Empyrean Solutions, a Woburn, MA-based supplier of threat and efficiency administration software program for monetary establishments, obtained an funding from Hg.
Spectrum Fairness additionally partipated within the deal, whose quantity was not disclosed.
The corporate intends to make use of the funds to speed up its product roadmap investments to deal with extra ‘Workplace of the CFO’ software program options, designed particularly for monetary establishments, in addition to increase gross sales and advertising and marketing efforts.
Led by CEO Chris Maclin, Empyrean gives a platform that solves mission crucial challenges for finance groups at monetary establishments, who traditionally have needed to navigate giant portions of siloed knowledge, antiquated software program functions and sluggish, static modelling. Its platform permits banks and credit score unions of all sizes to attach and course of huge knowledge units, spanning loans, treasury and funding positions, deposits and common ledger info all at a transaction stage.
Whereas Empyrean began as a specialist in Asset & Legal responsibility Administration (ALM), the platform at present spans Budgeting and Planning, Profitability, Information & Analytics and plenty of different key features for the finance groups of monetary establishments.
Empyrean works with banks and credit score unions, starting from $50 million to $200+ billion in property.
FinSMEs
22/11/2024
