Marsel Khaliullin Named Business Line Manager Aftermarket Services Russia & CIS, Nikkiso Industrial Russia

TEMECULA, Calif., Feb. 07, 2022 (GLOBE NEWSWIRE) — Nikkiso Cryogenic Industries’ Clean Energy & Industrial Gases Group (Group), a subsidiary of Nikkiso Co., Ltd (Japan), is pleased to announce that Marsel Khaliullin has been named Business Line Manager Aftermarket Services Russia & Cryogenic Industries Service for Nikkiso Industrial Russia (NIR).

Based in Russia, he will manage and support Aftermarket Services, reporting to Ayman Zeitoun in NIR and Jim Estes for CIS.

Marsel has over 20 years of experience working at various positions in the maintenance and engineering business related to rotating equipment, including the previous six years in the Oil & Gas industry in Iraq and 10 years working with international companies. For the past two years, Marsel managed the Rotating Equipment workshop for SPM Oil & Gas, a Caterpillar company.

“Marsel’s experience and industry knowledge will be of great benefit to NIR and we look forward to his positive contributions,” according to Ayman Zeitoun, Vice President & Managing Director – Russia – Operations.

With this addition, Nikkiso continues their commitment to be both a global and local presence for their customers.

ABOUT CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (now a member of Nikkiso Co., Ltd.) member companies manufacture engineered cryogenic gas processing equipment and small-scale process plants for the liquefied natural gas (LNG), well services and industrial gas industries. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, Cosmodyne and Cryoquip and a commonly controlled group of approximately 20 operating entities.

For more information please visit www.nikkisoCEIG.com and www.nikkiso.com.

MEDIA CONTACT:
Anna Quigley
+1.951.383.3314
aquigley@cryoind.com

LeddarTech Announces 140 Million USD in Series D Financing Combined With Debt Facility

The latest financing supports LeddarTech’s accelerated growth and development efforts for its unique proprietary sensor fusion and perception automotive solutions.

QUEBEC CITY, Feb. 03, 2022 (GLOBE NEWSWIRE) — LeddarTech®, a global leader in providing the most flexible, robust and accurate ADAS and AD sensing technology, is pleased to announce a successful financing round with an investment of US$ 140M, which comprises a Series D first close of US$ 116M and debt facility of US$ 24M.

FS Investors led the financing round with the participation of Investissement Québec, BDC Capital, Go Capital, certain funds managed by Fidelity Investments Canada ULC, Fonds de solidarité FTQ, Export Development Canada, ams OSRAM, Desjardins Capital, UI Investissement, Cowen Investment II LLC and other LeddarTech management. The debt facility was secured with Desjardins Group.

This investment will accelerate the development and commercialization of LeddarTech solutions. In addition, LeddarTech will use the funds to augment engineering resources to meet the demands from global OEM and Tier 1-2 automotive customers actively engaged with the company for sensor fusion and perception sensing solutions.

“Our decision to partner with LeddarTech began with our introduction to the corporate senior management team. Individually, the senior team possess decades of experience in the technology industry. In addition, many have worked with major global automotive and sensing technology companies,” stated Nick Stone, founder and partner of FS Investors. “An extensive due diligence process coupled with strong customer validation confirmed that LeddarTech’s unique solution is the best positioned in the market to unlock mass adoption of ADAS and AD by breaking typical software dependency on hardware in sensing,” according to Mr. Stone, concluding that: “The LeddarTech solution, called LeddarVision™, provides customers with the flexibility to quickly scale across vehicle models and deliver faster to market with greater performance at a lower cost.”

“The success of this round is a testament to the growth and industry recognition LeddarTech has achieved. I am delighted to welcome FS Investors as our most recent investors, who bring vast experience and expertise in the deep tech sector,” stated Charles Boulanger, CEO of LeddarTech. “I was impressed by the quality and thoroughness of their due diligence and their exceptional understanding of the ADAS and AD market, which confirms the value of our unique software solution. Our team and I look forward to working with FS Investors, our other new investors and our existing partners to enable our customers to significantly deploy our reliable and cost-effective ADAS and AD solutions across their brands and markets,” Mr. Boulanger concluded.

Cowen and Desjardins Capital Markets acted as co-advisors in this investment round.

