BROWZ Attracts $10 Million Investment to Accelerate Growth and Ongoing Global Expansion Strategy
Supply Chain Qualification and Risk Management Leader, BROWZ has received an investment of $10 Million from a new private investor to accelerate global growth initiatives.
SALT LAKE CITY, May 11, 2015 /PRNewswire/ -- BROWZ, a leading provider of supply chain risk management solutions, has received an investment of $10 Million intended to accelerate their global growth initiatives. With revenue increasing 4x since 2011, BROWZ has continued to invest heavily in service, technology, and global expansion.
Founded in 2002, BROWZ provides a configurable software-as-a-service (SaaS) solution, to assist a diverse global clientele with the qualification and management of their complex supply chains. Today, BROWZ supports more than 2,500 sites, in 33 industry verticals, across 10 countries with a rapidly growing client base. BROWZ provides localized support from operational offices in Salt Lake City, New York, Toronto, London, Sydney, Perth, and Dusseldorf.
In addition to their core supply chain qualification product, BROWZ empowers enterprise organizations with workforce management tools, supply chain auditing and contractor financial assessments. Last month, BROWZ announced a new mobile strategy that improves the delivery of this data to employees working in the field, increasing efficiency and improving contractor and client communication.
"This significant equity investment will further accelerate our remarkable growth story," says Elaine Beitler, BROWZ CEO. "The demand for BROWZ supply chain risk management continues to grow significantly each year. We are leading the industry with innovative solutions that improve the quality of supply chain prequalification. This investment will accelerate the advancement of technology which will improve the way global organizations manage their contractors. In partnership with our clients, we can improve the quality of information, and ultimately lower risk and improve safety for all of our global clientele."
Financial Technology Partners LP and FTP Securities LLC (together "FT Partners") served as exclusive strategic and financial advisors to BROWZ and its Board of Directors.
About BROWZ:
BROWZ ensures that supply chains are safe, qualified, and socially responsible by delivering a comprehensive solution to prequalify, assess, and monitor supply chain compliance based on the unique needs of your business. BROWZ provides comprehensive assessments using patented, configurable technology and expertise, resulting in the site operator's confidence of a safer work environment for clients and supply chains around the world. The BROWZ product suite addresses global supply chain needs related to qualifying your supply chain, addressing risk, managing employee-level data, conducting safety auditing, and sourcing new suppliers.
Contact: Brett Armstrong, [email protected]
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