SafetyChain Software Receives $50 Million Strategic Growth Investment from JMI Equity
Summary
With the additional capital SafetyChain will continue to advance its market leadership positions in food and beverage and consumer packaged goods while also accelerating the growth of several key expansion initiatives. The comprehensive solution helps manufacturers improve material yield, maximize plant productivity, and ensure compliance – thereby reducing waste, risk, and cost in the process. “ By consistently delivering innovative solutions and meaningful ROI to customers, SafetyChain has become a proven market leader in quality, compliance, and production management,” says Sureel Sheth, Principal at JMI. “ We believe the company will continue to lead digital transformation across all manufacturing sectors, and we are excited to partner with Barry and the entire SafetyChain team.” Added Peter Arrowsmith, Managing General Partner at JMI, " SafetyChain embodies the qualities we look for in successful SaaS businesses: tremendous potential to expand value with existing customers, market expansion opportunities, and agility to address global needs. Founded in 1992, JMI has invested in over 165 businesses in its target markets, successfully completed over 110 exits, and raised more than $6 billion of committed capital.
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