CMap Software Secures Investment to Enhance Growth Strategy
CMap Software, a prominent provider of professional services automation (PSA) software based in Manchester, UK, has recently secured an investment from ECI Partners. While the specific details of the investment amount have not been disclosed, this funding marks a significant step forward for the company. The investment also represents a complete exit for NorthEdge, which initially invested in CMap back in 2019. This infusion of capital is expected to propel CMap's ambitions in various areas, particularly in enhancing its workforce, expanding its footprint in the architecture, engineering, and construction (AEC) and consulting markets, as well as fostering international growth.
Under the leadership of CEO Dave Graham, CMap Software specializes in providing professional services companies with an innovative software platform designed to simplify processes.
By integrating and streamlining operations, CMap replaces the need for separate systems, spreadsheets, and servers, allowing organizations to operate more efficiently. This focus on improving operational efficiency is particularly crucial for companies in the AEC and consulting sectors, as they strive to boost project profitability, expertly manage staff utilization, and confidently forecast future performance. CMap’s platform has successfully garnered the trust of over 600 clients across the globe, demonstrating its effectiveness and industry relevance.
The company plans to utilize the newly secured funds to not only invest further in its team but also to enhance its product offerings and accelerate its development roadmap. With a commitment to deepening its presence within the AEC and consulting markets, CMap is poised to capitalize on the growing demand for advanced professional services automation solutions. This strategic move is expected to bolster CMap's competitive edge, ensuring that it remains at the forefront of the industry as it continues to evolve and adapt to the ever-changing landscape of professional services.
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