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Follow on Google News | Steelwedge Secures $16 Million Investment to Accelerate Growth.Steelwedge, leader in cloud-based S&OP and Integrated Business Planning, announced a $16 million growth equity investment led by Mainsail Partners, a leading San Francisco growth equity firm.
By: Steelwedge Steelwedge’s software-as- “This investment will facilitate global sales growth and enable further investment in our core technology, while we continue to deliver world-class products and services to our current portfolio of blue-chip customers,” said Glen Margolis, Chief Executive Officer of Steelwedge. “Mainsail Partners’ reputation as an excellent partner to management, and experience building great companies with capital efficiency in mind differentiated them from other firms we considered.” “The investment in Steelwedge reflects our continued focus on investing in the next generation of software and technology-enabled service leaders. As thought leaders in their industry, Glen and his team bring an exceptional level of passion and commitment. We look forward to working with them to build a world-class product and well-respected brand,” said Jason Payne, Managing Partner at Mainsail Partners. “Steelwedge has the most scalable and effective solution in the market and is well positioned to help companies better manage key drivers like recession-driven pressure on supply chain costs, globalization of operations, growing business complexity, volatility of supply chains, and increased customer service requirements.” About Steelwedge Founded in 2000, Steelwedge supercharges sales and operations planning (S&OP) and integrated business planning (IBP) with the power of automated collaboration and analytics. The Steelwedge platform builds consensus among sales, marketing, finance, and the supply chain so that companies can understand fluctuating demand, balance sales and capacity trade-offs, connect S&OP with financial planning, and measure performance against strategic revenue and customer service targets. The company has more software-as- About Mainsail Partners Mainsail Partners is a San Francisco-based growth equity firm focused on investing in successful "bootstrapped" # # # Steelwedge Software Inc. is the leading provider of Cloud-based Sales and Operations Planning solutions that enable companies to leverage their investments in SAP and Oracle to create and collaborate on sales and operations plans (S&OP). End
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