Alpharetta, GA (Sept. 2, 2021) — Profisee, a leading provider of next-generation master data management (“MDM”) software, announced today that it has received a significant growth investment from Pamlico Capital (“Pamlico”). As part of the transaction, Pamlico will acquire a majority ownership stake in Profisee while existing investor ParkerGale Capital (“ParkerGale”) and the management team will retain a minority stake in the Company. Further transaction details were not disclosed.
Founded in 2007, the Profisee MDM platform makes it easy to deliver a single, trusted, and complete view of business-critical data across the enterprise to power innovation, transformation and growth. With the support of Pamlico and ParkerGale, Profisee will continue to invest in product led growth and other areas of the business to further the mission of making MDM an easy and a natural foundation for any data management strategy.
“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,” said Len Finkle, Profisee CEO. “The investment from Pamlico and continued support from ParkerGale will provide Profisee with 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.”
“We have thoroughly enjoyed working alongside Len and the Profisee team and are excited to continue investing in the Company,” said Kristina Heinze, ParkerGale Partner. “With Pamlico, we believe we are partnering with a firm who shares our vision for Profisee and can bring additional resources to help the Company continue its track record of success.”
“Profisee’s ROI-driven, scalable MDM solution resonates with enterprises as they grapple with exponentially growing volumes of data, and we believe there is tremendous runway for ongoing adoption,” said Andrew Tindel, Pamlico Principal. “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,” added Walker Simmons, Pamlico Partner.
Robert W. Baird & Co. served as financial advisor and Kirkland & Ellis LLP served as legal advisor to Profisee. Moore & Van Allen PLLC served as legal advisor to Pamlico.
Profisee is changing the MDM game, dismantling the perception of Master Data Management (MDM) being ‘difficult’ and making MDM an easy and a natural foundation for any data management strategy. Easy to buy, easy to use and easy to deploy, Profisee’s approach to making MDM easy provides organizations with a fast, affordable, and scalable solution to deliver high-quality, trusted data across the enterprise. Built for the cloud, Profisee offers the industry’s first and only cloud-native containerized PaaS MDM solution, giving customers the freedom to choose their deployment between on-premise, in the cloud, or via a hybrid model. With an industry-leading low total cost of ownership, fast implementations, and a truly flexible multidomain MDM platform, Profisee helps customers “make MDM a way of life” as they approach digital transformation and deliver business outcomes. For additional information, please visit http://www.profisee.com.
ParkerGale Capital is a private equity firm based in Chicago that invests in founder-owned technology companies and corporate carve-outs where the firm’s operating resources can have a meaningful impact on the outcome. ParkerGale also hosts the Private Equity FunCast available on iTunes, Google Play and wherever you get your podcasts. For additional information, please visit www.parkergale.com.
About Pamlico Capital
Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle-market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders in its target industries: business & technology services, communications, and healthcare. Since inception, the firm, based in Charlotte, NC, has invested over $4 billion. For additional information, please visit www.pamlicocapital.com.
of executives say that having a strong master data management program is important to ensuring their future success.
of executives believe their organizations are underinvesting in their enterprise-wide data strategy.
of executives say their organizations rely on more than 6 data types that are essential to business operations.
of respondents who have employed MDM say their organizations' approach to MDM is moderately or very effective.
"The Profisee MDM platform provides exactly what we are looking for."
―Slobodan R.Read the full review
"Very capable MDM platform with solid development toolkit and favorable TCO"
―Data & Analytics Architecture Manager in the ManufRead the full review
"Profisee really stood out with their attractive pricing model and implementation time compared to the competition."
―Project Manager in the Finance IndustryRead the full review
"Very affordable and user friendly. Great for modeling big data domains."
―User in Higher EducationRead the full review
"Great end-to-end product to make MDM easier for organizations."
―Internal ConsultantRead the full review
"Excellent vision and roadmap for the product."
―Senior Manager Business Intelligence in the ServicRead the full review
"The Profisee product is intuitive enough for us to implement our first domain in under six months."
―Manager of Data Architecture in the ManufacturingRead the full review
"The technology is well built and is a flexible/robust tool - powerful engine and has solid UI and exceptional workflows - and ability to customize."
―Vice President in the Manufacturing IndustryRead the full review
"The best thing about the software is the UI, it is very nice and clear. It is very easy to understand"
―Administrator in Computer SoftwareRead the full review