- Leading Enterprise Resource Planning (ERP) provider company Unanet announced it received a significant growth equity investment from JMI Equity
- Unanet plans to use the funding for consolidating its leadership position in project management
Unanet, a leading Enterprise Resource Planning (ERP) provider company, announced it has received a significant growth equity investment from JMI Equity. This round of funding will enable Unanet to consolidate its leadership position in project management and the ERP software industry.
With the optimization and enhancement of the Unanet one database solution, Unanet will be able to better serve its clients across all industries including government contractors, architecture and engineering firms, and consulting organizations.
“JMI will be an exceptional partner for Unanet’s next phase of growth,” said Unanet founder and CEO Fran Craig. “Its shared customer-centric culture, network, and expertise in scaling market-leading SaaS companies will provide greater opportunities to Unanet’s employees, customers, and partners. All will benefit from an even stronger product, service offering, and overall customer experience.”
Unanet’s natively developed Cloud platform provides project management and enterprise resource planning capabilities in an integrated application. And by integrating the key business functions in one system, customers are able to report 50% lower G&A headcount relative to competitive systems, higher project-level profitability, real-time visibility for supporting decision making, and a significant reduction in administrative processes.
“Unanet has established itself as the leading project-based ERP provider on the strength of its streamlined approach to optimizing the workplace,” added JMI Equity general partner David Greenberg. “We are pleased to make this investment and apply our expertise and resources to help the company continue to grow.”
There are more than 1,200 professional service organizations that Unanet’s ERP platform for scaling their businesses while drastically reducing G&A in a “Single Source of Truth.” With this system, Unanet optimizes skills management, resource scheduling, budgeting and planning, time and expense reporting, billing and revenue recognition, real-time project management analytics and dashboards, GL/AP/AR, cost pool calculations, and indirect allocations.
“Fran and her leadership team have built a company that is well positioned for sustained growth,” explained JMI Equity partner Krishna Potarazu. “We look forward to partnering with the Unanet team to continue enhancing the product offering, expanding into new industries, and pursuing operational initiatives that will propel Unanet forward.”
Unanet’s customers have reported 50% lower G&A headcount compared to those running competitive systems. And it can reduce effort on administrative processes by 90%.