“We are excited to partner with Shibumi as they expand their leading position within the strategic portfolio management software market.”
NORWALK, Conn. (PRWEB)
October 19, 2022
Shibumi, a leading provider of strategic portfolio management software for enterprise customers, announced today that 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 put companies under increasing pressure to innovate and move quickly from strategy to execution. However, the use of technology to manage and optimize these strategic initiatives is relatively modest. Gartner estimates that by 2025 70% of digital investments will fail to deliver expected business results due to the lack of a portfolio management strategy. In this environment, Shibumi has quickly become a leading strategic portfolio management SaaS platform provider enabling the world’s largest corporations, including 70+ of the Fortunate 1000, and well-known advisory firms, including PWC, EY, IBM, Accenture, LEK, among others, to adaptively manage and prioritize a portfolio of initiatives across multiple programs. These include digital, business, and cost transformations, continuous improvement, change management, M&A integration management, business program management (EPMO), and investment management. Shibumi helps organizations optimize their strategic investments and deliver continuous change at enterprise-scale by ensuring firmwide strategy-to-execution alignment, tracking 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 present critical data and was recently recognized in Gartner’s Magic Quadrant for the second consecutive year. Over 50,000 strategic initiatives and over $100 billion worth of business are currently managed within the Shibumi platform
“In Guidepost, we found a true partner who shares our strategic vision to empower organizations to simplify implementation, reduce risk, and reach their most strategic goals,” 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 we look for as a well-capitalized, fast-growing, and highly differentiated business, delivering significant customer value within a dynamic market, and led by an outstanding founding team,” said by Gene Nogi, Guidepost General Partner. “We are excited to partner with Shibumi as they expand their leading position within the strategic portfolio management software market.”
About Shibumi
Founded in 2012, Shibumi is a leader in Strategic Portfolio Management, built for the needs of CIOs, CFOs, EPMOs and operational 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 company level with corporate business strategy, unlocking billions of dollars of value. Learn more at shibumi.com.
About Guidepost
Guidepost Growth Equity is a leading core growth equity firm that partners with entrepreneur-led technology companies that use technology to transform industries including application and infrastructure software and tech-enabled and data services. Current and previous 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 more than $1.6 billion in capital under management. For more information, please visit our website at guidepostgrowth.com.
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