Latin America's Largest Enterprise Software Company TOTVS Leads Series D
Investment in GoodData; GoodData to Expand Into $9 Billion
Latin American Enterprise Software Market
SAO PAULO, BRAZIL and SAN FRANCISCO, CA -- (Marketwired) -- 06/12/13
-- TOTVS Ventures, the investment arm of TOTVS S.A. (BM&FBOVESPA:
TOTS3), the largest enterprise software company in Latin America* and
the sixth-largest enterprise software company in the world*, today
announced that it is leading a $22 million Series D Investment in
GoodData(R). GoodData is a San Francisco-based provider of
cloud-based big data analytics platform and applications.
TOTVS Ventures joins existing GoodData investors Andreessen Horowitz,
General Catalyst Partners, Next World Capital and Tenaya Capital, who
also participated in the latest round. This marks the beginning of
TOTVS Ventures' investments outside Brazil.
As part of the agreement, GoodData gains access to the $9 billion
Latin America software market through TOTVS's distribution channel in
24 markets throughout the region. The partnership provides TOTVS with
exclusive access to GoodData's powerful Big Data platform in Latin
America, delivering maximum value for both companies.
"By combining GoodData's intuitive analytics with our market-leading
enterprise software, we are creating the cloud analytics leader in
Latin America and giving access to Big Data solutions to our clients
in Latin America," said Alexandre Dinkelmann, executive vice
president of strategy and finance at TOTVS. "We see enormous benefit
for TOTVS's customers, who now have access to the most innovative and
advanced business intelligence platform."
GoodData is an on-demand business intelligence service that lets
business people turn data into immediate advantage. Customers can
clearly understand and tell the compelling, factual stories their
team needs to win. Designed for business users, business analysts and
IT professionals, GoodData delivers self-service dashboards and
reports, advanced tools for building custom metrics, proven scale and
security, and no hardware or software to integrate or manage.
"We founded GoodData as a cloud company because cloud has no barriers
to scale or new markets," said Roman Stanek, founder and CEO of
GoodData. "We're now taking GoodData to the next step: leveraging
TOTVS's dominant position in the region to extend our U.S. leadership
to the $9 billion Latin America software market."
The global partnership builds on GoodData's success in the United
States. In the first quarter of this year, GoodData tripled revenue
and added marquee customers including Comcast Cable, Lenovo,
Switchfly and Universal McCann. Founded in 2007, GoodData has 20,000
active clients and 51 "PoweredBy" partners, which embed its on-demand
business intelligence platform into their services. The funding will
enable GoodData to hire employees, expand into new markets in Latin
America, and increase investments in R&D and marketing.
This latest round raises GoodData's total funding to $75.5 million.
TOTVS's Alexandre Dinkelmann will join GoodData's board of directors.
About TOTVS and TOTVS Ventures
TOTVS is the largest enterprise
software, services and technology company in Brazil and Latin
America. The company is the sixth largest developer of integrated
management systems software globally and the first information
technology company in Latin America to go public. TOTVS was founded
in 1983 and is headquartered in Sao Paulo.
TOTVS provides enterprise resource planning (ERP), business
analytics, customer relationship management (CRM,) human capital
management (HCM) and collaboration software that help small,
medium-sized and large businesses boost efficiency and productivity.
TOTVS offers a wide portfolio of solutions that are optimized to take
advantage of mobile and social innovation that have been tailored to
meet the specific needs of several markets, including agribusiness,
construction, distribution and logistics, education, financial
services, legal, manufacturing, health, services and retail. In
addition, TOTVS provides consulting and integration services that
include business process optimization and cloud computing solutions.
TOTVS Ventures is the Corporate Venture arm of TOTVS, built to
leverage value creation from investments in high growth companies
with potential synergies with the operating company. TOTVS Ventures
was created in mid 2012 and began its operations in January 2013 with
an investment in uMov.me, a Brazilian startup that offers a mobile
platform for non-developers.
GoodData provides a cloud-based platform and apps
that are enabling more than 20,000 global clients to monetize big
data. Headquartered in San Francisco, GoodData is backed by
Andreessen Horowitz, General Catalyst Partners, Fidelity Growth
Partners, Next World Capital, Tenaya Capital, TOTVS Ventures, and
Windcrest Partners. For more information, read our blog, visit our
website and follow @gooddata on Twitter.
* Source: Gartner - "All Software Markets, Worldwide, 2012."
For TOTVS, please contact:
For GoodData, please contact:
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