Zyme Receives Over $100M Investment from Insight Venture Partners
Summary
Zyme, a Redwood Shores, CA-based provider of channel data management (CDM) platform, received an over $100M majority investment from Insight Venture Partners.The investment agreement, which is subject to customary closing conditions, is expected to be completed within the second quarter of 2017.Led by Chandran Sankaran, CEO, Zyme has built a cloud-based CDM technology platform that enables customers across the world to leverage data and analytics to optimize business processes like sales execution, inventory management, partner rebates and incentives, marketing and financial compliance.With a channel directory of more than 1.5 million partners, the company processes more than one billion transactions annually across more than 150 countries.Customers include Amazon, Dell, Fujitsu, GE, Microsoft, Plantronics, Seagate, Symantec, VMware and Xerox.