Portfolio Details

Parallax

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Parallax is a provider of capacity and resource planning software that enables its customers to optimize operations and profitability via enhanced and predictive resource planning and forecasting. Its solutions aid CFOs in automating workflows, improving governance, and providing organizational insight into past performance and forward-looking forecasts used to drive strategic decisions.

A number of characteristics attracted us to invest in the business, including its:

• Attractive market opportunity – There is a multi-billion-dollar market opportunity for software and automation in the professional services industry, including the Company’s initial target market of digital services firms and other adjacent professional services segments (e.g., accounting, management consulting, architecture/engineering, legal, etc.).
• Strong commercial validation – Parallax has diversified customer traction ranging from small and mid-sized businesses to select large/enterprise level companies.
• Advanced technology platform – The Company’s software platform provides advanced predictive resource planning and forecasting capabilities and was built for flexible customer deployments, with pre-built integrations to other third-party software CRM, time tracking, project management and finance tools.
• Experienced management team – Parallax’s leadership team has deep industry knowledge and credibility from previous experience building and managing a large software design and development consultancy.

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