About LeddarTech

Founded in 2007, LeddarTech has evolved to become a comprehensive end-to-end environmental sensing company by enabling customers to solve critical sensing, fusion and perception challenges across the entire value chain. The company offers cost-effective and scalable solutions such as LeddarVision™, a raw-data sensor fusion and perception platform that generates a comprehensive 3D environmental model with multi-sensor configurations to support Level 2+ to Level 5 full autonomy. It is scalable to support all vehicle automation levels. In addition, LeddarTech supports LiDAR makers and Tier 1-2 automotive system integrators with LeddarSteer™, a digital beam steering device, and the LiDAR XLRator development solution for automotive-grade solid-state LiDAR development based on the LeddarEngine™ and core components from global semiconductor partners. The company is responsible for several innovations in cutting-edge automotive and mobility remote-sensing applications, with over 100 patented technologies (granted or pending) enhancing ADAS and autonomous driving capabilities.

Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter, Facebook and YouTube.

Contact:
Daniel Aitken, Vice-President of Global Marketing, Communications and Investor Relations, LeddarTech Inc.
Tel.: + 1-418-653-9000 ext. 232
daniel.aitken@leddartech.com

Leddar, LeddarTech, LeddarSteer, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, LeddarEcho, VAYADrive, VayaVision, XLRator and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

FloQast Celebrates 2021 as Landmark Year for Company Growth

Fueled by a Successful Series D Funding Round and Hiring Campaign, FloQast Continues Building Momentum Throughout Q4 with Massive YoY Growth Rate

LOS ANGELES, Feb. 03, 2022 (GLOBE NEWSWIRE) — FloQast, a provider of accounting workflow automation software created by accountants for accountants, today announced its Q4 and 2021 metrics, concluding a milestone year highlighted by international expansion, new product and company initiatives, industry accolades, and the biggest growth the company has seen since its launch. The company reported 97% year-over-year growth in annual recurring revenue (ARR) for the quarter, as well as 153% year-over-year growth in net new ARR for 2021. Further, with more than 1,500 customers globally, FloQast added 171 new customers in Q4. These milestones stem from the recent $110 million Series D funding, led by Meritech Capital, and further the company’s leadership role in workflow automation technology.

“This past year, FloQast experienced exceptional growth across the board – including funding, product and platform launches, customer acquisition and more – making this one of the most important and successful years for the company since we were founded,” says Mike Whitmire, inactive CPA, co-founder and CEO at FloQast. “This growth is a testament to the critical advances taking root across the accounting industry and highlights FloQast’s ability to deliver next-generation technology to usher in a new era of modernization and change.”

Over the course of 2021, FloQast experienced milestones in several key areas:

  • A successful $110 million Series D funding round, led by Meritech Capital, and a valuation of $1.2 billion, making the company a “unicorn workflow solution provider.”
  • The receipt of 36 G2 badges in 2021, including:
    • #1 Leader in the G2 Momentum Grid, Fall 2021 and Winter 2022 Leader, Users Love Us, High Performer in Enterprise, Leader in Mid Market, and Winter 2022 Momentum Leader.
  • Notable Q4 customer acquisition includes prominent names such as Atmosphere TV, Demandbase, Valo Health, BioLegend Inc., Black Rock Coffee, Shenandoah Valley Organic, and more.
  • The launch of several new initiatives, tools and programs, including:
    • FloQast Ops, a new workflow manager solution that addresses upstream and downstream financial functions to deliver greater control and transparency across accounting operations.
    • FloQast ReMind, a new request management workflow add-on that automates manual tasks and delivers new levels of visibility across the close process.
    • FloQast Studios, a full-scale production arm of FloQast designed to create entertaining, engaging, and educational content by accountants for accountants.
    • Partnership with Donnelley Financial Solutions (NYSE: DFIN) to transform the financial close and reporting processes, especially for companies planning to go public.
  • Notable growth in EMEA including:
    • The opening of FloQast’s London-based office.
    • 68 new customers – notable Q4 logos include Revolut, Babylon Health, Watches of Switzerland, and Ironsource.
  • The appointment of several new executives to drive FloQast’s success in 2022 and beyond, including:
  • The hosting of TakeControl 2021 in September, FloQast’s third-annual user conference, drawing more than 2,000 industry professionals and recognizing world-class accounting professionals and FloQast customers excelling in their pursuit of operational excellence.
  • The receipt of several high caliber awards and accolades, such as inclusion in Built In’s Best Place to Work list for the fourth year in a row, being named one of the Best Workplaces in the Country by Inc. Magazine, and one of the Best Places to Work by the Los Angeles Business Journal.
  • Reaching 1,000 users in the FloVerse, an online community platform for FloQast customers to network and collaborate.

