Wednesday, June 18, 2008

Verticals onDemand, has secured $4 million

What Company Is Offering:
Verticals onDemand is the leading provider of Software-as-a-Service (SaaS) CRM applications to the pharmaceutical and biotechnology industry. Founded by software industry veterans, the company combines deep industry domain expertise, CRM deployment experience, and Software as a Service (SaaS) operations savvy with from, the world’s first multitenant, on-demand platform. Verticals onDemand customers are achieving the fastest time to value through the deployment of fully functional CRM applications that are simple to deploy, inexpensive to operate, and provide a superior user experience.

How Much They Got From VCs:

Verticals onDemand, the leading provider of Software-as-a-Service (SaaS) CRM solutions for the pharmaceutical and biotechnology industry, has secured $4 million of funding from Emergence Capital Partners. Emergence Capital Partners is a leading venture capital firm that specializes in investing in technology-enabled services companies. Some of Emergence’s other investments include (CRM), SuccessFactors (SFSF), and HireRight (HIRE).

"Verticals onDemand is capitalizing on two of the next big trends in SaaS – vertical markets and platform-as-a-service," said Gordon Ritter, general partner of Emergence Capital. "The company’s focus and deep domain expertise in the pharmaceutical and biotech CRM market, unique platform and development experience, and track record of serving global enterprise customers have quickly made them the market leader."

This latest funding for Verticals onDemand will be used to accelerate the growth of the company’s flagship VBioPharma™ SaaS CRM application in the life sciences market and to expand the product footprint into other vertical markets.


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