Switzerland-based software maker Nexthink said on Monday it has raised $180 million from private equity firms Permira, Highland Europe and Index Ventures at a valuation of $1.1 billion. Nexthink, which currently has 1,000 customers, recorded more than $100 million in annual recurring revenue in 2020.
Pedro Bados, CEO and co-founder of Nexthink said, “The rise in remote working has dramatically accelerated the need for digital employee experience, as a big part of all the interactions that employees have with companies are now digital. We see a huge opportunity ahead of us to redefine the future way in which companies will provide digital workplaces to their workforce.”
Nexthink provides a digital experience management platform to IT teams to discover, monitor, and improve the digital services they provide to their employees. Through a combination of real-time analytics, instant remediation, automation, and employee feedback across all endpoints empower IT teams to continuously improve employees’ digital experiences, solving problems in minutes instead of days.
The raised capital will be used to boost Nexthink’s innovation, rapid growth, and expansion, particularly in the US.
Announcement: Nexthink Raises $180M for Employee Experience Platform