Welcome!

News Feed Item

ProjectManager.com Raises $3.5 Million in Funding

Series A Round Will Extend Company's Reach Into U.S. Market, Support Growing Demand for Disruptive Project Management Software

AUCKLAND, NEW ZEALAND -- (Marketwired) -- 06/19/14 -- ProjectManager.com, the leader in online project management software for professionals, today announced it has raised $3.5 million in Series A funding to support the company's momentum in the project management software market and expansion into the United States. New Zealand's Zeus Management Limited, a group of visionary investors that are well-known in the software industry, led the round. This backing, along with a newly appointed board of directors, are bellwethers for ProjectManager.com's rapid and aggressive growth.

Proceeds from the Series A funding will be used to build out ProjectManager.com's sales and marketing presence in the United States, where 80 percent of its user base resides.

ProjectManager.com's approach to project management is truly unique in the industry. It is the only project management software available with social, video, mobile and content built into its platform to enable collaboration while managing, tracking and organizing projects. Over the past three years, the company has experienced 85 percent year-over-year growth and amassed approximately 15,000 users around the world. This does not include the roughly 150,000 people using its mobile app. ProjectManager.com's customers include such names as Volvo, IFMA, Kantar, the United Nations and NASA.

"With hundreds of colleagues working around the globe on hotel openings, effectively monitoring, tracking and managing a portfolio of projects is critical to success," said Ilse Wittens, Director Project Management, Hotel Openings & Integration, FRHI Hotels & Resorts. "ProjectManager.com presents a unique software tool that streamlines collaboration and facilitates synergies by incorporating project content, social and mobile into its platform. Our hotel, corporate and senior leadership teams are in sync with centralized access to consistent, real-time data. ProjectManager.com is a valuable tool for FRHI."

"This funding was provided by international investors associated with Zeus Management who have had significant prior investments in the IT industry, including in such companies as Orion Healthcare, Navman, Wynyard and Revera," said Andrew Clements, chairman, Orion Health and director at Zeus Management Ltd. "We are excited by the opportunity ProjectManager.com has in the U.S. marketplace. With a fast revenue growth rate, a proven platform and an impressive customer base, it's destined for greatness."

The round is marked by the addition of ProjectManager.com's very first board of directors, which comprises three technology entrepreneurs with decades of collective experience. The board includes Guy Haddleton, co-founder of San Francisco-based Anaplan, which last year raked in $100 million in Series D funding; Herb Hunt, former longtime IBM executive and director of Wynyard Group; and Graham Shaw, director of San Francisco-based Xero, another successful technology startup that secured $150 million in funding late last year. ProjectManager.com's new board will draw on their collective experience to drive exponential company growth.

"Even at this early stage, ProjectManager.com is leading the pack in the B2B market, uniquely offering social, video, mobile and content in one easy-to-use project management platform," said Jason Westland, CEO, ProjectManager.com. "With this round of funding, we can expand our platform to take the enterprise market by storm!"

About ProjectManager.com
ProjectManager.com provides the industry's most robust, comprehensive online project management solution available. Used worldwide by brands such as Volvo and government organizations like NASA and the United Nations, ProjectManager.com is the only project management software available with social, video, mobile and content built into its platform to enable collaboration while managing, tracking and organizing projects. ProjectManager.com has been recognized with industry awards and was recently named a Deloitte Fast 50 company. ProjectManager.com is headquartered in New Zealand with offices in Silicon Valley. Learn more at www.projectmanager.com. Like us on Facebook and follow us on Twitter @ProjectTips.

Contact:
Lucas Mayer
BOCA Communications
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"CA has been doing a lot of things in the area of DevOps. Now we have a complete set of tool sets in order to enable customers to go all the way from planning to development to testing down to release into the operations," explained Aruna Ravichandran, Vice President of Global Marketing and Strategy at CA Technologies, in this SYS-CON.tv interview at DevOps Summit at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.