Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


ProjectManager.com Raises $3.5 Million in Funding

ProjectManager.com Raises $3.5 Million in Funding


AUCKLAND, NEW ZEALAND--(Marketwired - Jun 19, 2014) - 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 onFacebook and follow us on Twitter @ProjectTips.


ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Insurers Up For More Payouts: Chch Property Investor Wins Policy Appeal In Supreme Court

Ridgecrest NZ, a property investor, has won an appeal in the Supreme Court over insurance cover provided by IAG New Zealand for a Christchurch building damaged in four successive earthquakes. More>>

ALSO:

Other Cases:

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news