BALTIMORE, MARYLAND (March 12, 2015) – Camden Partners today announced that it led a $22.5 million growth capital round in Steelwedge Software, the leader in cloud supply chain planning and sales and operations planning (S&OP) solutions. Other investors include return backer Mainsail Partners and new CEO, Pervinder Johar, who is investing personally in this round. The investment will be used to accelerate product development, expand sales and marketing, and deliver the highest quality service to the Company’s growing customer base.
Camden Partners Managing Member, Jason Tagler, will serve on the Company’s Board of Directors alongside Chief Executive Officer, Pervinder Johar. Previously, Mr. Johar was responsible for Hewlett Packard’s Global Supply Chain Systems. In that capacity, he was using Steelwedge’s cloud-based software platform to help manage Hewlett Packard’s global supply chain.
Steelwedge was ranked #200 on Deloitte’s Technology Fast 500™ in 2014 based on the Company’s 500% revenue growth in the 2009-2013 period. Steelwedge was positioned as a Visionary in the Gartner Magic Quadrant for Supply Chain Planning System of Record. In the past two years the Company has added some of the biggest names in manufacturing as customers, including GoPro, Hewlett Packard, and Nissan.
For more information, go to Steelwedge’s full press release at http://www.steelwedge.com/news/steelwedge-announces-new-growth-capital/
Steelwedge’s cloud supply chain planning and S&OP solutions enable leading manufacturers to profitably align demand, supply, strategy and financial goals. Connecting people, processes and technology, Steelwedge big data solutions transform supply chain ecosystems. Leading manufacturers like HP, Lenovo, Jaguar Land Rover, Nissan, and Monsanto trust Steelwedge to help them mitigate risk and profitably navigate a rapidly changing business environment. Visit www.steelwedge.com.
About Camden Partners
Camden Partners is a Baltimore-based private equity firm focused on seed and growth stage investments in healthcare, education, technology and business services companies. For more information, please go to: www.camdenpartners.com.