o9 Solutions, Inc. (“o9”) announced a minority equity investment from KKR that values the company at over a billion dollars. o9’s AI-powered Integrated Business Planning platform helps leading global enterprises drive digital transformation and has grown annual recurring revenue by more than 100% in the last year. This first external capital raise in o9’s history will accelerate the go-to-market initiatives for its next-generation technology across industry verticals and global markets.
Read Also: SalesTech Star Primer: What Is Lead Generation?
o9 Solutions, Inc. (“o9”) today announced a minority equity investment from KKR that values the company at over a billion dollars.
Chakri Gottemukkala, o9 CEO and Co-Founder, said: “This investment from a global firm of KKR’s caliber is a great validation of the differentiation of the o9 platform, the team we have built, and potential we have for value creation across industry verticals. With KKR’s backing we will be able to accelerate the delivery of our differentiated technology solution to clients across the globe and realize our objective of becoming a category-defining platform for digital transformation of integrated business planning and operations.”
Read Also: Why Is Sales Enablement Important?
Today the o9 platform is powering the planning and operations for large enterprise clients in many industry verticals, including retail, consumer goods, apparel, consumer electronics, industrial manufacturing, and oil & gas. These customers use o9’s cloud platform to create next generation planning capabilities that:
- Create improved visibility into drivers of demand;
- Improve quality of forecasts using AI models;
- Evaluate different commercial actions to close gaps to plan;
- Provide better real-time visibility into risks and opportunities across extended global supply chains;
- Match demand and supply using intelligent algorithms;
- Drive rapid what-if scenario planning to evaluate P&L impacts of different decision choices; and
- Drive plans into execution through digital engagement with customers, suppliers and internal operations.
All these capabilities are driven off a single platform and code base thus enabling efficient and rapid value delivery for clients.
“The capabilities offered by the o9 platform are now increasingly mission critical for any global company,” said Sanjiv Sidhu, o9 Chairman and Co-Founder. “As we talk to CxOs, we see that the COVID-19 pandemic has only elevated in their minds the need for accelerated digital transformation of planning and operations capabilities to drive structural improvements in resilience, agility, environmental sustainability, productivity and cost management. o9 is uniquely positioned to help and be the partner of choice for companies as they build their digital future.”
Read Also: 5 B2B Marketing & Sales Campaigns Worth A Mention!