# Centage Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/centage

- Industry: Software
- Headquarters: Framingham, US
- Website: www.centage.com
- Total disclosed funding: $32M
- Latest round: Series C (Jan 24, 2019)
- Investors on record: 2

## About

Based in the US, Centage Corporation specializes in delivering financial planning and analysis (FP&A) solutions that enhance budgeting, forecasting, and financial reporting for organizations across various sectors.Centage Corporation, founded in 2001, is headquartered in Framingham, US. The company focuses on developing innovative FP&A software. Recently, on April 26, 2023, Scaleworks acquired Centage Corporation from Northgate Capital and TVC Capital for undisclosed financial terms. The company has successfully completed five funding deals, with the latest round being a Series C raising USD 8.560 mn led by TVC Capital, which brings the total amount raised to USD 8.560 mn. The current CEO is John Murdock and Peter Messana, who have played pivotal roles in steering the company towards its financial technology objectives.Centage Corporation provides an integrated suite of financial planning and analysis (FP&A) solutions, facilitating improved budgeting, forecasting, reporting, and scenario planning. Their flagship product integrates real-time payroll data with dynamic personnel planning, allowing organizations to effectively model labor changes and evaluate their financial impacts. Key features include salary-level workforce planning aligned with payroll data, structured budgets based on workforce assumptions, and automated rolling forecasts that adapt to changes in headcount or payroll. Their primary clientele consists of finance teams in labor-intensive organizations, particularly in the US, including housing authorities and healthcare providers, ensuring compliance with audit-ready reporting and enabling seamless integration with existing financial systems.Centage generates its revenue through a subscription-based model for its FP&A software, which grants clients access to a comprehensive suite of budgeting, forecasting, and reporting tools for a specified term. The company primarily engages in B2B transactions, offering tailored solutions that meet sophisticated financial planning requirements. Clients subscribe to various service tiers based on their unique needs, which include expert guidance and continuous support from FP&A specialists. This transaction model fosters ongoing client relationships, enhancing long-term partnerships while delivering robust features that enable scenario modeling and consolidated reporting.Centage Corporation is focused on expanding its reach and enhancing its product offerings. The company has plans to launch new products aimed at optimizing financial planning capabilities, with specific release dates to be announced. Furthermore, it is targeting expansion into new markets, particularly within North America and Europe, within the next 18 months. The recent funding from the Series C round, amounting to USD 8.560 mn, will be utilized to support these initiatives, enhancing product development and market penetration efforts.

## Funding rounds

- Series C, Jan 24, 2019, $8.6M — TVC Capital
- Series A, Feb 29, 2016, $14M — Northgate Capital, TVC Capital
- Series A, Sep 24, 2014, $9.5M — Northgate Capital, TVC Capital

## Investors

- Northgate Capital (https://capitalatlas.ai/funds/northgate-capital) — Series A
- TVC Capital (https://capitalatlas.ai/funds/tvc-capital) — Series A, Series C