Adams Street leads $25.5m Series C round for workplace analytics business Visier


cooperation staff team analytics dataPrivate equity secondaries pioneer Adams Street Partners has led a $25.5m direct investment in workforce analytics company Visier through a Series C round.

About $24m of the capital came from investors including Adams Street and existing backers Foundation Capital and Summit Partners, with $1.5m invested by friends and family.

Visier more than tripled its revenue growth last year and said it was continuing to grow at the same rate in 2014.

The company’s cloud-based software allows organisations to predict how workforce behaviours such as future recruitment, promotion and staff turnover will change.

Adams Street principal Mike Zappert said, “Applied big data is the future of enterprise operations.

“There is a tremendous opportunity for Visier – with its solid leadership team and unique combination of technological prowess and knowledge of industry best practices – to fundamentally change the way organizations ask and answer business questions.”

Adams Street made its first secondaries transaction in 1986, and has since grown to manage more than $25bn of capital for institutional investors.

Earlier this year it led a $40m Series B financing round for mobile security company TeleSign, enabling the company to “invest aggressively” in new innovation and growth opportunities.

Summit Partners also took part in that financing, as did March Capital Partners.

Copyright © 2014 AltAssets