Tracxn - ERP Startup Landscape

Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - ERP - Feb 2018
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
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Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on February 25, 2018.
ERP Feed Summary
4
ERP > Feed Summary
Enterprise resource planning software- a suite of integrated applications that an organization can use to collect, store,
manage, and interpret data from multiple business activities.
• Inclusions: Company that provides cloud-based
or/and on-premise integrated business management
solution for generic/particular industry sharing a
central database. Also includes companies that
provides end to end business management application
to small and medium businesses.
• Exclusions: Companies that provides ERP
consultancy, implementation, testing and maintenance
services. Also excludes company that develops point
based business applications.
• Excludes funding information of Chinese companies Feed in Numbers
Overview
$4B
Funding
47
Mega
Companies
2192280
FundedCovered on
Tracxn
11
Unicorns
16
Soonicorns
12
Minicorns
26
IPO’d Cos
81
Late Stage Cos
38
27
Acquisitions
38
DeadPooled
83
Acquihired
Series A+ Cos
Infor
(2002, New York City, $2B)
Epicor
(1972, Austin, $20M)
SAP
(1972, Walldorf)
Top Companies

Investment Trend Summary
Summary of Funding Activity in ERP
5
$2B - PE
Infor (2002, New York City, $2.0B)
$7.4M - Series B
Bexio (2008, Rapperswil, $12M)
$166M - Series D
Lightspeed POS (2005, Montreal, $292M)
$2M - Seed
CropIn Technology Solutions (2010,
Bangalore, $2M)
$20M - Series A
Restaurant365 (2011, Irvine, $20M)
$1.9M - Series B
Vinculum Solutions (2007, Noida, $12M)
$11.5M - Series C
Kenandy (2010, Redwood City, $55M)
$1.3M - Series A
Hotelogix (2008, Noida, $5M)
$11M - Series C
Brightpearl (2007, Bristol, $36M)
$515k - Seed
Wayman (2011, Gdansk, $515K)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
ERP > Feed Summary > Investment Trend Summary
Seed Almi (#1), Altos Ventures Capital (#1), Ankur Capital (#1)
Series A/B
Allos Ventures (#1), ARMADA Investment (#1), Arsenal Venture
Partners (#1)
Series C+
Battery Ventures (#2), Accel-KKR (#1), Caisse de depot et
placement du Quebec (#1)
Incubators 500 Startups (#4) Alchemist Accelerator (#1) Amrita TBI (#1)
Other Notable
Investors
Level Equity (#2), Main Street Capital (#2), Technology Crossover
Ventures (#2)
Debt Investors
Silicon Valley Bank (#3), Lighter Capital (#2), Columbia Lake
Partners (#1)
Most Active InvestorsRecent Investments
125 130
161
151
106
37
2012 2013 2014 2015 2016 2017
Y-o-Y # of Companies Founded 27 15 32 30 27 20
$208M
$80M
$269M $309M
$37M
$2.2B
2012 2013 2014 2015 2016 2017
$ Funding # Rounds
$3.3B
$316M
$273M
$23.3M
$7.7M
US
Canada
Europe
India
SEA
$ Funding

Summary of exit outlook in ERP
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Hummer Winblad
Venture Partners
2
Intacct (1999, San Jose, $95.8M)
Extensity (2005, Toronto, $14M)
Split Rock Partners 2
Lawson Software (1975, Paul, $40M)
Hellman & Friedman 2
TeamSystem (1979, Pesaro)
Ellucian (1968, Fairfax)
Marlin Equity
Partners
2
Solarsoft (1986, Richmond Hill)
Changepoint (1994, Richmond Hill)
Seed Forum 1 24SevenOffice (1997, Oslo, $2M)
Dec 2016 Deltek Acq by Roper Tech for $2.8B
Nov 2016 NetSuite Acq by Oracle for $9.3B
Aug 2015 Ellucian Acq by TPG for $3.5B
Mar 2014 Unit4 Acq by Advent International for $1.6B
Apr 2011 Lawson Software Acq by Infor for $2.0B
May 2006 SSA Global Technologies Acq by Infor for $1.4B
Jun 2003 J.D. Edwards & Company Acq by Peoplesoft for $1.7B
ERP > Feed Summary > Exit Outlook Summary
Infor 4
Lawson Software (Apr 2011, $2B), SSA Global
Technologies (May 2006, $1.4B), Geac Computer
Corporation (Mar 2006, $1B)
Epicor 2 NSB Group (Dec 2007, $322M), Solarsoft (Sep 2012, $155M)
Oracle 1 NetSuite (Nov 2016, $9.3B)
Microsoft 1 Navision (May 2002, $1.3B)
Kohlberg Kravis
Roberts
1 Epicor (Sep 2016)
Recent IPOs Top Acquisitions
Sage Group Jun 2013
Accounting, HR and ERP solutions for SMEs…
IPO MCap: - Current MCap: -
Workday Oct 2012
Human Resources and Financial Management…
IPO MCap: - Current MCap: $4.5B
TOTVS Mar 2006
ERP solution for range of industries and…
24SevenOffice Aug 2005
SaaS based ERP for SMBs
Extensity Oct 2015
Financial performance management software…
MYOB May 2015
Business management solutions provider.
CDK Global Sep 2014
Information technology and digital market…
Just planning Jul 2013
Business management application for resta…

Marketmap: ERP
ERP > Feed Summary > BlueBox
7

Key Sub Sectors in ERP Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Multi-Industry >
SMB-Focused 407 $12.5M 9
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Multi-Industry
Companies that develop ERP software for enterprises
and SMB's across multiple sectors...
897 83 $3B
Retail
Companies that develop ERP software for the retail
industry
215 22 $428M
Manufacturing
Companies that develop ERP software for
manufacturers
344 31 $252M
Professional Services
Companies that develop ERP software for professional
services individuals and agencies...
117 21 $155M
Waste Management & Recycling
Companies that develop ERP for wastewater
management and the recycling industry
26 1 $103M
Hospitality
Companies that develop ERP software for the
hospitality industry
65 11 $35.7M
Agriculture
Companies that develop ERP software for the
agricultural industry
31 9 $21.3M
ERP > Feed Summary > Summary of Key Markets

List of Notable Companies in ERP
Notable Companies in the Sector (1/2)
9
Note: *(Founded Year, Location, Total Funding)
ERP > Feed Summary > Notable Companies in the Sector
Public
Workday
(2005, Pleasanton, $267M)*
QAD
(1979, Santa Barbara)
TechnologyOne
(1987, Valley)
Extensity
(2005, Toronto, $14M)
24SevenOffice
(1997, Oslo, $2M)
Cegid
(1983, New York City, $900k)
Ramco
(1997, Chennai)
SAP
(1972, Walldorf)
TOTVS
(1983, Sao Paulo)
Tyler Tech
(1966, Plano)
Public
MYOB
(1991, Glen Waverley)
Altec
(1986, Athens)
American Software
(1970, Atlanta)
Axionsys Technology
(1996, Dubai)
Just planning
(1994, Tokyo)
Simple
(1988, Warsaw)
CDK Global
(1972, Hoffman Estates)
Comarch
(1993, Krakow)
EDP
(1965, Sheffield)
Entersoft
(2002, Athens)
Public
Entersoft
(2002, Athens)
ILYDA
(1992, Athens)
Logo Yazılım
(1984, Gebze)
Sage Group
(1997, Newcastle Upon Tyne)
Sanderson
(1983, Coventry)
Synergy Resources
(1992, Central Islip)
Acquired
NetSuite
(1998, San Mateo, $220M)
Ellucian
(1968, Fairfax)
Deltek
(1983, Herndon, $107M)
Lawson Software
(1975, Paul, $40M)
J.D. Edwards &
Company
(1977, Denver)
Unit4
(1980, Sliedrecht)
SSA Global
Technologies
(1981, Chicago)
TeamSystem
(1979, Pesaro)
Navision
(1985, Vedbaek)
Acquired
Geac Computer
Corporation
(1971, Toronto)
Exact
(1984, Delft)
Intacct
(1999, San Jose, $95.8M)
proALPHA
(1992, Weilerbach)
Mapics
(1977, Alpharetta)
NSB Group
(1995, Reading)
Acceo
(1988, Montreal)
CAM Commerce
Solutions
(1983, Fountain Valley)
Solarsoft
(1986, Richmond Hill)

