LinkedIn and Twitter selloffs may have tarnished technology’s golden reputation as an investment opportunity. But recent developments in the venture capital community show that technology is still a strong investment choice.
Software-company Seismic has also benefited from General Atlantic’s commitment to technology with a $40 million investment. General Atlantic Operating Partner Gary Reiner will sit on their board of directors.
A focus on global energy and commodity price reporting makes Argus a strong strategic partner for General Atlantic. This investment will allow Argus to begin its next stage of global growth. Their client base reaches over 140 countries and includes financial institutions, government agencies, international oil companies, and trading houses.
Argus’s executive chairman and publisher Adrian Binks is enthusiastic about this partnership. “We are delighted to welcome General Atlantic as our partner as we enter our next phase of growth. I am especially pleased that so many current employees are being given the opportunity to reinvest in our business going forward. Argus will remain independent, focused on reporting commodities and continuing to bring transparency to opaque and vital markets,” he said.
Sales and marketing collateral need constant updating so that they stay relevant. Seismic has created software that solves this problem for sales and marketing professionals. It’s a small sector that features great opportunity for growth.
Seismic’s products are designed to automatically update marketing presentations and sales content with fresh data and accurate financials. It used to be a manual process that often introduced errors and required trained staff and hours of labor.
The company has about 170 customers worldwide and has had success in healthcare, insurance, life sciences, and technology sectors. “There is a significant opportunity in this market for Seismic to expand its strong customer value proposition to new verticals,” Reiner said.