By Modupe Gbadeyanka
Auckland-based inventory management Software-as-a-Service (SaaS) provider, Unleashed Software, has announced a Series C investment of NZ$7.0 million from Movac, New Zealand’s largest and most experienced technology investment company.
Of the recent investment success, CEO of Unleashed Software Gareth Berry comments: “We have been building our core product and markets for eight years now and the markets around the globe are really starting to embrace cloud based applications. We can see the amazing traction for ‘best in class’ systems like Unleashed being adopted around the globe now, and we are truly grateful to be the system of record that is powering these amazing wholesale, distribution and manufacturing businesses.”
Globally, Unleashed estimates there are over 5 million wholesaler-distributors and manufacturers that they could be the ‘system of record’ for. Their customers have been very supportive on this journey, with many of whom now compete competitively on a global scale with our ‘best in class’ inventory management and manufacturing system.
“The adoption of cloud based systems on a global scale is only just starting to take off,” says Gareth. “New Zealand and Australian markets have been early adopters of cloud based software solutions, however, we also see big opportunities in the United Kingdom and the United States markets where businesses are starting to migrate and adopt best-in-breed component solutions to run their businesses. This presents an amazing opportunity for us, with a substantial amount of growth in our businesses forecast to come from the Northern Hemisphere over the next few years.”
The investment funds will go towards fuelling the development of the next generation inventory management software and support the global growth of the company that now services customers in over 88 countries in the wholesale, distribution and manufacturing sectors.
more recommended stories
Verve Expands Operations to United Arab Emirates
Verve, a leading payments technology and.
NCC Plans Cheaper Data Rates for Nigerians
By Adedapo Adesanya The Nigerian Communications.
OPay Gets $120m From Chinese Investors to Conquer African Market
By Adedapo Adesanya Financial technology-oriented company.
Airtel Nigeria to Acquire $70m Spectrum for Better LTE Services
By Modupe Gbadeyanka The proposed acquisition.
Visa Buys Stake in Interswitch to Raise Value to $1bn
By Modupe Gbadeyanka World leader in.
Visa Introduces Features to Prevent, Disrupt Payment Fraud
Visa has launched a suite of.
N5.8bn Loan: Omatek to Offer BoI Fresh Payment Option
By Dipo Olowookere Efforts are presently.
Verve Begins Operations in Ghana, Partners GhIPSS
Leading payments technology and card business.