List of Notable Companies in ERP
Notable Companies in the Sector (2/2)
10
ERP > Feed Summary > Notable Companies in the Sector
Acquired
Changepoint
(1994, Richmond Hill)
Unicorns
Infor
(2002, New York City, $2B)
Epicor
(1972, Austin, $20M)

List of Notable Companies by Market in ERP
Notable Companies by Market (1/8)
12
ERP > Feed Summary > Notable Companies by Market
Multi-Industry
Enterprise
Infor (2002, New York City, $2B)
Business Applications provider for the enterprise
Unicorn. Stage: Acquired
Koch Equity Development, Golden Gate Capital,
Summit Partners and 3 Other Investors
Workday (2005, Pleasanton, $267M)
Human Resources and Financial Management Suite
Unicorn. Stage: Public
T. Rowe Price, Morgan Stanley, Bezos Expeditions
and 6 Other Investors
FinancialForce (2009, San Francisco, $194M)
Cloud ERP solutions provider
Soonicorn. Stage: Series D
Technology Crossover Ventures, Salesforce, Advent
International and 1 Other Investors
Enterprise
Deltek (1983, Herndon, $107M)
ERP offering for governments and project-driven
organizations
Prospect Street Ventures, Quilvest Private Equity,
New Mountain Capital and 1 Other Investors
Generic ERP software vendor
TA Associates Management, St. Paul Venture
Capital, Split Rock Partners
Epicor (1972, Austin, $20M)
Business software solutions
CPP Investment Board, Trident Capital, Coral
Capital and 4 Other Investors
Enterprise
Financial performance management software
Stage: Public
J.D. Edwards, Visa, Lehman Brothers and 7 Other
Investors
Ramco (1997, Chennai)
SaaS solutions in ERP, HCM, SCM, CRM and
software for aviation industry
Soonicorn. Stage: Public
HDFC Asset Management Company, Axis Mutual
Fund, JOHCM-USA and 1 Other Investors
SAP (1972, Walldorf)
Enterprise application software
Editor's Pick. Stage: Public
Quest for Growth, Momenta Partners
TOTVS (1983, Sao Paulo)
ERP solution for range of industries and companies
Editor's Pick. Stage: Public
Venture Partners do Brasil

13
Multi-Industry
Enterprise
Oscar (2005, Tampere)
Business management applications for enterprises
Soonicorn. Stage: Unfunded
Altec (1986, Athens)
Business management application for medium sized
enterprises
Stage: Public
Axionsys Technology (1996, Dubai)
Cloud-based ERP solution
Stage: Public
Simple (1988, Warsaw)
ERP software to support production companies
Stage: Public
Comarch (1993, Krakow)
Software solutions for IT enterprises
Stage: Public
Entersoft (2002, Athens)
Integrated business software
Stage: Public
Enterprise
Geac Computer Corporation (1971, Toronto)
Infor Enterprise Software Solutions for CRM, ERP,
SCM, EAM & More
Stage: Acquired
Logo Yazılım (1984, Gebze)
Largest ERP provider for SMEs in Turkey
Stage: Public
Mediterra Capital, Diffusion Capital Partners
Sanderson (1983, Coventry)
ERP for discrete manufacturing and food &
beverage industries
Stage: Public
Solarsoft (1986, Richmond Hill)
ERP for discrete manufacturing and distribution
and wholesale management
Stage: Acquired
Marlin Equity Partners
TechnologyOne (1987, Valley)
Largest software solution provider in Australia
Stage: Public
SMB-Focused
NetSuite (1998, San Mateo, $220M)
Cloud Based SaaS Business Management Software
suite
StarVest Partners, ADP, Meritech Capital Partners
and 1 Other Investors
Acumatica (2007, Kirkland, $23.3M)
Cloud and on-premise ERP, CRM and Financial
Software for SMEs
Soonicorn. Stage: Series C
Myob, Runa Capital, Almaz Capital and 2 Other
Investors
24SevenOffice (1997, Oslo, $2M)
Stage: Public
Seed Forum
J.D. Edwards & Company (1977, Denver)
ERP software for SMBs

14
Multi-Industry
SMB-Focused
MYOB (1991, Glen Waverley)
Bain Capital Private Equity, VantEdge Partners,
HarbourVest Partners
Exact (1984, Delft)
ERP and accounting software provider for SMBs
Stage: Acquired
ERP software for SMBs in South-East Europe and
Middle-East
Stage: Public
Navision (1985, Vedbaek)
Integrated business software solution for SMBs
Stage: Acquired
Sage Group (1997, Newcastle Upon Tyne)
Accounting, HR and ERP solutions for SMEs
Stage: Public
American Express, Ratan N Tata, Insight Venture
Partners and 1 Other Investors
Cloud ERP, Financial management and Accounting
Applications
Soonicorn. Stage: Acquired
Silicon Valley Bank, Battery Ventures, Bessemer
Venture Partners and 9 Other Investors
TeamSystem (1979, Pesaro)
ERP software for micro and small businesses
HgCapital, Hellman & Friedman, Palamon Capital
Partners
Unit4 (1980, Sliedrecht)
ERP solutions for people- or service-based
organizations
Sageview Capital, Western Technology Investment
Changepoint (1994, Richmond Hill)
PSA and PPM solutions
Stage: Acquired
Marlin Equity Partners, BEST Funds
Retail
Suite
SaaS based Retail Management Software and
eCommerce platform
Caisse de depot et placement du Quebec,
Investissement Quebec, Inovia Capital and 4 Other
Investors
Cegid (1983, New York City, $900k)
Cloud-based software to allow merchants carry out
omni-commerce
Soonicorn. Stage: Public
Silver Lake, AltaOne Capital, Gemmes Venture and 2
Other Investors
CAM Commerce Solutions (1983, Fountain
Valley)
Suite solutions for retailers
Soonicorn. Stage: Acquired
EDP (1965, Sheffield)
ERP software solutions for merchants &
distributors
Stage: Public

15

16

17

18

19

Notable Companies in the Sector in China
20
ERP > Feed Summary > Notable Companies in the Sector in China

