To drive growth in India as data management and data integrity increasingly becomes critical for enterprises.
Gurugram, December 11, 2020: Prospecta Software Australia Pty Ltd has announced that it has completed a growth capital round, securing an investment of up to AUD 20 million from Ellerston JAADE Australian Private Assets Fund to accelerate its product and growth strategies.
Prospecta is a leading provider of data governance and master data management for many enterprise clients around the world. Global and Indian enterprises such as Dow Chemical, Infineum, Mondelez, Brookfield, Godrej, Hindustan Zinc, Bluestar, Havells, and UPL utilise Prospecta’s data enterprise platform.
Data integrity is now a key boardroom topic and Prospecta’s cloud-based platform, called MDO (Master Data Online), is fast becoming the preferred option for companies seeking to address their data challenges. Certified by industry leaders SAP and Salesforce, MDO’s modules cover master data governance, data quality, supply chain collaboration, workforce safety, and managing enterprise asset data.
Prospecta has weathered the Covid-19 storm well, as most enterprises have used 2020 to focus on fixing their data integrity systems and strengthening their supply chain management, logistics, and use of cloud-based technologies in preparation for a strong rebound in 2021. In the face of this demand, and with long-term contracts in place, Prospecta foresees accelerated growth in 2021.
The investment will help Prospecta consolidate its leading position in the global data governance and master data management market, by further developing core technologies, and underwriting geographic expansion in its sales and distribution, including in key markets like India where Prospecta is well-positioned to expand its market leadership.
