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Prophix Software Realizes Strong Growth in 2020, Continues to Build Substantial Cloud Customer Base


Prophix Software Realizes Strong Growth in 2020, Continues to Build Substantial Cloud Customer Base
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December 2020 is most successful month to date, FY20 the best year yet for Prophix; cloud billings grow by more than 150%.
“The strength of our performance in Q4 and in 2020 overall demonstrates that the market opportunity for our technology is largely untapped,” said Alok Ajmera, President & CEO, Prophix Software.
MISSISSAUGA, Ontario (PRWEB)
February 09, 2021
Prophix Software, a global leader in Corporate Performance Management (CPM) software, today released its business summary for Q4 2020, which ended on December 31, 2020. The company saw its fourth quarter cloud billings grow by more than 150% from the same period last year, and its cloud customer base double from 2019. “The strength of our performance in Q4 and in 2020 overall demonstrates that the market opportunity ....

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Alok Ajmera

Alok Ajmera
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Alok Ajmera , Prophix Software , அலோக் அஜ்மேற ,

Hg Invests in Prophix to Continue to Scale the Business and Invest Further in Product and Technology


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Prophix, a global leader in Corporate Performance Management (CPM) software, today announces an investment from Hg, a leading global software investor. Hg s investment is expected to accelerate and scale Prophix s growth and fund further development of its product capabilities.
This deal will result in Prophix employees and management participating to acquire the company alongside Hg, who will hold the majority investment. This will allow staff to benefit more directly from the organization s ongoing growth.
Founded in 1987 and based in Ontario, Canada, Prophix is a leading provider of CPM software serving mid-market companies across multiple industries worldwide, providing planning, budgeting and financial reporting software into the office of the CFO . Prophix s software allows organizations to improve their financial reporting capabilities, while also standardizing and streamlining the budgeting process to generate significant ROI through a faster time to clo ....

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