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BillingPlatform, a leading enterprise revenue lifecycle management platform, has secured a massive $90 million growth equity investment from FTV Capital, a growth equity investor known for 25 years of experience in enterprise technology and services, financial services, and payments and transaction processing. succeeded in securing. This investment significantly fuels BillingPlatform’s continued expansion in his $10 billion market, which is growing more than 10% annually.
The recent investment from FTV Capital comes on the back of a period of significant growth for BillingPlatform, featuring substantial customer acquisition, recognition from industry analysts, and several awards. The platform announced new deals with major market players such as JP Morgan, CooperSurgical, Juniper Square, and Class, and already has a number of major Added to our roster of corporate clients. BillingPlatform’s impressive growth has earned it recognition on Deloitte’s Technology Fast 500 for the fourth year in a row and as the No. 1 vendor in influential billing and subscription management reports by Forrester Research, MGI Research, and Ventana Research .
Among FTV Capital’s contributions to BillingPlatform’s future growth is the addition of partners Kyle Griswold and Richard Liu to BillingPlatform’s Board of Directors. Their vast experience in equity investing will help fuel BillingPlatform’s ambitious growth strategy and overall expansion. Since its founding in 1998, FTV Capital has raised a whopping $6.2 billion of his capital, and he has invested more than $5.2 billion in 140 portfolio companies. Columbia Capital will also act as a minority investor in BillingPlatform and provide additional financial support.
Kyle Griswold said his observation of BillingPlatform’s continued growth and superior product offering spurred FTV Capital’s investment decision. Recognizing the broad market demand for cloud-based solutions and BillingPlatform’s potential to accelerate growth in related areas, Mr. Griswold identified BillingPlatform’s potential for market leadership. Richard Liu echoed these sentiments, saying that feedback on BillingPlatform has been “outstanding” and supports the company’s strong market position. He added that BillingPlatform offers an innovative and highly configurable approach that not only drives significant operational efficiencies for customers, but also creates new and significant revenue streams.
BillingPlatform CEO Dennis Wall warmly welcomes the partnership with FTV Capital, which will provide strategic resources to further BillingPlatform’s growth goals and solidify its position as the leading enterprise revenue lifecycle management platform. He praised it as a blessing. He also expressed enthusiasm for the added value that FTV will bring through its expertise and understanding of sector trends and vast global partner network. Combining this with his BillingPlatform’s global customer base across multiple industries including technology, financial services, media and entertainment, logistics, and communications, Wall sees a promising future for the company.
Jasoon Booma, a partner at Columbia Capital, said the company’s confidence in BillingPlatform’s market opportunity has grown since its initial investment. He is enthusiastic about BillingPlatform’s management team’s experience and capabilities, broad customer base, and clear vision as key winning formulas, and is excited to move the company to its next phase in partnership with his FTV Capital. are eagerly anticipating.
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