Private equity firms YFM Equity Partners and Comhar Capital have backed software developer Panintelligence with a combined £4.5 million investment.
The business was established in 2014 and provides data visualisation, reporting and analytics software to more than 200,000 users worldwide across a wide range of industry sectors, from retail and education to local government and healthcare.
The Panintelligence ‘Pi’ suite of software enables businesses to use data in almost any format to trigger bespoke reports, and visualise trends in real-time, which can help businesses to lower costs and inform strategic decisions.
The business is led by CEO Zandra Moore and employs 40 staff at its Leeds head office. YFM is investing £3.5 million for a minority stake, alongside an additional investment of £1 million by Comhar Capital.
Zandra Moore, CEO of Panintelligence, said: “We’re immensely proud to have grown from a handful of people into a leading-edge BI software business with international clients. This partnership has secured a significant new source of capital to take advantage of the huge opportunities we are seeing in global markets, particularly the US.”
Mike Clarke, Investment Director at YFM, added: “We quickly saw the value that Panintelligence delivers to its customers through an embedded product. The Pi Dashboard has the potential to be deployed across the globe.”