Recent News in ERP Sector
Recent News
21
ERP > Feed Summary > Recent News
Feb 2018 SAP Offers Three New GDPR Compliance Tools, MediaPost
Feb 2018
Winshuttle Releases Latest Version of Product Suite, Providing New
Functionality and Certified Integration with SAP S/4HANA 1709 ,
PRWeb
Feb 2018
American Software Reports Preliminary Third Quarter of Fiscal
Year 2018 Results, Business Wire
Feb 2018 Infor launches Networked Order Management, ITP
Feb 2018
SAP intros FlexBen employee benefit structure in India, Enterprise It
World
Feb 2018 Infor Launches Healthcare Enterprise Analytics, PR Newswire
Feb 2018
ITOrizon Inc partners with Ramco Systems to Offer Next-Gen
Integrated Supply Chain Solutions, PressReleasePoint
Feb 2018
ClickSoftware to Join SAP at Mobile World Congress to Demo New
Predictive Field Service Capabilities, PR Newswire
Feb 2018 SAP hikes dividend payout to at least 40 percent of profit, Reuters
Feb 2018
Tyler Technologies Reports Earnings for Fourth Quarter 2017,
Business Wire
Feb 2018
Priority Software Chooses Microsoft to Support Global Cloud ERP
Customers on Azure, PR Newswire
Feb 2018 CGS Named to the 2018 Global Outsourcing 100, Citybizlist
Feb 2018
Constellation HomeBuilder Systems Transforms Homebuyer
Experience with Technology Automation, PRWeb
Key Recent News Key Recent News
Feb 2018 Unit4 Strengthens Higher Education Leadership Team, Business Wire
Feb 2018 New To The Market: 19-23 February 2018, Recruiter
Feb 2018
DEACOMs Specialization Drives Miller Chemical & Fertilizer to
Strengthen International Business, PressReleasePoint
Feb 2018
As Cloud Surpasses License Revenue In 2018, 10 Strategic Insights,
Forbes
Feb 2018
SAP introduces Business Integrity Screening Solution to reduce
risks in financial transactions, CIO East Africa
Feb 2018 DDI System Named “Top ERP Vendor to Watch in 2018”, PHCP Pros
Feb 2018
IQMS Welcomes Manufacturing Software Solutions Provider
EFIDEX Company to its Global Partner Network, PressReleasePoint
Feb 2018 TechnologyOne accused of bullying, again, ARN
Feb 2018
Kimble Customers Rank on 11th Annual SPI Research Best-of-the-
Best List, PRWeb
Feb 2018
Epicor Appoints Colleen Langevin as Chief Marketing Officer, PR
Newswire
Feb 2018
Sanderson Revenue Boosted By Anisa Acquisition, Confident On
Progress, London South East
Feb 2018
SAP and Schneider Electric aim to optimize energy utilization in
data centers, DataCenterNews
Feb 2018
MYOB opens new office in Chch with co-working space for startup
customers, bizEDGE

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
22
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

$47M $56M
$208M
$80M
$269M $309M
$37M
$2.2B
0
5
10
15
20
25
30
35
$0k
$500M
$1.B
$1.5B
$2.B
$2.5B
2010 2011 2012 2013 2014 2015 2016 2017
$ Funding # Rounds
3 Year CAGR
6 Year CAGR
Investments ($M) and number of rounds in ERP; 2011-2017
Global Funding Trends (1/2)
23
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
ERP > Investment Trends > Global Funding Trends
#Rounds
$Funding
4% $ Funding
23% $ Funding
7% # of Rounds
22% # of Rounds

$3M $1M $8M $178K $5M $7M $9M $3M
$29M $37M
$94M
$70M
$102M
$36M
$3M
$30M
$15M $18M $106M $10M $162M $265M $25M $2.2B
2010 2011 2012 2013 2014 2015 2016 2017
Seed Early Stage Late Stage
6 7 13 4 13 11 16 8
10
8
10
8
12
10
4
9
2 4 4 3 7 9 7 3
2010 2011 2012 2013 2014 2015 2016 2017
Seed Early Stage Late Stage
18
20
Total # of Rounds
$0K $0K
$159M
$33M
$197M $262M
$0K
$2.2B
0
1
2
3
4
5
6
0
500000000
1E+09
1.5E+09
2E+09
2.5E+09
2010 2011 2012 2013 2014 2015 2016 2017
$ Funding # of Rounds
24
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded ClubMega Rounds
Global Funding Trends (2/2)
Investments ($M) and number of rounds in ERP; 2011-2017
ERP > Investment Trends > Global Funding Trends
9
13
5
12
13
13
7 72
$1.7M
$1.0M
$0.0M
$0.5M
$1.0M
$1.5M
$2.0M
$2.5M
$3.0M
0
10
20
30
40
50
60
70
80
2001-2011 2012 2013 2014 2015 2016 2017 Total
Entrants in Funding Club Avg. Ticket Size
- - 3 1 5 4 - 2 $1.7M $2.8M $0M $0.7M $1.5M $0.6M $0.1M $1M
$47M
$2.2B
Total $ Invested

ERP > Investment Trends > Funding Trends by Geography
Funding Trends by Geography

ERP > Investment Trends > Median Deal Size and Trend
Median Deal Size and Trend

ERP > Investment Trends > Distribution of companies by Funding Range
Distribution of companies by Funding Range

ERP > Investment Trends > Funding Funnel
Funding Funnel

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
ERP > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in ERP; Feb 2016-Feb 2018
Notable Investments in last 24 months (1/2)
LATE STAGE
$2B - PE Feb 2017
Koch Equity Development
$166M - Series D Oct 2017
SaaS based Retail Management Software and
eCommerce platform
Caisse de depot et placement du Quebec,
Investissement Quebec, Inovia Capital, Silicon Valley
Bank
$11.5M - Series C Mar 2016
Cloud ERP application provider for product planning
and manufacturing
KPCB, Salesforce, Lightspeed Venture Partners
PE Jun 2016
CPP Investment Board
LATE STAGE
PE Apr 2016
Cegid (1983, New York City, $900k)
Cloud-based software to allow merchants carry out
omni-commerce
Silver Lake, AltaOne Capital
EARLY STAGE
$20M - Series A Jan 2018
ERP solution for restaurants.
Bessemer Venture Partners
$7.4M - Series B Feb 2017
Bexio (2008, Rapperswil, $12.2M)
Online business management software for SMBs
Swisscom, Redalpine, ARMADA Investment
$1.9M - Series B Mar 2017
Vinculum Solutions (2007, Noida, $11.8M)
Fulfillment SaaS for eCommerce and offline
businesses
IvyCap Ventures, Accel Partners, RB Investments
$1.3M - Series A Dec 2016
Hotelogix (2008, Noida, $4.9M)
Hotel Property & Booking Management Software
Vertex Ventures, Accel Partners, Saama Capital

ERP > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in ERP; Feb 2016-Feb 2018
Notable Investments in last 24 months (2/2)
EARLY STAGE
$239k - Series A Aug 2016
Hotelogix (2008, Noida, $4.9M)
Hotel Property & Booking Management Software
Accel Partners, Saama Capital
SEED STAGE
$2M - Seed Aug 2016
Bangalore, $2.2M)
ERP for Agri businesses
Invested Development
$515k - Seed Nov 2016
Wayman (2011, Gdansk, $515k)
ERP tools for engineering and design firms
Innovation Nest
$125k - Seed Jul 2016
Fulfil.IO (2015, Walnut, $125k)
Multichannel retail, ERP and Inventory Management
for SMBs
500 Startups
Seed Sep 2017
Bangalore, $2.2M)
ERP for Agri businesses
Beenext, Ankur Capital, BSP Fund
SEED STAGE
Angel Jul 2016
Multichannel retail, ERP and Inventory Management
for SMBs
Rajan Anandan

