Jitterbit Raises $20 Million in Series B Funding Round Led by KKR to Expand Jitterbit's Market-Leading Cloud Integration Platform
Integration is critical for companies that have to compete in today's digital world. Jitterbit's cloud integration solutions bring together legacy IT infrastructure with modern cloud applications so that professionals in IT, marketing, sales and other roles can focus on doing their jobs instead of managing disparate apps and information. By making it easy to connect and orchestrate the flow of data between thousands of cloud and on-premise applications, devices and databases, Jitterbit helps modern organizations, from manufacturers and educational institutions to software and healthcare providers, automate business workflows and connect apps that empower employees, partners and customers to do more.
"This investment jumpstarts a new era for Jitterbit as we grow to meet the expanding demands of companies around the world that need to connect legacy IT with new applications that are powering the modern digital economy," said Jitterbit CEO
The funding will enable Jitterbit to become a leader in the growing integration marketplace by tailoring cloud integration to meet the demands of the modern business. Along with upgrades to the Harmony platform's performance, speed and security, Jitterbit plans to build out new solutions for key industries and ecosystems. The company also expects to hire new talent across all departments to support continued growth while maintaining a strong focus on customer success.
"We see strong growth potential in Jitterbit, which is uniquely positioned within a rapidly growing data integration market that is currently in a state of transition," Letteri said. "As more companies look to unify the data that sits across their various on and off premise systems, Jitterbit provides a great, easy-to-use tool to meet their needs. We look forward to working with the team to continue to grow the business."
KKR has a long record of supporting technology companies, having invested more than
KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world‐class people and driving growth and value creation at the asset level. KKR invests its own capital alongside its partners' capital and brings opportunities to others through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about
Jitterbit amplifies the value of enterprise applications with a modern, flexible and easy-to-use integration cloud platform. Designed for the technical business analyst, Jitterbit allows companies of all sizes to solve the challenges of application, data and business process integration between on-premise and cloud systems. Jitterbit's graphical "clicks not code" approach and modern cloud platform accelerate and simplify the design, deployment and management of modern integration projects. Privately held, Jitterbit is headquartered in
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