016: buildings are smart, connected and the IoT is fundamentally altering how control and operating systems work and speak to each other. Platforms across the enterprise are networked via inexpensive sensors to collect massive amounts of data for analytics, information management, and insights that can be used to continuously improve operations. In his session at @ThingsExpo, Brian Chemel, Co-Founder and CTO of Digital Lumens, will explore: The benefits sensor-networked systems bring to ...
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
When building large, cloud-based applications that operate at a high scale, it’s important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. “Fly two mistakes high” is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Lee...
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
Much of IT terminology is often misused and misapplied. Modernization and transformation are two such terms. They are often used interchangeably even though they mean different things and have very different connotations. Indeed, it is somewhat safe to assume that in IT any transformative effort is likely to also have a modernizing effect, and thus, we can see these as levels of improvement efforts. However, many businesses are being led to believe if they don’t transform now they risk becoming ...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
"Tintri was started in 2008 with the express purpose of building a storage appliance that is ideal for virtualized environments. We support a lot of different hypervisor platforms from VMware to OpenStack to Hyper-V," explained Dan Florea, Director of Product Management at Tintri, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
"Avere Systems is a hybrid cloud solution provider. We have customers that want to use cloud storage and we have customers that want to take advantage of cloud compute," explained Rebecca Thompson, VP of Marketing at Avere Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.