This growth and momentum is made possible by FloQast’s community of employees who are committed to making accountants and financial leaders’ lives easier and more productive. Despite the challenges faced over the past two years during the pandemic, the company continues to excel in its performance, a credit to the team’s commitment to customer service and excellence in pursuit of FloQast’s overarching vision.

About FloQast
FloQast delivers workflow automation software enabling organizations to operationalize accounting excellence. Trusted by more than 1,500 accounting teams – including Twilio, coinbase, Los Angeles Lakers, Zoom, and snowflake – FloQast was built by accountants, for accountants to enhance the way accounting teams work. FloQast enables customers to streamline processes such as automated reconciliations, documentation requests, and other workflows that impact the month-end close, financial reporting, and payroll, and is consistently rated #1 across all user review sites. Learn more at FloQast.com.

Contact:
Kyle Cabodi
FloQast Director of Corporate Communications
kyle.cabodi@floqast.com

HEVĒ, Part of [INVNT GROUP], to Launch “ORIGINS” A Division Dedicated to Accelerating Growth for Start-Ups

The Global BrandStory Creators appoint SVP of Growth Strategies, Bill Stump, to lead “ORIGINS by HEVĒ” to launch, accelerate or reboot emerging BrandStories in the innovative health, wellness, and fitness industry

New York, NY, Feb. 02, 2022 (GLOBE NEWSWIRE) — HEVĒ, pronounced “heavy”, is a global and specialized creative agency and production studio built to create BrandStories. Since its launch 3 years ago, HEVĒ has experienced rapid growth across industry sectors taking BrandStories to new heights. Today, they announce the launch of a new agency focus “ORIGINS by HEVĒ” dedicated to innovative start-ups in the health, wellness, and fitness space. Why ORIGINS? Because every great story starts at the beginning.

The 2021 market closed with a record-breaking $44 Billion raised globally in health innovation, doubled funding year-over-year, and a 20x increase in the last ten years (Source: Startup Health Insights). Digital health has been experiencing historic growth as a category, but there is an agency gap. In response, HEVĒ developed a dedicated solution for early-stage companies to enter the market in a meaningful way.  An agency that serves as Brand Guardians to develop the identity, craft the story, and buy effective media, and an in-house studio that serves as Brand Creators to produce premium, yet efficient, original content for these companies.

ORIGINS by HEVĒ will be headed up by seasoned health and wellness expert, Bill Stump as Senior Vice President of Growth Strategies. Stump has over 20 years of deep media and agency experience, and an extensive background representing clients through his role as CEO and board member for digital physical therapy brand Egoscue Inc. In three years, Stump led the company through a complete rebranding process that doubled revenue and increased valuation +500% without outside investment. Through this experience, Stump gained invaluable knowledge of the challenges and opportunities early-stage health tech companies face and what they need in order to grow.

“Joining the HEVĒ team to pursue this growth venture with founder-led businesses is exactly what emerging health, wellness and fitness brands need today. HEVĒ is extending their historic storytelling expertise with iconic brands to smaller businesses with big aspirations, which could be a pivotal game changer for these emerging brands”, said Bill Stump.

Previously, Stump held senior positions at Men’s Health, Women’s Health, and Prevention. He developed and launched 26 international editions of Men’s Health in Europe, Asia, and Latin America. Stump also inaugurated and operated Rodale Inc.’s first-ever New Product Development team to incubate, build, test, and bring new brands and products to market – successes included YogaLife and Women’s Health.

On the new focus, CEO of HEVĒ, Chris Hercik, states “As individuals and brands, our origin story is the one thing that is unique and original to us. HEVĒ’s origin story began with the idea that great stories carry great weight, and if you have the right trifecta of talent, you can truly focus on telling BrandStories less told and create meaningful impact for your business. Now, we are extending that same method to the origin stories of new entrants in the digital health market.”

