REDWOOD CITY, Calif., July 26, 2016 /PRNewswire/ -- Tidemark, the market-leading provider of modern cloud business planning and enterprise analytics apps, today announced the completion of a new investment from Marlin Equity Partners, a global investment firm with over $3 billion of capital under management. The additional capital from Marlin will be used to accelerate expansion into new geographies and markets, building on Tidemark's success to date with over 30 new go-lives and annual recurring revenue growth of over 100% in the last year.
"We sought a global firm that has a history of supporting companies with industry changing, first-to-market technologies," said Christian Gheorghe, Founder and CEO of Tidemark. "Marlin shares our vision of helping companies better manage their businesses through innovative, next-generation technology. We couldn't be more pleased to find such a complimentary partner."
With scalable, high-performance computing capabilities that serve as the foundation for big data finance and predictive analytics, Tidemark leads the next-generation of enterprise performance management (EPM) for global enterprises such as Acxiom Data Corp., Stanford University, Veolia and Bluelink (an Air France-KLM Company). Offering the industry's only non-cube oriented, pure-cloud platform that can transform an organization's financial and operational planning processes by enriching FP&A, the company's apps handle in-memory calculations 10x faster than other solutions in the market due to the platform's advanced architecture and modeling engine.
"This was a unique opportunity to partner with an exciting company in a complex and fast-moving market. Marlin has gained significant experience and success to date investing in the EPM space, and we are excited to support Tidemark and work together to accelerate this new phase of growth," said Shawn McMorran, a partner at Marlin. "Large enterprises are undergoing massive change in how they make decisions about their businesses, and we believe Tidemark offers an unparalleled solution for its customers around the globe."
Tidemark is a new breed of enterprise performance management (EPM) software with its modern cloud and mobile-first design. Innovative brands like ENGIE Group, Valspar, La Quinta Holdings, AAA, Brown University, and HubSpot rely on the Tidemark platform and advanced analytics cloud to sharpen decision-making, reduce risk and improve business performance. Using Tidemark's unique, intuitive apps, decision-makers across the organization gain access to valuable data, deep analytics capabilities, real-time collaboration, and actionable visualizations from any device. To learn more about Tidemark, please visit www.tidemark.com or follow us on Twitter @TidemarkEPM.
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $3 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company's outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 100 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.