Sterling, VA – September 5, 2017 – EnterWorks confirmed today investment by its primary funding entity, Black Dragon Capital, which will advance the company’s progression as a leader in Master Data Management (MDM) and Product Information Management (PIM). Its B2B2C model for enabling vertical sectors to increase industry collaboration in an age of digital disruption has been cited by analysts and is a key source for its increasing growth rate that attracted the funding.
Tim Greenfield, lead partner at Black Dragon Capital (BDC) for EnterWorks and who led the investment process for its acquisition and ongoing funding, noted: “During our due diligence, EnterWorks had the highest customer satisfaction of any investment where I have been involved. By bringing additional funding and executive assets to the business, we knew its B2B2C cloud model is highly differentiated in addressing this $2 billion global MDM market.” Louis Hernandez, BDC’s founder, offered, “As an investor in EnterWorks, I know that it had a great upside to take its platform to a new level with focused R&D and intensified vertical model. We are all pleased with their high double digit growth rate and market share gains that are advancing its MDM and PIM leadership across industries.
EnterWorks is unique in the software space for its support of content and master data in a configurable, virtual data base architecture, one that houses content across multiple brands, business units, and trading partners in a single instance for global and local collaboration. The platform is cloud ready, uses its dynamic virtual data model to enable the most unique business models and digital differentiations.
According to EnterWorks CEO, Rick Chavie, “Analysts have commended us for our support of B2B2C scenarios, product insights in the cloud, and configuration without coding that empowers industry leaders to differentiate their offerings. With this funding from Black Dragon Capital, we are intensifying our R&D activities in user experience, micro-services, and the cloud. This investment will expand our existing ease of use, raise customer value and move our best in class user adoption to even higher levels. Our advantage over our global competitors is that we are building on top of our existing multi-tenant B2B2C cloud platform which is already delivering value for successful B2B and B2C omnichannel companies.
About EnterWorks® (enterworks.com)
EnterWorks® Master Data Management (MDM) and Product Information Management (PIM) solution enables companies to acquire, manage and transform product information into persuasive content that drives higher sales and new competitive strengths through e-commerce Web, mobile, print and various electronic channels. Services offered include: Master Data Management, Product Information Management, Dynamic Data Modeling, Workflow & Collaboration, Syndication & Publishing, Digital Asset Management, Geographic Localization, Portal Content Exchange, and Digital Channel Accelerators.
EnterWorks is highly ranked by top analysts and used by industry leaders. EnterWorks customers include: Ariens, Big Rock Sports, CPO Commerce, Creative Converting, Darigold, Fender Musical Instruments, Guthy-Renker, Hearth & Home Technologies, HON Furniture, HP Hood, Interline Brands, Johnstone Supply, Mary Kay, Mercer, Orgill, Publishers Clearing House, Restoration Hardware, Strategic Market Alliance, US Foods, and W.B. Mason. Learn more at enterworks.com.
About Black Dragon Capital LLC (blackdragoncapital.com)
Black Dragon Capital is a growth-oriented private equity fund focused on technology investment opportunities in e-commerce, financial services, and sports and media. Its team of industry professionals has significant operational experience, strong financial backgrounds, proven track records of success and investment experience ranging from startups to billion dollar organizations in both public and private vehicles. BDC offers a strategic difference with its real operating advice, C-level executives as partners and substantial experience in all phases of growth as well as significant international domain expertise.