On 12 January 2021, the enterprise performance management solutions provider for Financial Planning and Analysis (FP&A) revealed that the company had received an injection of US$100 million from venture capital and private equity firm Insight Partners alongside existing investors Iris Capital, eCAPITAL, and Wecken & Cie.
Mark Velthuis, president for Asia-Pacific and Japan at Jedox, acknowledges that EPM has been around for decades but also clarifies that today's environment makes traditional EPM tools incapable of supporting the businesses' needs in the new normal.