ORIX Growth Capital announced today that it has completed a growth capital investment in Mavenlink Inc., the leading global provider of cloud-based software for the modern services organization. The company’s SaaS offering combines project management, collaboration and resource planning into a single platform, enabling professional services organizations and other people-intensive businesses to manage the on-time and on-budget delivery of projects. The capital will be used to support the continued growth and expansion in their SaaS-based applications suite.
“Mavenlink’s transformative software platform uniquely helps services firms digitize work and adapt to today’s business environment by establishing an operational system of record that facilitates their entire business life cycle, including key capabilities like resource management, project management, collaboration, project accounting and BI. It’s one reason Mavenlink was recently recognized as the only provider to be categorized as a leader by G2 Crowd in both the Project Management and Professional Services Automation software quadrants,” said Joel Gragg, Managing Director at ORIX Growth Capital.
“We were especially impressed with Mavenlink’s core value proposition, which unlike project management or collaboration point solutions, provides a full resource management platform for professional services organizations where skilled labor is their key resource. Further, with a focus on margins increasingly important across the professional services space, Mavenlink is positioned well to play a leading role in providing enhanced visibility into forecasting labor utilization, project timelines, and ultimately revenues and profitability,” said Jon Weitzel, Director at ORIX Growth Capital.
“We’re thrilled to be teaming with ORIX to support our investments in our award-winning solution and rapid growth,” said Ray Grainger, CEO and Founder of Mavenlink. “As a leading provider of capital to high-growth technology companies, we’re really looking forward to working with the proven team at ORIX as we take our business to the next level.”
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