Last week, we announced our Series B: a $4.2M round of funding led by Capital Midwest Fund. You can read the full announcement below, but I wanted to take a moment to thank our team, and discuss our goals going forward.
First, thank you to our incredible team for all the hard work you’ve put in to get us to where we are today.
The Future of Salesforce and SAP integration
We started this company because we personally experienced a pain in the market, and saw a need for a more intelligent integration between front-end systems like Salesforce, and SAP.
Along the way, our vision was validated by our customers and partners. Enterprise companies, particularly in the manufacturing industry, are going through massive digital transformations, and C-level executives are reimagining a more customer-centric experience powered by innovative technology.
However, competitors are acknowledging the need to rise to the challenge, and the pressure to implement technology that enables and delivers business results is higher than ever before.
In addition, integration is slowing down the process. IT teams are struggling to deliver more to the business due to competing priorities, and the time, complexity, and number of resources it takes to integrate front-end systems, and SAP. Gartner reports that 89% of IT decision makers believe that integration challenges are slowing or hindering digital transformation in their organizations.
We’re excited to help our customers achieve their digital transformation goals, and to disrupt the status quo of Salesforce and SAP integration with a smarter, more scalable business process integration.
This is just the beginning. We’re investing every dollar in meeting the growing demand for our integration solutions. We’ll be hiring more talent and adding new roles to our team, and working to better serve our customers.
Here’s a copy of the official press release:
enosiX Secures $4.2M in Series B Funding to Fuel Growth
Round Led by Capital Midwest Fund to Support Expansion of Company’s Unique Solutions for the Enterprise
CINCINNATI, Ohio December 4, 2018—enosiX, Inc., an innovative provider of next-generation solutions that enable real-time process integration and automation between Salesforce and SAP®, announced today the close of a $4.2M Series B funding round led by Wisconsin-based Capital Midwest Fund. Existing investors Allos Ventures, Mutual Capital Partners, and JumpStart, Inc. also participated in the round, and Alvin Vitangcol of Capital Midwest Fund joined enosiX’s Board of Directors.
“As global organizations increasingly recognize the growing importance of improving customer experience by investing in CRM, they will undoubtedly face the challenge of harmonizing these applications with back-end systems,” said Alvin Vitangcol of Capital Midwest Fund. “enosiX is primed to disrupt the status quo when it comes to integration, and we’re excited to be a part of that.”
enosiX will use the proceeds to expand its sales team; meet the growing demand for its solutions; and expand its current integration offerings from Salesforce Sales Cloud, Service Cloud, CPQ, and Community Cloud to also include MuleSoft Anypoint Platform, Commerce Cloud and Salesforce Billing; as well as increase its investment into the continued development of its technology to address integration challenges with other enterprise software platforms.
“We speak to enterprise IT leaders every day who have made significant investments in Salesforce and SAP, but have struggled to effectively integrate the two solutions,” said Gerald Schlechter, CEO and President of enosiX. “The team at enosiX is laser-focused on delivering a market-leading Salesforce/SAP interface that integrates and automates enterprise business process, and enables the full value of the Salesforce and SAP offerings.”
enosiX, founded in 2014, provides a real-time process integration and automation technology that interfaces Salesforce and SAP to unlock data and business processes, without middleware or ETL tools. Among other important benefits, the technology features harmonization of CPQ and SAP Variant Configuration without replicating price books or configurations.
Based in Cincinnati, Ohio, the company has experienced 138% growth in bookings year over year, and more than 100 enterprises are now utilizing the enosiX framework.
Salesforce, Sales Cloud, Service Cloud, CPQ and others are trademarks of salesforce.com, inc.