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Phocas Appoints Prominent Chief Financial Officer for New Growth Cycle

Phocas Appoints Prominent Chief Financial Officer for New Growth Cycle
A new CFO for Phocas is timely as the data analytics company launches planning, analytics and reporting solutions that make financial data more accessible to both finance teams and other managers in wholesale distribution, and retail sectors. Supply chain uncertainty, demand fluctuations, cashflow concerns and disruption of the pandemic makes knowing your numbers even more vital to goods-based businesses.
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IRVINE, Calif., May 6, 2021 /PRNewswire/ Phocas Software today announced the appointment of Dave Boorman as its new Chief Financial Officer (CFO). Boorman successfully managed Phocas recent AU$45 million capital raise, then accepted a permanent role. As CFO, he will support the data analytics software company s expansion plans as the investment capital is deployed, propelling Phocas to reach the next mileston ....

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After 20 years of bootstrapping, Phocas secures $45 million in VC funding

It’s been profitable and growing for 20 years, but Phocas Software is gearing up for a growth spurt, with $45 million in fresh VC funding. ....

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Data analytics software company Phocas positions for rapid growth in the U.S. and UK with AU$45 million (US$34 million) capital raise

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SYDNEY, Jan. 28, 2021 /PRNewswire/ Australian global data analytics software business Phocas Software announces a AU$45 million (US$34 million) capital raise to accelerate its growth in America and the United Kingdom, expand into new industries and develop its core products.
Ellerston Capital led the capital raise with a AU$35 million (US$27 million) equity investment. OneVentures, an existing shareholder who first invested in the company in 2018, provided an additional AU$10 million (US$7 million) equity financing, reinforcing the venture capital firm s confidence in the company.
Phocas is a cloud-based data analytics Software-as-a-Service (SaaS) company with operations in the US, Australia and the UK. It is a growing, profitable company which should reach circa AU$50million in revenue by July 1, 2021. The business employs 200 people and has more than 1,900 mid-market customers, including Karcher, Burson Automotive, Repc ....

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