Most Active Investors (VC, PE) by Stage in ERP; Last 5 years (Feb 2013-Feb 2018)
Most Active VC & PE Investors
31
ERP > Investment Trends > Most Active VC & PE Investors
SEED STAGE
Almi
Omikai Systems AB
1
Altos Ventures Capital
ONE UP
2
Ankur Capital
CropIn Technology Solutions
3
Astella Investimentos
Omiexperience
4
Beenext
CropIn Technology Solutions
5
Blackbird Ventures
Accelo
6
Credo Ventures
PublishDrive
7
Criatec 2
EZ Commerce
8
Earlybird Venture Capital
Dcs Plus
9
Innovation Nest
Wayman
10
EARLY STAGE
Allos Ventures
PeachWorks
1
ARMADA Investment
Bexio
2
Arsenal Venture Partners
PeachWorks
3
Avalancha Ventures
Bind
4
Restaurant365
5
Canelco Capital
Savcor
6
Capital Invent
Bind
7
Credo Ventures
Dcs Plus
8
Criatec 2
Bling
9
Fika Ventures
Specright
10
LATE STAGE
Battery Ventures(2 Investments)
Intacct, BPSC
1
Accel-KKR
KerridgeCS
2
Caisse de depot et placement du
Quebec
Lightspeed POS
3
Costanoa Venture
Intacct
4
Epicor
5
Elvaston Capital Management
GUS Group
6
Insight Venture Partners
AMCS
7
Infor
8
MMC Ventures
Brightpearl
9
Runa Capital
Acumatica
10

ERP > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in ERP; Last 5 years (Feb 2013-Feb 2018)
Most Active Ecosystem Investors
INCUBATOR
500 Startups(4 Investments)
Erply Retail POS, Farmeron, Cloudadmín
1
Alchemist Accelerator
Scoro
2
Amrita TBI
Nextsky Technologies
3
Innovacorp
WoodsCamp
4
Startup Wise Guys
PublishDrive
5
TLabs
EPaathsala
6
OTHER NOTABLE INVESTORS
Level Equity(2 Investments)
Accelo, ECi Solutions
1
Main Street Capital(2 Investments)
Computer Associates
2
Technology Crossover Ventures(2
Investments)
FinancialForce, IQMS
3
500 Mexico City
Cloudadmín
4
9Mile Labs
Cloudadmín
5
Advent International
FinancialForce
6
AltaOne Capital
Cegid
7
American Express
Sage Group
8
Apax Partners
Epicor
9
Axis Mutual Fund
Ramco
10
DEBT INVESTORS
Silicon Valley Bank(3 Investments)
AMCS, Brightpearl, Lightspeed POS
1
Lighter Capital(2 Investments)
Circle Commerce, Springboard Retail
2
Columbia Lake Partners
Brightpearl
3

ERP > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/2)

ERP > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (2/2)

ERP > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
36
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive

Marketmap: ERP
ERP > Feed Summary > BlueBox
37

Key Sub Sectors (1/2)
38
Key Sub Sectors in ERP
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Multi-Industry
Companies that develop ERP software for enterprises and SMB's across multiple sectors
Infor (2002, New York City, Acquired)
FinancialForce (2009, San Francisco,
$194M)
897 83 $3B
Retail
Companies that develop ERP software for the retail industry
Cylande (1986, Roubaix, Acquired)
215 22 $428M
Manufacturing
Companies that develop ERP software for manufacturers
Plex Systems (1995, Troy, Acquired)
IQMS (1989, Paso Robles, $40M)
344 31 $252M
Companies that develop ERP software for professional services individuals and agencies such
as architects, auditors, engineers, doctors, and lawyers
Intacct (1999, San Jose, Acquired)
Accelo (2009, San Francisco, $11M)
117 21 $155M
Waste Management & Recycling
Companies that develop ERP for wastewater management and the recycling industry
PC Scale (1986, Oxford, Acquired)
AMCS (2003, Limerick, $103M)
26 1 $103M
Hospitality
Companies that develop ERP software for the hospitality industry
Ctuit (2000, Novato, Acquired)
65 11 $35.7M
Agriculture
Companies that develop ERP software for the agricultural industry
Farmeron (2010, Columbus, Acquired)
MJ Freeway (2010, Denver, $11M)
31 9 $21.3M
Education
Companies that develop ERP software for educational institutes such as schools, colleges, and
universities
Ellucian (1968, Fairfax, Acquired)
rSmart (2002, Phoenix, $14.3M)
197 6 $17.3M
Local Businesses
Companies that develop ERP software for local businesses such as photo studios, internet
dealers, and fitness studios
Higher Concept Software (1998, Reading,
Acquired)
Daxko (1998, Birmingham, $7.8M)
66 6 $9.6M
ERP > Market Details > Key Sub Sectors

Key Sub Sectors (2/2)
39
Key Sub Sectors in ERP
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Apparel
Companies that develop ERP software for the apparel industry
American Software (1970, Atlanta, Public)
Simparel (2007, New York City, $5M)
61 4 $6.4M
ERP > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/9)
40
ERP > Market Details > Detailed Sector Taxonomy

41

42

43

44

45

46

47

48

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(-)
Multi-Industry > SMB-Focused
Companies that develop ERP software for SMB's across multiple sectors
(Companies covered 407 | Funded 37 | Total Funding $313M)
$12.5M
(-$20.7M)
9
(-)
Bexio
(2008, Rapperswil, $12.2M)
49
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets by Funding in ERP in last 2 years (February 2016 - January 2018)
ERP > Market Details > Top Markets of Investment Activity

Rank Market # Investments Key Investments
1
Hospitality > Restaurants
Companies that develop ERP software for restaurants and caterers
(Companies created 27 | Funded 7 | Total Funding $24.4M )
1 Restaurant365 (2011, Irvine, $20M)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer
Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
50
Top Markets of Early Stage Investors
Top Markets where Early Stage Investors are investing in last 2 years (February 2016 - January 2018)
ERP > Market Details > Top Markets of Early Stage Investors

