- Phocas Software, a Sidney, Australia-based global data analytics software company, raised AU$45m (US$34m) in funding
- The round led by Ellerston Capital with a AU$35m (US$27m) equity investment, with participation from OneVentures, which provided an additional AU$10m (US$7m) equity financing
- In conjunction with the funding, Toni Korsanos, an Investment Director of Ellerston JAADE, joined the board of Phocas
- The company’s cloud data analytics application plugs into enterprise ERP systems and multiple other data sources and has over 20 global ERP partners, including U.S. giant Epicor
- The technology also allows people across a company to collate and understand the key numbers critical to their work
- The company also intends to use the funds to accelerate its growth in America and the United Kingdom, expand into new industries and develop its core products
