PORTLAND, OR, Jama Software, the leading product development platform provider for building complex products and integrated systems, today announced a $200 million growth equity investment.
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The round was led by Insight Venture Partners with participation from Madrona Venture Group. The investment will propel Jama's long-term global growth and drive the expansion of the Predictive Product Development software category.
"Traditional product development processes and tools are not keeping up with the growing complexity of creating new breakthrough products. Jama gives product development organizations a single platform, enabling customers to realize revenue potential faster and achieve an ongoing competitive advantage," said Scott Roth, Jama Software CEO. "The investment from Insight Venture Partners will speed our product roadmap, as well as support ongoing global expansion."
The Jama Product Development Platform is the most comprehensive solution for guiding the strategic and operational aspects of product development for complex industries. The platform brings value to the entire development process -- from requirements management to providing a combined workflow, content management and analytics solution that overlays all other tools and processes to govern and predict current and future product development. From idea to launch to strategic decision-making about the next innovation, Jama is setting a new standard for mitigating risk, improving quality and accelerating time to market.
"Product development organizations are facing the challenges of increasing complexity, regulation, and cross-functional collaboration, putting pressure on outdated tools and processes. Jama is enabling the world's most innovative companies to compete and win in the digitally converged future," said Richard Wells, Managing Director at Insight Venture Partners. "We are excited to partner with Jama to bring this vision to fruition and further advance the company's strategic goals."
The investment comes as Jama closed out a record-breaking fiscal year. Highlights include:
80% annual growth in adoption of Jama's platform by market-leading product development organizations across every industry, including Wells Fargo, NASA Kennedy Space Center, Qualcomm, Eli Lilly, Roche, Canon, Caterpillar, and Jabra;
Significant feature enhancements to the Company's flagship Jama Connect product, including Live Traceability, which connects test plan and result details to requirements, as well as an easily accessible Review Center;
Jama's acquisition of Notion - a business intelligence platform purpose-built for product development teams - recently relaunched as Jama Analyze;
The one-year anniversary of Jama's European HQ in Amsterdam and the addition of key executive leaders in engineering, business development and marketing.
About Insight Venture Partners
Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $18 billion and invested in over 300 companies worldwide. Our mission is to find, fund and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. Across our people and our portfolio, we encourage a culture around a core belief: growth equals opportunity. For more information on Insight and all its investments, visit www.insightpartners.com or follow us on Twitter @insightpartners.
About Jama Software
Jama Software is a leading product development platform provider for companies building complex products and integrated systems. The Jama Product Development Platform helps companies establish a Predictive Product Development process -- to mitigate risk, improve quality, identify opportunities and decrease time to market -- via an integrated solution for guiding the product lifecycle from idea to launch. More than 600 innovative companies use Jama Software to modernize their product development process. The company is headquartered in Portland, Ore. To learn more, visit www.jamasoftware.com.