Incubators 500 Startups (#1)
Seed Greenstone Venture Partners (#1), BC Discovery Fund (#1)
Series A/B Swisscom (#2), StarVest Partners (#1)
Series C+ Myob (#1), Runa Capital (#1)
NetSuite Nov - 2016
Acq by Oracle for $9.3B
MYOB May - 2015
IPO'd
Exact Oct - 2014
Acq by Apax Partners for $925M
Sage Group Jun - 2013
IPO'd
24SevenOffice Aug - 2005
IPO'd
J.D. Edwards & Company
Jun - 2003
Acq by Peoplesoft for $1.7B
Navision May - 2002
Acq by Microsoft for $1.3B
Series A
Bind (2013, Monterrey)
Series A
Bling (2008, Bento Goncalves)
Seed
Serv (2014, Singapore)
$7.4M - Series B
$125k - Seed
Angel
Feb 2018
MYOB opens new office in Chch with co-working space for
startup customers, bizEDGE
Feb 2018
Flashnode starts co-operation with Visma,
GoodNewsfromFinland
Feb 2018
The Sage Group PLC no longer a sell now that reality has set
in, Proactive Investors
Jan 2018
Customer Demand Driving Acumatica Partnership Expansion
with ISVs, ERP News
Jan 2018
HighJump Announces Strategic Partnership with Acumatica,
PRWeb
Jan 2018
Acumatica Transforms Cloud ERP Market Meeting Customer
Needs Across Multiple Industries, PR Newswire
Jan 2018
BigCommerce Expands Acumatica’s Commerce Offering,
Business Wire
Jan 2018
TOP NEWS: Sage Revenue Growth To Reach 10% Over Next
Three Years, London South East
Jan 2018
Former Microsoft exec joins Acumatica board , Accounting
Today
Jan 2018
The Sage Group disappoints with organic revenue growth,
Tech Capital
Jan 2018
UPS and Sage Team Up to Help Small Businesses Deliver for
Customers, Euroinvestor
Jan 2018
ACCC to investigate MYOB's $180 million acquisition of
Reckon, CRN
Dec 2017
Enterprise software firm Deskera to expand India footprint,
Indiatimes
News
0
1
2
3
4
5
6
7
8
$0k
$5M
$10M
$15M
$20M
$25M
2013 2014 2015 2016 2017
YoY Funding Rounds
8
6
14
37
407
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Multi-Industry > SMB-Focused: Market Factsheet
Market: SMB-Focused
51
Exits
Most Active Investors
Recent Investments
YoY Funding and Rounds
Companies that develop ERP
software for SMB's across multiple
sectors
Aplicor
(2003, Boca Raton, $24.9M)
Acumatica
(2007, Kirkland, $23.3M)
Bexio
(2008, Rapperswil, $12.2M)
Vivonet
(1999, Burnaby, $8.9M)
BizSlate
(2011, New York City, $5.2M)
Top Companies
#1 Top Markets of Investment Activity
ERP > Market Details > Market: SMB-Focused
Companies Created 407 | Funded 37 | Total Funding $313M

Multi-Industry > SMB-Focused: Top Companies
Market: SMB-Focused
Analyst’s Pick
suite
StarVest Partners, ADP, Meritech Capital Partners,
Cross Atlantic Capital Partners
Acumatica (2007, Kirkland, $23.3M)
Cloud and on-premise ERP, CRM and Financial
Software for SMEs
Soonicorn. Stage: Series C
Myob, Runa Capital, Almaz Capital and 2 Other
Investors
Online business management software for SMBs
Minicorn. Stage: Series B
Swisscom, Redalpine, ARMADA Investment
Multichannel retail, ERP and Inventory
Management for SMBs
Minicorn. Stage: Seed
Rajan Anandan, 500 Startups, Extreme Venture
Partners
Analyst’s Pick
J.D. Edwards & Company (1977, Denver)
ERP software for SMBs
Bain Capital Private Equity, VantEdge Partners,
HarbourVest Partners
ABRA Systems (1991, Prague)
ERP system for large and medium sized businesses
Minicorn. Stage: Unfunded
Apptivo (2009, Chennai)
Business management platform
Minicorn. Stage: Unfunded
AFAS Software (1996, Leusden)
Cloud based business management applications
Editor's Pick. Stage: Unfunded
ClickBalance (2006, Culiacan)
Cloud-based ERP software
Analyst’s Pick
GDI software (1979, Landau)
Business management application for small and
medium businesses
NeuralSoft (1989, Rosario)
ERP solutions for businesses across Argentina
Proginov (1996, La Chevroliere)
Cloud-based multiple industry ERP software
Step Ahead (1999, Germering)
CRM and ERP software for SMEs
Visma (1996, Oslo)
Cloud-based business and admin solutions
Editor's Pick. Stage: Acquired
SVG Capital, AlpInvest Partners, Cinven and 3 Other
Investors

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
53
Multi-Industry > SMB-Focused: Leaderboard
Market: SMB-Focused
Better than Market Average
Overall
Rating
Company
Name
Foun
ded
Year
Location Stage Funding Team
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 Acumatica 2007 Kirkland Series C $23M - 4 - 4 23 76k 25k 3k 39 -50k -40% 6 16% 3k 13%
5.0 Visma 1996 Oslo Acquired - - 3 - 5 8 27k 2.3k 103k 231 -17k -39% 5 17% 70 3%
5.0 Sage Group 1997
Newcastle
Upon Tyne
Public - - 3 - 4 59 15k 13k 23k 175 -1k -2% 18 14% 692 6%
5.0 Bexio 2008 Rapperswil Series B $12M - 5 - - 2 84k 2.2k 3k 8 14k 19% 2 16% 120 6%
5.0 ClickBalance 2006 Culiacan Unfunded - - 5 2 3 - 204k 1.5k 2k 27 -56k -22% 3 8% 15 1%
4.9 Exact 1984 Delft Acquired - - 3 3 3 1 87k - 52k 212 4k 5% 24 13% - -
4.9 Ahora 1992 Alboraya Unfunded - - 4 3 4 - 1.1M 788 825 7 -99k -8% 4 148% 92 13%
4.9 YemenSoft 1993 Sanaa Unfunded - - 4 - 4 - 773k 21k 46k 484 49k 7% 55 13% - -
4.9 Vivonet 1999 Burnaby Acquired $9M - 3 - - 5 794k 1.8k 26k 275 191k 33% 11 8% 1 -
4.9 Serv 2014 Singapore Seed - - 5 2 3 1 1.3M 2 300 10 -6.3M -83% 1 11% 1 12%
4.9 MYOB 1991
Glen
Waverley
Public - - 3 - - 21 36k 17k 41k 271 -1k -2% 20 9% 1k 6%
4.9 ERPFlex 2006 Sao Paulo Funded - - 3 - - - 316k 178 750 17 28k 10% 2 13% 6 3%
4.9 EffiaSoft 2012 Hyderabad Unfunded - - 5 - - - 1.1M 213 33k 545 -19k -2% 221 69% 16 8%
4.8 MISA 1994 Hanoi Unfunded - - 4 - - - 171k 143 157k 2.2k 3k 2% 3.9k 17% 1 -
4.8 ABRA Systems 1991 Prague Unfunded - - 5 2 3 - 623k 117 2k 10 -197k -23% 2 25% 7 6%

Market: Restaurants
54
#1 Top Markets of Early Stage Investors
ERP > Market Details > Market: Restaurants
Companies Created 27 | Funded 7 | Total Funding $24.4M

Market: Restaurants

Market: Restaurants
Better than Market Average

Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
57
Notable Acquisitions
Top Acquirers
Acqui-hires

Public companies (1/4)
58
Performance indicators of public companies in ERP
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Oct 2015
Extensity (2005, Toronto)
EXTN
May 2015
MYO
Sep 2014
CDK Global (1972, Hoffman Estates)
Information technology and digital marketing solution provider to
the automotive & heavy equipment retail industry
CDK
Jul 2013
Just planning (1994, Tokyo)
Business management application for restaurant industry
4287
Jun 2013
Sage Group (1997, Newcastle Upon Tyne)
Accounting, HR and ERP solutions for SMEs
SGE
Oct 2012
Workday (2005, Pleasanton)
$4.5B WDAY
Jul 2006
Kingdee (1993, Shenzhen)
Enterprise Information System provider
268
Mar 2006
TOTS3
Aug 2005
24SevenOffice (1997, Oslo)
24SO
Dec 2004
Sanderson (1983, Coventry)
ERP for discrete manufacturing and food & beverage industries
SND
ERP > Exit Outlook > Public Companies

