Sign in Subscribe
Transportation equipment industry

eRoom Technology Secures $21 Million in Funding for Digital Workplace Solution

Strategic Insights

— 1 min read

eRoom Technology, a leading provider of digital workplaces for the extended enterprise, has announced the closure of a $21 million round of financing. The proceeds from this financing will enable eRoom Technology to continue investing in sales, marketing, and development efforts, capitalizing on the growing demand for its eRoom digital workplace solution. The company's financing was provided by prominent investors, including Ford Motor Company, Brinson Partners, and existing investors such as Matrix Partners and North Bridge Venture Partners.

Key Takeaways:

  • eRoom Technology has secured $21 million in funding for its digital workplace solution, enabling continued investment in sales, marketing, and development efforts.
  • The company's eRoom digital workplace solution allows for collaboration among extended enterprises, including employees, customers, suppliers, and partners.
  • eRoom Technology's solution provides a platform for managing complex and rapidly changing business projects and processes, allowing for quicker product development and improved customer relationships.
  • Ford Motor Company has signed an enterprise-wide agreement with eRoom Technology to manage collaborative activities supporting complex business projects and processes.
  • eRoom Technology's product, eRoom, is used by over 350 companies, including 3Com, Arthur Andersen, A.T. Kearney, and Pfizer.
  • The company's investor base includes prominent firms such as Ford Motor Company, Brinson Partners, and existing investors like Matrix Partners and North Bridge Venture Partners.

Statistics:

  • eRoom Technology has secured $21 million in funding for its digital workplace solution.
  • The company's solution is used by over 350 companies, including leading organizations such as 3Com, Arthur Andersen, and Pfizer.
  • eRoom Technology's eRoom digital workplace solution allows for collaboration among extended enterprises, including employees, customers, suppliers, and partners.
  • The company's financing was provided by prominent investors, including Ford Motor Company and Brinson Partners.

Sources:

  • BUSINESS WIRE, "eRoom Technology, Inc. Closes $21 Million Round of Financing" (July 24, 2000)
  • eRoom Technology, Inc., "eRoom Technology Secures $21 Million in Funding for Digital Workplace Solution" (July 24, 2000)

Read more