# Changepoint Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/changepoint-2

- Industry: Software
- Headquarters: Seattle, US
- Website: www.changepoint.com
- Total disclosed funding: $26M
- Latest round: Series D (Jun 14, 2000)
- Investors on record: 5

## About

Changepoint Corporation, based in the US, offers integrated solutions for project portfolio management and professional services automation, optimizing organizational efficiency through advanced resource and financial management tools.Founded in 1994 in Seattle, US, Changepoint Corporation delivers solutions focused on project management and resource optimization. In January 2021, the company was acquired by Planview, Inc. from several investors including BEST Funds and AIM Trimark. The acquisition was finalized in February 2021, with no financial details disclosed. Changepoint has secured funding in its journey, with the latest investment being a Series D round totaling USD 25.70 mn, which has been raised entirely over its history.Changepoint specializes in providing comprehensive solutions for project portfolio management (PPM) and professional services automation (PSA). Their core offerings include a unified platform that integrates project management, resource management, and financial management tools, designed to enhance organizational efficiency and decision-making. The platform facilitates end-to-end visibility into project performance, enabling clients to optimize resource allocation and achieve strategic objectives. Changepoint's solutions cater to a diverse client base, including enterprises across various sectors such as technology, healthcare, and financial services. Their products are utilized globally, with significant market penetration in North America, Europe, and Asia-Pacific, targeting organizations seeking to improve project outcomes and resource utilization.Changepoint generates revenue primarily through a subscription-based model for its software solutions, typically structured to provide clients with ongoing access to their platform in exchange for regular payments. This transactional approach allows organizations to scale their usage based on project demands, ensuring flexibility and adaptability. Partnerships with clients often involve multi-year agreements that encompass various service tiers, including premium support and consulting services. Notable offerings within their product suite, such as the Changepoint PPM and PSA solutions, form the backbone of their revenue structure, reflecting a commitment to delivering value through enhanced project visibility and management capabilities.Changepoint plans to leverage its recent funding from the Series D round to enhance its product offerings, with an emphasis on developing new capabilities within its PPM and PSA solutions. The funding will also support potential expansions into new geographic markets, specifically targeting regions in Asia-Pacific and Europe by the end of 2023. The acquisition by Planview, Inc. is expected to facilitate strategic growth opportunities and further integration of their services.

## Funding rounds

- Series D, Jun 14, 2000, $26M — VenGrowth Capital Partners, JMI Equity, XDL Capital Group, AIM Trimark, Altamira Investment Services, Inc.

## Investors

- VenGrowth Capital Partners (https://capitalatlas.ai/funds/vengrowth-capital-partners) — Series D
- JMI Equity (https://capitalatlas.ai/funds/jmi-equity) — Series D
- XDL Capital Group (https://capitalatlas.ai/funds/xdl-capital-group) — Series D
- AIM Trimark — Series D
- Altamira Investment Services, Inc. — Series D