{"id":30085,"date":"2018-06-26T06:00:58","date_gmt":"2018-06-26T13:00:58","guid":{"rendered":"https:\/\/www.jamasoftware.com\/?post_type=press&p=30085"},"modified":"2021-12-29T08:30:44","modified_gmt":"2021-12-29T16:30:44","slug":"jama-software-receives-200-million","status":"publish","type":"press","link":"https:\/\/www.jamasoftware.com\/legacy\/company\/press\/jama-software-receives-200-million\/","title":{"rendered":"Jama Software Receives $200 Million to Accelerate Predictive Product Development"},"content":{"rendered":"

Jama Software, the leading product development platform provider for building complex products and integrated systems, today announced a $200 million growth equity investment led by Insight Venture Partners with participation from Madrona Venture Group. The investment will propel Jama\u2019s long-term global growth and drive the expansion of the Predictive Product Development<\/a> software category.<\/p>\n

\u201cTraditional 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,\u201d said Scott Roth, Jama Software CEO. \u201cThe investment from Insight Venture Partners will speed our product roadmap, as well as support ongoing global expansion.\u201d<\/p>\n

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 \u2014 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.<\/p>\n

\u201cProduct 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are facing the challenges of increasing complexity, regulation, and cross-functional collaboration, putting pressure on outdated tools and processes.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\u2019s most innovative companies to compete and win in the digitally converged future,\u201d said Richard Wells, Managing Director at Insight Venture Partners. \u201cWe are excited to partner with Jama to bring this vision to fruition and further advance the company\u2019s strategic goals.\u201d<\/p>\n

The investment comes as Jama closed out a record-breaking fiscal year. Highlights include:<\/p>\n