Austin-based BP3 Global announced this week it has raised $10 Million from Petra Capital Partners, LLC., a Nashiville, Tenn-based private equity firm.
The company plans to use the funding to speed up development of its Brazos platform, a data and analytics software program.
“The big disconnect in the analytics space is that, while software gives companies a look into operations, managers don’t have the tools to act on those insights,” Scott Francis, Chief Executive Officer of BP3, said in a news release. “Our customers leverage our Brazos platform and services to turn actionable suggestions about a customer, employee, or piece of equipment into decisions that boost profit, satisfaction or safety.”
Its software is focused on enterprise resource planning and customer relationship management functions. Now it is developing software to analyze all kinds of data for businesses to provide insights for them to take action on.
“BP3 represents a perfect example of what we look for in an investment at Petra,” Rob Smith, Partner at Petra Capital Partners, said in a news release. “In spite of having raised no outside capital prior to our investment, the team at BP3 has built a world class, high growth services organization and has developed proprietary software and solutions that deliver tremendous value to its customers.”
BP3, founded in 2007, provides business process, decision management, and analytics software and services to Fortune 500 companies. It also has offices in London, Amsterdam and Copenhagen.