Lanell was pleased to support European technology investor Tenzing in connection with its investment in Pimcore.

Pimcore is a Salzburg-based enterprise software company providing a unified platform for product, master, customer, content and digital asset data. Its platform has more than 120,000 installations and over 400 enterprise customers globally. Tenzing announced its investment on August 27th, acquiring a majority stake from Nordwind Growth, subject to regulatory approval. 

Pimcore is particularly interesting to Lanell because it sits at the intersection of several areas we know well: enterprise software, product information management, data governance and the rapidly emerging requirements created by AI.

Under Nordwind’s ownership, Pimcore transitioned from open source to an open-core commercial model, increased ARR by more than five times, reached operational profitability and gained recognition in two Gartner Magic Quadrants. Founder and Co-CEO Dietmar Rietsch describes governed enterprise data as the increasingly critical foundation on which enterprise AI must operate. 

Drawing on our experience in enterprise software and the PIM market, Lanell was pleased to contribute to Tenzing’s work around the investment. We believe Pimcore has built a differentiated platform in a market whose strategic importance is likely to increase substantially as enterprises move from experimenting with AI to deploying it across core business processes.

Read more here: https://lnkd.in/p/e3_dyuxZ