SAN FRANCISCO, Jan. 21, 2020 /PRNewswire/ -- Beezy Inc.,
the Intelligent Workplace solution for Microsoft Office 365,
SharePoint and Teams, today announced it has recently closed a
$16,000,000 senior secured credit
facility from Goldman Sachs Merchant Banking Division to accelerate
growth and continue with its ambitious international expansion
plan.
Beezy is experiencing impressive growth driven by the increasing
need for large organizations to deliver a ready-built Digital
Workplace for Office 365 designed to improve collaboration, engage
a geographically spread workforce and increase productivity. The
company is also the only vendor that can deliver its award-winning
solution through Microsoft Teams, the fastest growing business
application in Microsoft's history.
In just the last year, Beezy has seen 3x growth in the number of
users, now reaching employees in over 80 countries and 16 languages
across the globe. It has also achieved a 70 percent compound growth
rate of its annual recurring revenue for the last three consecutive
financial years.
Beezy will use the newly acquired funds to expand its
international operations and further strengthen its investments in
product innovation, sales, marketing, and customer success to
deliver a white-glove service to its expanding roster of
world-class enterprise customers.
Additionally, this financing round will support the company's
aggressive hiring plans which include opening a New York office and staffing the newly
established Singapore office.
Beezy currently employs 60 people and expects to double its
headcount in 2020 to meet the growing market demand for its leading
Intelligent Workplace solution.
Jordi Plana, CEO, founder and
major shareholder of Beezy expressed:
"We feel honored by this endorsement of the potential for growth
and global expansion through the financing provided by Goldman
Sachs Merchant Banking Division.
This investment will help Beezy boost the transformation of the
Employee Experience in the Enterprise. Our Intelligent Workplace
solution is already used by global brands and helps them solve
their challenges around employee communications and engagement,
productivity and company culture. The capital inflow will allow us
to continue with our R&D investments in Artificial Intelligence
and UX of the product, and to scale our world-class customer
success practice to cope with the growing market demand."
About Beezy
Beezy is the all-in-one Intelligent Workplace for Microsoft
Office 365 and Teams. By extending the Microsoft productivity
stack, we empower users to communicate, share and collaborate
better, whether on-premises, in the cloud or in hybrid
environments.
Large customers such as Banco Santander, ZF, Bank of
England, CaixaBank, Finning, IHS
Markit and many more can now benefit from the full functionality of
an intelligent, modern digital workplace that brings together
Collaboration, Communication, Knowledge and Processes.
About Goldman Sachs Merchant Banking Division
Founded in 1869, The Goldman Sachs Group, Inc. is a leading
global investment banking, securities and investment management
firm. Goldman Sachs Merchant Banking Division (MBD) is the primary
center for the firm's long-term principal investing activity. MBD
is one of the leading private capital investors in the world with
investments across private equity, infrastructure, private debt,
growth equity and real estate.
Contact information
info@beezy.net
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