59

60

61

Notable Acquisitions (1/4)
62
Notable Acquisitions in ERP
ERP > Exit Outlook > Notable Acquisitions
2018 YTD
Acquirer: Harris Computer Deal: $201M
Acceo (1988, Montreal)
Management & accounting software development
firm
Acquirer: Rootstock
Cloud ERP application provider for product
planning and manufacturing
2017
Acquirer: Cegid
Cylande (1986, Roubaix, $20.8M)
ERP solutions for retail industry
Acquirer: ICG Deal: $472M
proALPHA (1992, Weilerbach)
Cloud-based ERP software developer
Acquirer: Sage Group Deal: $850M
Cloud ERP, Financial management and Accounting
Applications
2016
Acquirer: Roper Tech Deal: $2.8B
organizations
Acquirer: Oracle Deal: $9.3B
suite
Acquirer: Kohlberg Kravis Roberts

63

64

65

Most Active Acquirers
66
ERP > Exit Outlook > Most Active Acquirers

Acqui-hires (1/2)
67
ERP > Exit Outlook > Acqui-hires

Acqui-hires (2/2)
68
ERP > Exit Outlook > Acqui-hires

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
69
Details on VC & PE Investors
Seed Stage
Early Stage
Late Stage
Details on Top Ecosystem Players

ERP > Investors > Index of Most Active VC & PE Investors
Index of Top Investors (VC, PE) by Stage in ERP; Last 5 years (Feb 2013 - Jan 2018)
Index of Most Active VC & PE Investors
SEED STAGE
XAnge
Blackbird Ventures
South Central Ventures
Rothenberg Ventures
Inventure
Credo Ventures
Criatec 2
Innovation Nest
Almi
Ankur Capital
Seeders
Astella Investimentos
Beenext
EARLY STAGE
Inovia Capital
Lightspeed Venture Partners
Highland Europe
Kickstart Seed Fund
ARMADA Investment
Redalpine
XAnge
SRIW
IvyCap Ventures
Grotech Ventures
Origin Ventures
NSI Ventures
RB Investments
Allos Ventures
LATE STAGE
Battery Ventures (2 Investments)
Caisse de depot et placement du Quebec
Costanoa Venture
Runa Capital
MMC Ventures
Accel-KKR
Elvaston Capital Management
TIIN Capital

XAnge
71
Portfolio in ERP | Exits | Funds Link | Website | LinkedIn | Twitter
ERP > Investors > XAnge
Investments
[Minicorn] Odooapps (2005, Brussels, $14.8M, Series B)
Open Source suite of Business Applications
ERP Notable Portfolio
[Unicorn] Etsy (2005, Brooklyn, $98M, Public)
Handicrafts marketplace
[Soonicorn] Mister Spex (2007, Berlin, $69.6M, Series E)
Online eye-wear retailer
[Soonicorn] Currency Cloud (2012, London, $63.5M, Series D)
Cross-border payment services provider
[Soonicorn] Eptica (2001, Boulogne, $19M, Series B)
Omnichannel Customer Engagement Solutions
[Soonicorn] PrestaShop (2007, Levallois-perret, $15M, Series B)
Open source e-Commerce Software
[Minicorn] Lydia Solutions (2011, Paris, $29.2M, Series B)
Money transfer app with a prepaid card.
[Minicorn] Evaneos (2009, Paris, $28.1M, Series C)
Online marketplace for booking personalized holiday packages
[Minicorn] AB Tasty (2011, Paris, $23.9M, Series B)
AB Testing SaaS Solution for Marketing Teams.
[Minicorn] Wandercraft (2012, Paris, $22.1M, Series B)
Developing an exoskeleton that helps impaired to walk
[Minicorn] VOSS Solutions (2003, Richardson, $22M, Series C)
UC&C service delivery software
[Minicorn] Studitemps (2008, Cologne, $17.3M, Series C)
Platform that connects university students to temporary and/or part-
time jobs
Other Notable Portfolio
Top Exits Recent News on Fund & Portfolio
Geographical Spread Stage of Entry
NoneNone
1 1
2012 2013 2014 2015 2016 2017
Follow On New Investments
-
-
1
-
1
Undisclosed
Series C+
Series B
Series A
Seed1
1
-
-
-
Europe
US

Blackbird Ventures
72
ERP > Investors > Blackbird Ventures

73
ERP > Investors > Altos Ventures Capital

74
ERP > Investors > Invested Development

Rothenberg Ventures
75
ERP > Investors > Rothenberg Ventures

Inventure
76
ERP > Investors > Inventure

Almi
77
ERP > Investors > Almi

Ankur Capital
78
ERP > Investors > Ankur Capital

Seeders
79
ERP > Investors > Seeders

Beenext
80
ERP > Investors > Beenext

Contents
81

Inovia Capital
82
ERP > Investors > Inovia Capital

83
ERP > Investors > Bessemer Venture Partners

Lightspeed Venture Partners
84
ERP > Investors > Lightspeed Venture Partners

Highland Europe
85
ERP > Investors > Highland Europe

Kickstart Seed Fund
86
ERP > Investors > Kickstart Seed Fund

ARMADA Investment
87
ERP > Investors > ARMADA Investment

Redalpine
88
ERP > Investors > Redalpine

XAnge
89
ERP > Investors > XAnge

IvyCap Ventures
90
ERP > Investors > IvyCap Ventures

Grotech Ventures
91
ERP > Investors > Grotech Ventures

Origin Ventures
92
ERP > Investors > Origin Ventures

NSI Ventures
93
ERP > Investors > NSI Ventures

RB Investments
94
ERP > Investors > RB Investments

Allos Ventures
95
ERP > Investors > Allos Ventures

Contents
96

Battery Ventures
97
ERP > Investors > Battery Ventures

98
ERP > Investors > Koch Equity Development

Caisse de depot et placement du Quebec
99
ERP > Investors > Caisse de depot et placement du Quebec

100
ERP > Investors > Insight Venture Partners

Costanoa Venture
101
ERP > Investors > Costanoa Venture

Runa Capital
102
ERP > Investors > Runa Capital

MMC Ventures
103
ERP > Investors > MMC Ventures

Accel-KKR
104
ERP > Investors > Accel-KKR

105
ERP > Investors > CPP Investment Board

TIIN Capital
106
ERP > Investors > TIIN Capital

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
107
Details on VC & PE Investors
Details on Top Ecosystem Players
Incubators
Other Notable Investors
Debt Investors

ERP > Investors > Index of Ecosystem Investors
Index of Top Ecosystem Investors in ERP; Q1 2013 - Q0 2018
Index of Ecosystem Investors
INCUBATOR
500 Startups (4 Investments)
Amrita TBI
Innovacorp
Startup Wise Guys
TLabs
OTHER NOTABLE INVESTORS
Level Equity (2 Investments)
Main Street Capital (2 Investments)
Technology Crossover Ventures (2
Investments)
500 Mexico City
9Mile Labs
AltaOne Capital
American Express
Apax Partners
Axis Mutual Fund
Banneker Partners
BSP Fund
Cleartrip
Creative England
Elliott Management
DEBT INVESTORS
Silicon Valley Bank (3 Investments)
Lighter Capital (2 Investments)

