Growth Funding Will Further Accelerate the Leading Strategic Portfolio Management Software Company's Global Market Expansion, Product Development, and Go-to-Market Initiatives
NORWALK, Conn., Oct.19, 2022 /PRNewswire-PRWeb/ -- Shibumi, a leading provider of strategic portfolio management software for enterprise customers, today announced it has received a $30M growth investment from Guidepost Growth Equity. This partnership will further accelerate the Company's global market expansion, product development, and go-to-market initiatives.
Current market dynamics place companies under increasing pressure to innovate and quickly move from strategy to execution. However, adoption of technology to manage and optimize these strategic initiatives has been relatively modest. Gartner estimates that by 2025 70% of digital investments will fail to deliver the expected business outcomes due to the absence of a strategic portfolio management approach. In this environment, Shibumi has quickly become a leading strategic portfolio management SaaS platform provider that enables the world's largest corporations, including 70+ of the Fortunate 1000, and preeminent advisory firms, including PWC, EY, IBM, Accenture, LEK, among others, to adaptively manage and prioritize a portfolio of initiatives across numerous programs. These include digital, business, and cost transformations, continuous improvement, innovation management, M&A integration management, enterprise program management (EPMO), and investment governance. Shibumi helps organizations optimize their strategic investments and deliver continuous enterprise-scale transformation by ensuring firmwide strategy-to-execution alignment, monitoring dependencies, providing real-time visibility into projects and benefit realization, and enabling adaptive scenario analysis and resource allocation. Shibumi's flexible SaaS platform integrates with leading technology vendors (Salesforce, Atlassian, ServiceNow, Automation Anywhere, etc.) to bring critical data into view and was recently recognized in Gartner's Magic Quadrant for the second consecutive year. More than 50,000 strategic initiatives and over $100 billion of business value are currently managed within the Shibumi platform
"In Guidepost, we found a true partner who shares our strategic vision to empower organizations to simplify execution, reduce risk, and reach their most strategic objectives," said Bob Nahmias, Shibumi Co-Founder and CEO. "This partnership will support our investments in expanding our global footprint, accelerating our product development, and continuing to deliver exceptional customer value."
"Shibumi embodies everything that we look for as a capital efficient, rapidly growing, and highly differentiated business, delivering significant customer value within a dynamic market, and led by an outstanding founding team" said Gene Nogi, Guidepost General Partner. "We are thrilled to partner with Shibumi as they expand upon their leading position within the strategic portfolio management software market."
Founded in 2012, Shibumi is a leader in Strategic Portfolio Management, built for the needs of CIOs, CFOs, EPMOs and operations executives in complex organizations. The platform is the single source of truth to optimize decision-making and align the execution of program initiatives at every level of the company in corporate business strategy, unlocking billions of dollars in value. Learn more at shibumi.com.
Guidepost Growth Equity is a leading core growth equity firm that partners with entrepreneur-led technology companies utilizing technology to transform industries including application and infrastructure software and tech-enabled and data services. Current and prior investments include Atlas, Lucid (acquired by Cint Group AB), Mineral, OutSystems, and Traction on Demand (acquired by Salesforce). Guidepost Growth Equity provides the flexible capital, operational assistance, and strategic guidance necessary to support the continued success of high growth businesses and has over $1.6 billion of capital under management. For more information, please visit our website at guidepostgrowth.com.
Kristin Kovner, K-Squared Strategies, 646.847.9167, [email protected]