Sweden-based private investment company Axel Johnson has led the $15m series A round for Decisyon, a US-based developer of performance management and enterprise software.
The deal included $10m of immediate proceeds and a $5m pre-negotiated second tranche scheduled for 2013. In 2011 Axel’s companies had revenues of about $4bn.
Founded in 2005, Decisyon provides its software to more than 1000 companies in media, banking, fashion and pharmaceutical industries. Decisyon will use the new funds to aid their global expansion and improve services.
Tom Cowen, executive president of Decisyon, said: “Decisyon has an extraordinary set of assets, most notably breakthrough technology, great people and a strong customer base of well-known global brands, this funding enables us to support the company with the resources to expand into the global software market.”