500 Startups
109
ERP > Investors > 500 Startups
People
Investments
[Minicorn] TradeGecko (2012, Singapore, $7.7M, Series A)
Cloud-based sales and inventory management platform for B2C/B2B
[Minicorn] Fulfil.IO (2015, Walnut, $125k, Seed)
Multichannel retail, ERP and Inventory Management for SMBs
ERP Notable Portfolio
[Unicorn] Grab (2012, Singapore, $3.4B, Series G)
Taxi Booking App
[Unicorn] Credit Karma (2007, San Francisco, $370M, Series D)
Aggregator of various consumer financial products.
[Unicorn] Twilio (2007, San Francisco, $240M, Public)
Cloud Communications API provider
[Unicorn] Canva (2012, Surry Hills, $82.6M, Series B)
Online design platform
[Soonicorn] Udemy (2010, San Francisco, $173M, Series D)
Marketplace for online courses
[Soonicorn] Smule (2008, San Francisco, $144M, Series F)
Developer of social music-making & sharing apps
[Soonicorn] Intercom (2011, San Francisco, $116M, Series D)
Customer communication and Retention Platform
[Soonicorn] Ipsy (2011, San Mateo, $107M, Series B)
Subscription for beauty products
[Soonicorn] Life360 (2008, San Francisco, $89.7M, Series C)
Mobile app that connects family members and close friends
[Soonicorn] VTS (2011, New York City, $87.8M, Series C)
Leasing and asset management software for brokers, investors &
owners.
Other Notable Portfolio
Top Exits
Recent News on Fund & Portfolio
Dave McClure
Founder, Partner
Geographical Spread Stage of Entry
Nov 2017
TradeGecko Payments helps SME wholesalers get paid 3x
faster, PR Newswire
Nov 2017
TradeGecko opens new office in Toronto to better serve
and grow their North American customer base, PR
Newswire
Sep 2017
TradeGecko joins AppDirect’s leading cloud services
ecosystem, PR Newswire
Jun 2017
ERPLY Delivers Enterprise-Grade Solutions For Small And
Medium-Sized Retailers, SuperbCrew
Feb 2017
TradeGecko Launches New Global Partner Program, PR
Newswire
Jan 2017
TradeGecko Snags $6.5M Series A To Help Businesses
Wrangle Inventory, modaride.com
Jan 2017
CITIZEN and ERPLY Provide Peace-of-Mind and Value to
Retailers!, PR Newswire
Aug 2016
UOB partners with cloud accounting firm Xero to ease
SMEs' bookkeeping woes, E27
Jul 2016
Funding Watch: Stitchwood, Grab.in, Fulfil.IO,
Weddingwishlist.com, SeeDoc & more, MediaNama
None
1 1 1
2012 2013 2014 2015 2016 2017
Follow On New Investments
1
-
1
-
3
Undisclosed
Series C+
Series B
Series A
Seed3
1
1
-
-
US
SEA
Latam

110
ERP > Investors > Alchemist Accelerator

Innovacorp
111
ERP > Investors > Innovacorp

Startup Wise Guys
112
ERP > Investors > Startup Wise Guys

TLabs
113
ERP > Investors > TLabs

Contents
114

Level Equity
115
ERP > Investors > Level Equity

Technology Crossover Ventures
116
ERP > Investors > Technology Crossover Ventures

9Mile Labs
117
ERP > Investors > 9Mile Labs

118
ERP > Investors > Advent International

American Express
119
ERP > Investors > American Express

Apax Partners
120
ERP > Investors > Apax Partners

Axis Mutual Fund
121
ERP > Investors > Axis Mutual Fund

Banneker Partners
122
ERP > Investors > Banneker Partners

BSP Fund
123
ERP > Investors > BSP Fund

Elliott Management
124
ERP > Investors > Elliott Management

Contents
125

Silicon Valley Bank
126
ERP > Investors > Silicon Valley Bank

Lighter Capital
127
ERP > Investors > Lighter Capital

128
ERP > Investors > Columbia Lake Partners

Contents
129

Recent News (1/2)
130
ERP > News > Recent News
Feb 2018 SAP Offers Three New GDPR Compliance Tools, MediaPost
Feb 2018
Winshuttle Releases Latest Version of Product Suite, Providing New
Functionality and Certified Integration with SAP S/4HANA 1709 ,
PRWeb
Feb 2018
American Software Reports Preliminary Third Quarter of Fiscal
Year 2018 Results, Business Wire
Feb 2018 Infor launches Networked Order Management, ITP
Feb 2018
SAP intros FlexBen employee benefit structure in India, Enterprise It
World
Feb 2018 Infor Launches Healthcare Enterprise Analytics, PR Newswire
Feb 2018
ITOrizon Inc partners with Ramco Systems to Offer Next-Gen
Integrated Supply Chain Solutions, PressReleasePoint
Feb 2018
ClickSoftware to Join SAP at Mobile World Congress to Demo New
Predictive Field Service Capabilities, PR Newswire
Feb 2018 SAP hikes dividend payout to at least 40 percent of profit, Reuters
Feb 2018
Tyler Technologies Reports Earnings for Fourth Quarter 2017,
Business Wire
Feb 2018
Priority Software Chooses Microsoft to Support Global Cloud ERP
Customers on Azure, PR Newswire
Feb 2018 CGS Named to the 2018 Global Outsourcing 100, Citybizlist
Feb 2018
Constellation HomeBuilder Systems Transforms Homebuyer
Experience with Technology Automation, PRWeb
Feb 2018 Unit4 Strengthens Higher Education Leadership Team, Business Wire
Feb 2018 New To The Market: 19-23 February 2018, Recruiter
Feb 2018
DEACOMs Specialization Drives Miller Chemical & Fertilizer to
Strengthen International Business, PressReleasePoint
Feb 2018
As Cloud Surpasses License Revenue In 2018, 10 Strategic Insights,
Forbes
Feb 2018
SAP introduces Business Integrity Screening Solution to reduce
risks in financial transactions, CIO East Africa
Feb 2018 DDI System Named “Top ERP Vendor to Watch in 2018”, PHCP Pros
Feb 2018
IQMS Welcomes Manufacturing Software Solutions Provider
EFIDEX Company to its Global Partner Network, PressReleasePoint
Feb 2018 TechnologyOne accused of bullying, again, ARN
Feb 2018
Kimble Customers Rank on 11th Annual SPI Research Best-of-the-
Best List, PRWeb
Feb 2018
Epicor Appoints Colleen Langevin as Chief Marketing Officer, PR
Newswire
Feb 2018
Sanderson Revenue Boosted By Anisa Acquisition, Confident On
Progress, London South East
Feb 2018
SAP and Schneider Electric aim to optimize energy utilization in
data centers, DataCenterNews
Feb 2018
MYOB opens new office in Chch with co-working space for startup
customers, bizEDGE
Feb 2018
Deltek Completes Integration of Onvia Market Intelligence into
GovWin IQ, Citybizlist

