enosiX Secures $4.2M in Series B Funding to Fuel Growth
Round Led by Capital Midwest Fund to Support Expansion of Company's Unique Solutions for the Enterprise
CINCINNATI, Dec. 4, 2018 /PRNewswire/ -- enosiX, Inc., an innovative provider of next-generation solutions that enable real-time process integration and automation between Salesforce and SAP®, announced today the close of a $4.2M Series B funding round led by Wisconsin-based Capital Midwest Fund. Existing investors Allos Ventures, Mutual Capital Partners, and JumpStart, Inc. also participated in the round, and Alvin Vitangcol of Capital Midwest Fund joined enosiX's Board of Directors.
"As global organizations increasingly recognize the growing importance of improving customer experience by investing in CRM, they will undoubtedly face the challenge of harmonizing these applications with back-end systems," said Alvin Vitangcol of Capital Midwest Fund. "enosiX is primed to disrupt the status quo when it comes to integration, and we're excited to be a part of that."
enosiX will use the proceeds to expand its sales team; meet the growing demand for its solutions; and expand its current integration offerings from Salesforce Sales Cloud, Service Cloud, CPQ, and Community Cloud to also include MuleSoft Anypoint Platform, Commerce Cloud and Salesforce Billing; as well as increase its investment into the continued development of its technology to address integration challenges with other enterprise software platforms.
"We speak to enterprise IT leaders every day who have made significant investments in Salesforce and SAP, but have struggled to effectively integrate the two solutions," said Gerald Schlechter, CEO and President of enosiX. "The team at enosiX is laser-focused on delivering a market-leading Salesforce/SAP interface that integrates and automates enterprise business process, and enables the full value of the Salesforce and SAP offerings."
enosiX, founded in 2014, provides a real-time process integration and automation technology that interfaces Salesforce and SAP to unlock data and business processes, without middleware or ETL tools. Among other important benefits, the technology features harmonization of CPQ and SAP Variant Configuration without replicating price books or configurations.
Based in Cincinnati, Ohio, the company has experienced 138% growth in bookings year over year, and more than 100 enterprises are now utilizing the enosiX framework.
For more information, please visit www.enosix.com.
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About enosiX
enosiX is the most innovative provider of unique, next generation solutions that enable real-time, intelligent integration between SAP and front-end platforms, including Salesforce. Our products were created by former SAP and Salesforce executives who were tired of doing things "the old way" and had a vision for more intelligent integration. Our framework integrates and automates complex business processes across boundaries without coding, resulting in lightning-fast implementation and immediate value for the enterprise.
Contact
enosiX, Inc.
Kylie McKlveen
[email protected]
SOURCE enosiX
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