JMI Equity leads $38M venture round for Utah-based software firm AtTask
San Diego-based software investor JMI Equity announced on Tuesday that it has led a $38-million Series D funding round for AtTask. The latter is a Utah-based firm that creates work flow management software, according to UT San Diego.
AtTask will use the new funding to expand its market share and develop more focused work management app for big enterprises, the report detailed.
The JMI-led round was AtTask's fourth financing. Previous investors Escalate Capital, University Venture Fund, and GreenSpring Associates also contributed to the said round, the report added.
The Utah company markets a software-as-a-service (SaaS) product that helps streamline the process of work flow. The firm's clients include HBO, Adobe, Kellogg's, Cisco, Disney, and Tommy Hilfiger, the report stated.
Launched in 1992, JMI has now invested in 110 businesses and holds $2.1 billion worth of assets under management. The software investor currently has headquarters in San Diego and Baltimore, UT San Diego reported.