“Venture Funding Arrives On Time for Concord Firm” – Worcester Business Journal

The Worcester Business Journal covered ProcessUnity’s recent funding announcement:

For the first time in its 10-year history, ProcessUnity, a Concord-based risk and service delivery management software firm, has the cash to grow rapidly, and CEO Todd Stone said the money comes at a crucial time in the industry.  With a recently-acquired Series C round of venture funding — $5 million, led by Rose Park Advisors of Boston — ProcessUnity will expand its reach in existing financial services segments, as well as enter the health care industry and grow its international business, Stone said.  Securing the $5 million “tremendously exciting,” Stone said. It’s the largest round of venture funding since the private company, which has offices in historic West Concord, was founded in 2003. ProcessUnity raised $4.5 million in two prior rounds of funding from private individuals, but Rose Park is the company’s first institutional investor.  Stone said mounting pressures in the regulatory compliance realm spell increased risk for their business-to-business clients, which include names like Fidelity Investments and RBS Citizens, as well as smaller enterprises.