#####

About HEVĒ

HEVĒ, The Global BrandStory Creators, is part of [INVNT GROUP]™. Pronounced “heavy”, HEVĒ is a small but mighty creative agency and production studio built specifically to be the creators and guardians of your BrandStory. As Brand Guardians, HEVĒ Agency shows partners that anything imagined can be real if it led by a story, powered by strategy, and grounded in expertise. As Creators, HEVĒ Studios is on a mission to create the uncreated and ensure its well-made because Great Stories Carry Great Weight. HEVĒ is known for its innovative approach to telling BrandStories for valued partners such as SHRM, L’Oréal, FOX, Sports Illustrated, PatientPoint and many more. For more information visit www.hevestudios.com

About [INVNT GROUP]

[INVNT GROUP] was established in 2020, as an evolution of the founding global live brand storytelling agency INVNT in 2008, with a vision to provide consistent, meaningful, well-articulated BrandStory across all platforms. With offices in New York, Sydney, London, Singapore, San Francisco, Sydney, Stockholm, Detroit, and Washington D.C.; headed by President and CEO, Scott Cullather, [INVNT GROUP], THE GLOBAL BRANDSTORY PROJECT™ represents a growing portfolio of complementary disciplines designed to help forward-thinking organizations everywhere, impact the audiences that matter, anywhere. The GROUP consists of modern brand strategy firm, Folk Hero; creative-led culture consultancy, Meaning; branded content studio and content marketing agency HEVĒ, INVNT Higher Ed; events for colleges and universities, and the original live brand storytelling agency, INVNT. For more information about [INVNT GROUP], visit: www.invntgroup.com.

Attachment

Jhonathan Mendez de Leon
[INVNT GROUP]
1.347.819.2089
jmendezdeleon@invnt.com

Shendi Katro
HEVĒ
1.857.237.6565
skatro@hevestudios.com

Synchronoss Reports Accelerated Cloud Subscriber Growth in the Fourth Quarter of 2021

Increased Adoption from New and Existing Customers Drove 18% Year-Over-Year Subscriber Growth for Synchronoss Cloud in Q4 2021

BRIDGEWATER, N.J., Feb. 02, 2022 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a global leader and innovator in cloud, messaging and digital products and platforms, today reported an 18% year-over-year increase in subscribers within its Synchronoss Cloud business for the fourth quarter of 2021. The 18% increase represents an acceleration from 16% growth in the prior quarter and 15% growth in the same period in 2020.

The key drivers behind the Company’s continued cloud subscriber growth include further adoption by existing customers, such as Verizon, AT&T, Tracfone, and Assurant, as well as the signing of new Synchronoss Cloud customers in its largest and most strategic business segment. In 2021, Synchronoss secured cloud contracts with four (4) new customers, including Allstate Protection Plans, Telkomsel, TelkomSigma and Kitamura. Allstate Protection Plans launched last year while the other three new customers are scheduled to roll out cloud offerings in 2022.

“The strength of our cloud subscriber performance in Q4 2021 reflects our commitment to Synchronoss Cloud as the future growth driver of our business,” said Jeff Miller, President and CEO of Synchronoss. “We are continuing to place greater focus on this strategic platform, delivering new offerings, feature enhancements, and user experiences to support our global expansion. We entered the new year with strong operating momentum giving us confidence in our ability to deliver healthy, double-digit subscriber growth in 2022, which should translate to greater topline expansion over time as new customers launch and existing customers ramp their cloud offerings.”

Synchronoss Cloud is a white-label platform that enables users to backup, sync, and organize photos, videos, contacts and more between any device and the cloud. The Synchronoss Cloud offering is currently integrated into a range of mobile and wireline service plans as well as other bundled offerings. The platform provides an easy way to securely manage, share, and safeguard all types of digital content. A feature-rich personal cloud offering gives service providers the opportunity to create new services, provide more value for subscribers, build brand loyalty and bolster their bottom lines.

Synchronoss will provide more detail on its cloud subscriber metrics when it reports complete financial results for the fourth quarter and full year 2021 in March. The details of the conference call will be provided prior to the event in the coming weeks.

About Synchronoss
Synchronoss Technologies (NASDAQ: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company’s collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services, and content they love. That’s why more than 1,500 talented Synchronoss employees worldwide strive each day to reimagine a world in sync. Learn more at www.synchronoss.com.

Media Relations Contact:
Domenick Cilea
Springboard
dcilea@springboardpr.com

Investor Relations Contact:
Matt Glover and Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com

Hyper Hippo, Leading Idle Game Developer, Launches Dungeon Dwarves on Netflix

KELOWNA, British Columbia, Feb. 01, 2022 (GLOBE NEWSWIRE) — Hyper Hippo Entertainment, a leading developer of mobile idle games, launches a new title, Dungeon Dwarves on Netflix.

Hyper Hippo Entertainment, the developer & publisher behind the hit mobile games, AdVenture Capitalist, AdVenture Communist, and AdVenture Ages, today announced the global launch of a next generation idle game: Dungeon Dwarves. Dungeon Dwarves is now available worldwide on the App Store, Google Play, and Netflix.

