FinancialForce.com, a cloud ERP provider on the Salesforce1 Platform, announced that funds managed by Advent International, a global investment group dedicated to private equity, have committed an additional $50 million for the growth of FinancialForce.com as part of a broader investment in the company’s majority investor, UNIT4.
After this funding, which FinancialForce.com will use to expand its cloud-based offering, UNIT4 will continue to be the majority shareholder and Salesforce.com will continue to be a significant minority investor.
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