BI vendor Phocas raises funds to build predictive analytics

Enterprise intelligence firm Phocus Software has acquired an influx of funds to grow its presence in new industries, even further build its main analytics products and solutions and accelerate its growth in the U.S. and U.K.

For the to start with time in its twenty-calendar year record, Phocas raised undertaking capital funding.

Phocas, an analytics program vendor founded in 2001 and dependent in Sydney, secured $34 million ($45 million AU) in funding led by Ellerston Cash, which contributed $27 million ($35 million AU). OneVentures, a shareholder in Phocas that to start with invested $10 million in the vendor in 2018, contributed an supplemental $7 million ($10 million AU).

The vendor provides a cloud-dependent SaaS analytics platform aimed at midsized enterprises with a particular target on makers, wholesalers and shops. It at present has a lot more than one,900 buyers, including Thermo Fisher Scientific.

It can be a huge increase to

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