Monday, August 18, 2014

Convercent Claims Record Quarter

Denver-based Convercent, the startup backed by SAP Ventures, Azure Capital, Rho Capital Partners and Mantucket Capital, says it has had a record second quarter ending June 30th. The privately held firm did not release any financial details of that quarter, but did say it had a 136% quarter-over-quarter growth. The company said the quarter was driven by wins with such companies as Philip Morris International, CH2M HILL, Under Armour, Einstein Noah Restaurant Group, Juniper Networks, and Dolby Laboratories. Convercent develops enterprise governance, risk and compliance software-as-a-service.