Recent News (2/2)
131
ERP > News > Recent News
Feb 2018
Charter Medical Chooses SYSPRO ERP Software to Improve
Visibility and Reporting, PR Newswire
Feb 2018
Epicor Software Recognized as "First Team" Honoree in the
Automation World "Leadership in Automation" Awards, PR Newswire
Feb 2018
Workday Ranks #7 on Fortune’s List of 100 Best Companies to
Work For, GlobeNewswire
Feb 2018
Software Advice names Hotelogix as ‘Leader’ in FrontRunners
Quadrant 2018 under Hotel Management Software category,
Hospitality Net
Feb 2018
JustFood unveils new software for food manufacturing industry,
Food Processing Technology
Feb 2018
Ramco Systems and XinFin Join Forces to Develop Hybrid
Blockchain Solution for Enterprises, BW Businessworld
Feb 2018 Ex-HSBC exec Damien Jenner joins Horizon sales team, Finextra
Feb 2018
Crescent Crown Distributing Reduces Costs and Achieves Efficiency
Gains with DocStar AP Automation, PR Newswire
Feb 2018
Infor Adds Next-Gen HCM Capabilities to Infor CloudSuite
Healthcare, PR Newswire
Feb 2018
SAP Unveils Asset Strategy & Performance Mgmt Platform,
ExecutiveBiz
Feb 2018
El Popocatepetl Selects ProcessPro ERP to Streamline Growing
Business Initiatives , PRWeb
Feb 2018
Eset provides ConnectWise with Direct Endpoint Management,
Telecompaper
Feb 2018
Tire Guru Point of Sale Software Now Integrated with Epicor
Integrated Service Estimator Solution, PR Newswire
Feb 2018
ConnectWise President David Bellini Takes Leave of Absence,
ChannelE2E
Feb 2018
SAP CEO: Future M&A won't be large "enough to move the needle",
Seeking Alpha
Feb 2018
Sapphire Ventures VC on IPO climate, ICOs and why some don't
need to go public , The Business Journals
Feb 2018
Mexican apparel firm selects Visual Next software suites,
Fibre2Fashion
Feb 2018
SAP and Badgley Mischka Introduce the Badgley Mischka Runway
Mobile App by SAP for New York Fashion Week, PR Newswire
Feb 2018 Epicor Expands its Technology Center in India, PR Newswire
Feb 2018 Ramco Systems Q3 profit drops 43%, Indiatimes
Feb 2018
Streamlining Processes at Small, Medium-Sized Manufacturers with
ERP Software, Advanced Manufacturing
Feb 2018
Infor Introduces Healthcare Analytics Solution to Optimize
Workforce and Operational Effectiveness, PR Newswire
Feb 2018 Bileeta, SLT partner on cloud services, Telecompaper
Feb 2018 inspHire adds Asset Tracker, Vertikal.net
Feb 2018 Flashnode starts co-operation with Visma, GoodNewsfromFinland
Feb 2018 Infor Launches Networked Order Management, destinationCRM

Contents
Feed Summary
Investment Trend
Key Markets
Exit Outlook
Investors
News
Appendix
132
Explore more on Tracxn Platform
Index of Top companies by Market
Funded Deadpooled Companies

Explore more on Tracxn Platform
133
Companies
Companies Covered
Unicorns
Public Companies
Acquired Companies
Funded Companies
Investment Trends
Recent Investments
Mega Investments
Investment Trend
Markets
BlueBox
Taxonomy
News
Key News
Recent News
Company Stage
Angel Funded
Seed Funded
Early Stage (Series A/B)
Late Stage (Series C+)
Acqui-hires
DeadPooled
Investors Acquirers
Unicorn Investors
Most Active Investors
Most Active VC &PE Investors
Portfolio of Top Investor
Most Active Acquirer
ERP > Appendix > Explore Sector on Tracxn Platform

Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in ERP
Index of Top companies by Market (1/16)
134
ERP > Appendix > Index of Top companies by Market
Multi-Industry
Enterprise
Koch Equity Development, Golden Gate Capital,
Summit Partners and 3 Other Investors
Workday (2005, Pleasanton, $267M)
IPO Date Oct 2012 Mcap $4.5B
IPO Mcap -
- WDAY P/E -
FinancialForce (2009, San Francisco, $194M)
Cloud ERP solutions provider
Technology Crossover Ventures, Salesforce, Advent
International and 1 Other Investors
Enterprise
organizations
Prospect Street Ventures, Quilvest Private Equity,
New Mountain Capital and 1 Other Investors
Generic ERP software vendor
TA Associates Management, St. Paul Venture
Capital, Split Rock Partners
Consona Corporation (1997, Indianapolis,
$25.9M)
Enterprise applications provider
Stage: Acquired
Rotunda Capital Partners
Enterprise
CPP Investment Board, Trident Capital, Coral
Capital and 4 Other Investors
IPO Date Oct 2015 Mcap -
IPO Mcap -
- EXTN P/E -
Ramco (1997, Chennai)
SaaS solutions in ERP, HCM, SCM, CRM and
software for aviation industry
IPO Date Apr 2000 Mcap -
IPO Mcap -
- RAMCOSYS P/E -

135
Multi-Industry
Enterprise
SAP (1972, Walldorf)
Enterprise application software
IPO Date Aug 1998 Mcap -
IPO Mcap -
- SAP P/E -
IPO Date Mar 2006 Mcap -
IPO Mcap -
- TOTS3 P/E -
Oscar (2005, Tampere)
Business management applications for enterprises
Soonicorn. Stage: Unfunded
1C Company (1991, Moscow)
Business management and education &
entertainment software developer
Editor's Pick. Stage: Seed
Baring Vostok
Enterprise
Aboard Software (1974, Gainesville)
Developer of ERP, MRP, and business software
Aptean (2012, Atlanta)
Enterprise application software provider
Editor's Pick. Stage: Funded
Battery Ventures
Calipso (1993, Buenos Aires)
ERP software developer in South America
Canias ERP (1989, Karlsruhe)
Multi-lingual, platform-independent ERP solution
CloudyBoss (2015, Sydney)
Cloud-based enterprise management platform
Enterprise
EAS integrator (2009, San Diego)
Enterprise governance solution
Grupo i68 (1985, San Sebastian)
Integrated business management application for
manufacturers
INCWO (2007, Paris)
Cloud based ERP, CRM and invoicing solution for
small and medium businesses
Lemonsoft (2006, Vaasa)
ERP software for multiple industry
Rite Ventures
Microtech Software solutions (1986, Giza)
Cloud based ERP solution for SMBs and enterprises

136
Multi-Industry
Enterprise
Monolit-Info (1991, Saint Petersburg)
ERP, HRM, and CRM software vendor in Russia
Priority Software (1986, Tel Aviv)
Business management and ERP software
Editor's Pick. Stage: Funded
Fortissimo Capital
RFgen (1983, El Dorado Hills)
Mobile data collection and supply chain automation
tools
Tally Solutions (1986, Bangalore)
Provider of business management software
products
Works Applications (1996, Tokyo)
AI-powered ERP vendor
Globis Capital Partners
Enterprise
Zeta Softwares (1997, Croydon)
Enterprise software solutions provider
Altec (1986, Athens)
Business management application for medium
sized enterprises
IPO Date - Mcap -
IPO Mcap -
- ALTEC P/E -
Axionsys Technology (1996, Dubai)
Cloud-based ERP solution
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Simple (1988, Warsaw)
ERP software to support production companies
IPO Date - Mcap -
IPO Mcap -
- SME P/E -
Enterprise
Comarch (1993, Krakow)
Software solutions for IT enterprises
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Integrated business software
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Geac Computer Corporation (1971, Toronto)
Infor Enterprise Software Solutions for CRM, ERP,
SCM, EAM & More
Stage: Acquired
Logo Yazılım (1984, Gebze)
Largest ERP provider for SMEs in Turkey
IPO Date - Mcap -
IPO Mcap -
- LOGO P/E -

137

138

139

140

141

142

143

144

145

146

147

148

149

Funded Deadpooled Companies
150
ERP > Appendix > Funded Deadpooled Companies

Vedanth HN
Senior Analyst
Kunal Mishra
Senior Analyst
Team
152
For research queries write to us at myanalyst@tracxn.com

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