Watch the Dungeon Dwarves trailer here.

“Hyper Hippo is thrilled to launch the first idle game on Netflix in 15 languages in over 190 countries around the world,” said Lance Priebe, Founder and Chief Innovation Officer at Hyper Hippo Entertainment. “This is a fantastic opportunity for us to collaborate with a team who clearly love games as much as we do and who support our vision of entertaining and inspiring players around the world.”

In Dungeon Dwarves, players command a party of mighty Dwarven heroes through an endless series of deadly challenges. Players will power up their heroes with gold and equipment found in dungeons as the non-stop search for gleaming treasure drives them onward. In true Dwarven fashion, watch as your heroes effortlessly swap from mining pick to axe, whether the job calls for smashing through rocks or slicing through trolls!

Dungeon Dwarves is a fun, addictive idle game that everyone can play, but with room for mastery. Your Dwarves never stop fighting, so there are always shiny rewards waiting for you when you log in. Play for as little or as much as you like, every session promising compelling progress, deadly battles, Dwarven antics, and heaps of treasure!

Committed to serving players around the world, Hyper Hippo will support the game with regular updates including the addition of 18 new languages.

Download the game on your iPhone or iPad here.

Download the game on your Android device here.

Play on Netflix from your mobile device here. Please ensure the Netflix app is installed to auto-launch the games page.

Hyper Hippo Entertainment, a winner of gamesindustry.biz’s Best Places to Work award 2021, is currently hiring. Find out more here.

About Hyper Hippo Entertainment:

Hyper Hippo is an entertainment studio, focussed on making entertainment that has a positive impact on the world. Founded in 2012, by the creator of Club Penguin, Lance Priebe, Hyper Hippo are the makers of the idle hits AdVenture Capitalist, AdVenture Communist, and AdVenture Ages. For more info, please visit http://www.hyperhippogames.com.

Press Kit

Find supporting assets here.

Media Contact

Jennifer Kilback
Hyper Hippo Entertainment
jennifer.kilback@hyperhippo.com
250-448-8550

JES3plus Training Now Available Through Interskill Learning Mainframe Course Catalog

IBM Mainframe Specialist — JES3plus Experienced 1.1 — Interskill — IBM Digital Credential

IBM Authorized Digital Credential earned on completion of JES3plus course

IBM Authorized Digital Badge Awarded on Completion of JES3plus Training

EL SEGUNDO, Calif., Feb. 01, 2022 (GLOBE NEWSWIRE) — Interskill Learning, a leading independent supplier of online mainframe training, and Phoenix Software International, Inc., today announced the release of a JES3plus course curriculum. JES3plus, developed by Phoenix Software International, Inc., is a derivative work based on z/OS® JES3, and offers a path forward for organizations wishing to remain on JES3 technology in lieu of a costly and potentially risky JES2 conversion. z/OS 2.5, the latest release of the operating system, is the last to include JES3. Upon completion of the course, students will earn an IBM Authorized Digital Badge — JES3plus Experienced 1.1.

JES3plus customers and JES3 organizations planning their migration to JES3plus will benefit from access to training for existing staff and new hires. The Interskill course designers worked closely with the JES3plus development team at Phoenix Software to provide detailed online, on-demand JES3plus training for mainframe personnel. The course is appropriate for application programmers, system programmers, and system operators.

The JES3plus training curriculum consists of five modules:

  • Introduction to JES3plus
  • Working with JES3plus
  • Monitoring the JES3plus Environment
  • Defining the JES3plus Environment
  • Application Interaction with JES3plus

Detailed information about the JES3plus course and each module is available on the Phoenix Software website.

IBM offers an official IBM Authorized Digital Credential which is earned on completion of the five JES3plus modules. The IBM Digital Badge Program offers a recognized, respected and valued benchmark for Z mainframe knowledge and skills in the global mainframe computing industry.

Ed Jaffe, Chief Technology Officer at Phoenix Software International, said, “Our JES3plus team really enjoyed partnering with Interskill. In doing so, we learned first-hand why they’re considered the de facto source for mainframe training globally. Interskill’s talented course developers did a great job of tapping our decades of JES3 knowledge to create an e-learning curriculum that serves as a solid foundation for mainframers working in JES3plus shops.”

