Samanage, an employee management platform, has bagged $30m in its Series D round.
The capital was supplied by Morgan Stanley Expansion Capital, the growth-focused investment division of Morgan Stanley.
With this burst of capital, the company will look to continue its YoY growth and expand its global market share into the IT service management space.
Samanage provides enterprises with a cloud-based suite of tools to improve, simplify and automate complex operations and management needs. Some of its offerings include incident management, reporting, asset management, benchmarking, ticketing and risk detection.
The platform is used by financial services organisations to help improve their security and compliance needs. Its technology is able to modernise employee experiences, lower silos preventing service quality and optimise sensitive data handling.
Its services are used across IT, HR, finance, facilities, and marketing teams to improve customer experiences.
The company has witnessed strong growth over the past couple of years, with it now supporting more than 2 million users globally.
Samanage founder and CEO Doron Gordon said, “By providing the most innovative employee service management solution in the market, we are able to focus on redefining the service experiences of our customer’s employees. Samanage gives organizations the ability to dramatically improve employee engagement and productivity.
“Service Success translates to employee success, and ultimately, business success — and that’s what Samanage is all about. We are excited to partner with Morgan Stanley Expansion Capital to accelerate our vision.”
Last week, Morgan Stanley co-led the $80m Series E funding round of Californian graph database company Neo4j.
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