A company isn’t much without people. That’s why it’s smart to use software that can show what happens when you bring in good people and keep the best ones around.
One startup with software for performing these computations, Visier, announced today that it has raised $25.5 million in new funding.
Visier brings together data from lots of a company’s different data sources, including software like Taleo, and then lets human resources (HR) people create dashboards and visualizations of the data. It’s purpose-built for HR work, unlike complex data warehouses or business-intelligence software that allows for analysis of lots of data types.
Now Visier can try to become a known quantity in the HR business, which is far from uncharted territory.
The startup goes out of its way to say on its website that its software can take in data from Workday’s human resources and finance software. Nevertheless, publicly traded Workday could represent competition for Visier, as could companies like SAP, where Visier cofounder and chief executive John Schwarz previously worked.
Before that, Schwarz was chief executive of business-intelligence software company Business Objects, which SAP bought in 2007.
Along with legacy vendors like SAP and Oracle, startups with cloud-based software for tracking or predicting workforce trends could also present competition to Visier. SilkRoad fits in that camp, among others.
Visier, based in Vancouver, B.C., and San Jose, Calif., started in 2010. To date it has raised $49.5 million, including last year’s $15 million round.
Adams Street Partners led the new round. Foundation Capital and Summit Partners also participated.
Customers include ConAgra, Hyatt, NetApp, Nissan, and Time Inc., according to Visier’s website.
Visier's mission is to build analytic applications that identify the most important insights and deliver them to HR professionals in an easy to use and enjoyable way. Founded in 2010, Visier... All Visier news »