Impact Analytics, a supplier of a retail, grocery, CPG and supply chain focused planning and merchandising software suite, has closed $40 million in growth financing.
The funding round was led by Sageview Capital with additional support from long-time partner Vistara Growth.
As part of this transaction, Jeff Klemens, Partner at Sageview Capital, and Prashanth Palakurthi, Senior Advisor at Sageview Capital and founder and former CEO at Reflexis Systems, will join the company’s board of directors.
Impact Analytics says it will use the cash to: “expand its sales, marketing, and customer service organisations in the US and abroad; ensure its technology platform and AI capabilities continue to lead the industry; deepen its strategic partnerships; and strengthen its balance sheet in anticipation of future growth opportunities”.
Kicking off the year with a bang! Already disrupting the retail industry, we are now supercharged with US$40M in growth financing from Sageview Capital & @VistaraGrowth. This investment is a catalyst for our global expansion and AI advancements. Read more! https://t.co/NaxlEX4U9C pic.twitter.com/nhx0ESqBDr
— Impact Analytics Inc (@ImpactAnalytic) January 9, 2024
“Sageview Capital partners with proven companies that leverage disruptive technologies and that have an intimate understanding of their customers’ business challenges and objectives,” says Klemens.
“Impact Analytics clearly excels in all these regards as a pioneer in their space and we look forward to a fruitful and exciting partnership.”
“We are thrilled to continue and expand our partnership with Impact Analytics,” says Neil Kenley, Principal at Vistara Growth.
“Under the leadership of Prashant Agrawal, the company’s founder and CEO, we have seen true dedication to customer success and technological innovation, driving meaningful growth and opportunity. The market has recognised Impact Analytics as a leader in its category and we see the company developing into an industry juggernaut.”
In addition to Sageview’s and Vistara’s support, Palakurthi will be investing personally.
He says that he expects Impact Analytics to continue to transform merchandising and the supply chain operations dramatically, much as his prior company, Reflexis Systems, transformed retail and consumer goods labour planning. “Impact Analytics’ AI driven technologies and techniques have tangibly boosted profitability across its customer base,” says Palakurthi.
“This funding round could not have come at a more propitious moment, we could not have imagined better partners than Sageview and Vistara, and adding Palakurthi and Klemens is especially satisfying as they have both been there, done that,” says Agrawal.
“Impact Analytics technology is unassailably the best, our client loyalty is truly humbling, and our strategic partnerships are strong and growing stronger. With Sageview and Vistara at our side, we’ll ride this tide to bring our solutions to an ever-widening audience.”
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