Darren Surch, COO of Interskill Learning, said, “JES3 is critical to many mainframe organizations and this collaboration with Phoenix Software lets us harness their team’s remarkable depth and breadth of knowledge to provide quality, insightful, on-demand training on the important JES3plus product. We are excited to include this exceptional course in Interskill’s extensive online mainframe training curriculum.”

About Interskill Learning

Interskill Learning (https://www.interskill.com) is a leading provider of IBM Z mainframe training. The company develops, delivers and supports the broad array of modern Z mainframe workforce training components that deliver year-round, global, broad-spectrum mainframe training to mainframe personnel.

About Phoenix Software International

Phoenix Software International, Inc., (https://www.phoenixsoftware.com/) is a systems software development company providing advanced software applications to enterprises around the globe. The company offers a wide range of solutions to modern business challenges.

Press contact:
(310) 338-0400
news@phoenixsoftware.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/83dce5bd-f9bf-4b6b-bf5e-e65a101cc0cd

The photo is also available via AP PhotoExpress.

Chargebee Raises Another $250M to Meet Surging Demand from Growing Subscription and SaaS businesses

Funding led by Tiger Global and Sequoia more than doubles valuation to $3.5B in just 9 months

SAN FRANCISCO, Feb. 01, 2022 (GLOBE NEWSWIRE) — Chargebee, the leading subscription management platform, today announced the closing of a $250 million investment round co-led by Tiger Global and Sequoia Capital, along with returning investors including Insight Partners, Sapphire and Steadview Capital. This round follows a previous round in April raising $125 million at a $1.4 billion valuation, bringing the total investment in the company to $470 million.

More businesses are becoming or being born as recurring revenue businesses. UBS financial services firm predicts that this “subscription economy” will grow to $1.5 trillion by 2025, more than doubling its current $650 billion estimate. As the market grows, so does the opportunity for Chargebee’s global customer base. The new round of funding will be used towards product innovation and global expansion to support the billing and revenue needs of current and future subscription businesses, as well as strategic corporate growth initiatives.

“We built Chargebee to solve infrastructure issues facing high-growth subscription businesses with a product roadmap laser focused on replacing in-house systems orchestrating the complex parts of revenue intelligence like billing and payments. As subscription offerings continue to rapidly evolve, our focus remains on providing a flexible growth engine to power, capture and understand revenue, all in real time,” said Krish Subramanian, CEO and co-founder of Chargebee. “This round of funding will drive innovation to empower the next generation of businesses leveraging subscription billing models to quickly start, scale and transform.”

Chargebee manages revenue operations for subscription-based businesses ranging from early-stage startups to larger enterprises, including Freshworks, Calendly, Doodle and Pret a Manger. Through simple and seamless integrations, Chargebee captures the entire revenue lifecycle from first interaction to the closing of the books each month, empowering teams to make business growth decisions with confidence.

“We believe every company will be a subscription company in the future. The predictability of a subscription business model is extremely attractive, and Chargebee is the leading revenue management partner for the subscription economy. Its platform offers customers a real-time 360-degree view into revenues and user behavior and the intelligence they can use to quickly adapt and make better business decisions. Sequoia’s investment reflects the growing market need and belief in the Chargebee team,” said Tejeshwi Sharma, MD, Sequoia India.

The company recently expanded offerings to build a unified revenue management platform with strategic acquisitions of leaders in revenue recognition (RevLock) and churn deflection and retention (Brightback). In the last year, the platform also added capabilities to optimize revenue growth with new payment methods and gateways, support for one-time payments to meet local tax and e-voicing regulatory and compliance requirements, enhanced reporting and analytics and updated integrations with ERPs (Netsuite and Microsoft Dynamics) and CRMs (Hubspot and Zoho) to support more complex sales motions. The company has also expanded globally with new offices and investments in Australia and India and partnerships with industry leaders including GoCardless, Salesforce, Hubspot and PayPal.

About Chargebee

Chargebee is the subscription management platform that automates revenue operations of over 4,000 subscription-based businesses from startups to enterprises. The SaaS platform helps subscription businesses across verticals, including SaaS, eCommerce, e-learning, IoT, Publications, and more, manage and grow revenue by automating subscription, billing, invoicing, payments, and revenue recognition operations and provides key metrics, reports, and business insights. Founded in 2011, Chargebee counts businesses, like Okta, Freshworks, Calendly, and Study.com amongst its global customer base. Learn more about Chargebee at www.chargebee.com

Media Contact
Penny Desatnik
penny@chargebee.com