An innovative provider of master data management software, Profisee announced that Pamlico Capital has invested in its growth. According to the deal, Pamlico will acquire the majority stake in Profisee, while existing investor ParkerGale Capital and the management team will retain a minority interest.
The CEO of Profisee, Len Finkle, said, “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. The investment from Pamlico and continued support from ParkerGale will provide Profisee with the 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.”
In order to transform and grow your business, you need the ability to see business-critical data in one place that can be trusted and managed centrally. Pamlico and ParkerGale will support Profisee’s commitment to product-led growth and other business areas to help make MDM an easy and natural foundation for any data management strategy.
Andrew Tindel, Pamlico Principal, said, “Profisee’s ROI-driven, scalable MDM solution resonates with enterprises as they grapple with exponentially growing volumes of data, and we believe there is a tremendous runway for ongoing adoption,”
Walker Simmons, Pamlico Partner added, “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.”