CORA Systems (Cora), a leading strategic project and portfolio management software vendor has received a significant growth equity investment from Scottish Equity Partners (SEP).
Cora provides the power of predictability to global enterprises, enabling them to successfully plan and manage complex long-term projects profitably. The company’s feature-rich and highly configurable platform provides real time visibility and predictive, actionable insights transforming project and portfolio governance. Previously, business leaders and project managers were overwhelmed by ever-increasing complexity and the need to adapt to ever-changing business conditions. Cora delivers end to end visibility through its seamless integration of schedules, forecasting, resources and financial controls.
Today, Cora supports a number of Fortune 100 global enterprises across the manufacturing, aerospace & defence, healthcare, and life sciences sectors. Clients include Abbvie, Honeywell, Irish Rail and the UK’s NHS. Cora has experienced exceptional growth in recent years, particularly in the United States. Investment from SEP will support next generation product development and drive continued expansion to address the multi-billion dollar project and portfolio management software market opportunity.
“We are delighted to have SEP on board given their outstanding credentials in backing high growth software companies,” said Philip Martin, Founder and CEO of Cora. “It is clear that in SEP, we have found a long-term partner who understands the scale of the opportunity and who is excited to work with us to bring our transformative software to more enterprise customers across the globe.”
The SEP investment was led by Keith Davidson, Tim Ankers and Alizeh McClelland. Keith Davidson, Partner at SEP, said: “Cora offers an outstanding software solution that enables increased automation, efficiency and strategic alignment for enterprises with complex project landscapes. The business has an excellent reputation amongst its clients for product innovation and usability, being a critical part of customers’ workflows. We look forward to working with Philip Martin and the Cora team during the next stage in the company’s development.”
IA Global Capital served as the exclusive financial adviser to Cora on the transaction. Prior to growth equity funding from SEP, Cora has been successfully supported by Enterprise Ireland.
