Tuesday, 16 June 2015 16:35

Unleashed, software company raises $4.5m for ANZ, global expansion Featured

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The New Zealand founded inventory management Software-as-a-Service (SaaS) developer, Unleashed Software, has completed a $4.5 million capital raising, with the money to be used to strengthen the company’s trans-Tasman operations and to fund further expansion in the US market.

Unleashed CEO Gareth Berry said the additional funds serve as a platform for growth for the 2016 fiscal year, and “now it’s all about executing on our product roadmap, as well as our marketing, channel and influencer programs and campaigns”.

“This will help us win further market share in Australia and New Zealand, and extend our reach to the United States and soon, the United Kingdom.”

Berry said existing investor Craig Winkler, founder of MYOB, was amongst backers of the new capital raising.

“With the continued support of our stakeholders, we have spent the last 12 months rounding out our executive leadership team, improving our software to ensure customers have the features and functionality they need, and delivering a great support experience.”

Berry said this latest round of capital raising follows a successful six months during which Unleashed employed its first US staff, appointed a new Chief Technology Officer, Lisa Miles-Heal and Chief Marketing Officer, Anthony Mordech, and launched its integration with Intuit’s QuickBooks Online business and financial management software.

And, he notes that the company was also recently named finalist for the NZ Hi-Tech Emerging Company of the Year Award and Manufacturer’s Monthly Endeavour Award in the application category.

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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