FOR IMMEDIATE RELEASE: June 11, 2021
Boston, MA: OnProcess Technology, a global pioneer powering the world’s circular service value chains, announced today that it has raised a significant investment round from existing shareholders and investors which will be used to further accelerate its digital and growth strategies.
Approved at the recent annual shareholder’s meeting on 12th May 2021, the investment will be used primarily for the development, marketing and delivery of new cloud-based platform products, which will support both the existing Business Processing and Managed Services (BPaaS) business as well as OnProcess’s new Digital Transformation business.
As organizations continue to build their focus on their after-sales services and supply chains and look increasingly towards digital-first communication channels, OnProcess’s strategy to be the digital transformation partner of choice is well placed. The new investment will boost OnProcess’s technology platform and products that support that digital strategy.
The technology platform will be a suite of highly configurable applications, tools, integration and communication frameworks, orchestration, and intelligence engines, delivered as cloud services. With the first product releases due in September, the developments will accelerate OnProcess’s go-to-market plans to provide after-sale supply chain solutions as-a-Service. They will also be key enablers of OnProcess’s vision of driving “circular” service supply chains, which puts sustainability and customer lifetime value at the very heart of the as-a-Service economy.
In addition to the investment, a new Board of Directors was unanimously approved by all shareholders present at the meeting. The board now includes two new director appointments – Enrico Palmerino, the founder and CEO of Botkeeper, and Mike Milburn, President of Salsify and previously Chief Customer Officer at Salesforce. Victor Martinez-Angles, who has been a director of the board since 2011, is the new Chairman of the board, joining existing board director Narayanan Venkitraman along with Oliver Lemanski, CEO of OnProcess, and Meave O’Marah, CFO of OnProcess.
Oliver Lemanski, CEO of OnProcess, spoke of the strategic investment decisions, “We are grateful to our current investors for their trust in our strategic path around both internal and external digital transformation. This significant investment will allow us to focus on developing new digital products and services, and combine it with a strong marketing strategy, which will be crucial for our growth and transformation plans”.
About OnProcess Technology, Inc.
OnProcess supplies technology and services that powers the world’s circular service supply chains. Providing managed services and digital transformation expertise that streamlines processes, maximizes customer lifetime value, and improves ‘circular’ sustainability goals, OnProcess is a trusted advisor to many of the world’s leading computer, networking, med-tech, wireless, telecommunications, and IT companies.
OnProcess Technology, Inc.