CONCORD, MA--(Marketwired - Apr 2, 2013) - ProcessUnity, a privately-held risk management software company, today announced that it secured $5 million in a Series C round led by Rose Park Advisors' Disruptive Innovation Fund. The funding will support the company's rapid growth and expand marketing and sales of its SaaS solutions.
The company offers two distinct solutions: Risk Suite and Service Delivery Risk Management (SDRM). To address increased information security threats and regulatory mandates, ProcessUnity offers Risk Suite, focused on strong governance and control, vendor risk management, and compliance management. To address increased complexity, cost pressures, and delivery risk for financial service providers, ProcessUnity offers SDRM, focused on managing complex service offerings and the end-to-end client management process of what is offered and how it's delivered.
"After three years of strong growth and validation from our customers, we are ready to expand our reach and deploy our solutions to broader markets," said Todd Stone, president and CEO of ProcessUnity. "We are excited to work with Rose Park Advisors' CEO Matt Christensen and Chairman Dr. Clayton Christensen, and extremely pleased that our existing stockholders also participated in this round."
ProcessUnity's customers range from large commercial enterprises to independent consultants all facing the same challenge of managing risk effectively. These organizations rely on the ease of use, instant global deployment, low cost of ownership, and highly responsive service associated with the company's solutions.
"ProcessUnity's platform and solutions represent a disruptive innovation for today's service-based economy," said Matt Christensen, CEO of Rose Park Advisors. "The company's solutions automate critical jobs to be done around risk management and product and service management in a way that offers breakthrough cost savings and operating efficiencies. The resulting business improvements, reporting, and analytics allow ProcessUnity's customers to capitalize on risk management for competitive advantage."
About ProcessUnity, Inc.
ProcessUnity is a risk management software company headquartered in historic Concord, Massachusetts. ProcessUnity's Software as a Service solutions provide financial services firms and other organizations with the visibility and control they need to assess, measure, and mitigate risk and to ensure the optimal performance of key business processes. Customers and partners benefit from the ease of use, fast deployment, and low total cost of ownership associated with ProcessUnity's risk, compliance, and operational control solutions.