![]() ![]() COLORADO SPRINGS, CO(Marketwired Apr 8, 2015) Cherwell Software today announced that Elizabeth Salomon has joined the company as Chief Financial Officer. Harman was previously a board partner at. Cherwell is backed by Insight Venture Partners. The company has taken a 25 million investment from Insight Venture Partners, a New York-based venture capital and private equity firm. Drew Harman is a Managing Director with Insight Partners, where he manages enterprise SaaS portfolio companies as a board member and strategic advisor. Cherwell was acquired last year by Ivanti Inc. Salomon was CFO at Marshall &Swift/Boeckh and its holding company Decision Insight Information Group. Insight also led the 200 million round into Quantum Metric. While at Cherwell, he raised 222 million largely led by Insight Venture Partners. “We are looking forward to working closely with the management team at Fenergo as they build on the company’s success to date and realise its full growth potential,” he added. Brown founded Cherwell Software in Colorado Springs in 2004 as an IT service management software company. "Continued pressure on financial institutions to improve their compliance work, while at the same time managing margins and increased regulation, has created the need for integrated digital solutions that enable reduced operating costs, improve capital allocation and comply with regulations," said David Nicault, a partner at Bridgepoint. In the financial year ending March 2021, Fenergo’s revenue increased by 17 per cent to $107 million. 8, INCDNT - 007, Incident Management, Does your solution have the ability to. or Section 30 (h) of the Investment Company Act of 1940. Filed pursuant to Section 16 (a) of the Securities Exchange Act of 1934. STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP. It currently employs about 1,000 people with Mr Murphy predicting headcount will increase dramatically in the future. Same as we described above, in Cherwell this is all right click, drag drop. UNITED STATES SECURITIES AND EXCHANGE COMMISSION. In recent years it has also expanded into new sectors such as asset and wealth management. Fenergo works with 300 of the largest banks and insurers in the world, including ABN Amro, Aviva, Bank of China, Danske Bank, Credit Suisse, UBS, Santander and State Street.įounded in 2008, it develops software for financial institutions that helps them with issues such as regulatory compliance and managing client data. ![]()
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