Vena Solutions Strengths, Domain Expertise, and Key Differentiators
Vena Solutions redefines how medium and large sized companies manage their budgeting, planning and forecasting. Vena provides a cloud-based financial planning and analysis (FP&A) solution that combines Excel with a centralized database, sophisticated workflow, powerful reporting and advanced analytics. Almost 500 of the world’s best companies use Vena to get trusted insights that drive faster, smarter business decisions.
Vena Solutions Recent Developments
In April 2020, Vena Solutions, provider of the platform that connects people, process and technology to propel integrated business planning, today announced an Agile Planning Quick Start Package to support businesses through uncertain times. The package provides a four-month, free subscription to the Vena FP&A platform, including meaningful cost savings on a quick start implementation solution for integrated agile planning and budget orchestration, helping professionals plan for today and tomorrow.
December 2017, Vena Solutions announced Revenue Performance Management, a new, industry-first solution designed for SaaS and subscription-based businesses to better allocate resources and align departments to maximize revenues, profitability and business growth.
Vena Solutions Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Vena Solutions applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Vena Solutions and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Vena, customers.
Vena Solutions Overview
Ownership: - x
Number of Employees: 550
Functional Market: Workforce Analytics,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K357, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Vena Solutions Key Cloud and HCM Applications
Vena Solutions HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Vena Solutions Revenue Breakdown by Type:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Vena Solutions HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2021 HCM Revenues, By Sub-Functional Markets, $M
Vena Solutions HCM Applications Revenues By Verticals, $M:
Vena Solutions Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 HCM Applications Revenues, $M|
Vena Solutions Direct vs Indirect sales
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Vena Solutions Customers - Breakdown by Geo, Size, Vertical and Product
No. of Vena Solutions Customers: 1000
No. of Vena Solutions HCM Applications Customers: 1000
No. of Vena Solutions Cloud HCM Customers: x
No. of Vena Solutions Cloud HCM Subscribers: x
Vena has more than 1000 customers worldwide, in sectors ranging from financial services and high tech to manufacturing and hospitality. Among financial services firms, the company now counts three of the top ten U.S. banks as customers who trust Vena's cloud platform for budgeting, regulatory reporting and other critical processes. Here are some of Vena clients: AES, Atlanta Hawks, BlueCross BlueShield, BNP Paribas, BrockWhite, CB Trust, Celadon, Columbia Distributing, EagleBank, Firstwind, General Atomics, Hecla Mining Company, Hermes Fund Managers, Home Trust, Martinrea, McDonald's Canada, McMaster Universityty, Ontario Clean Water Agency, Oshkosh, Pan American Silver Corp., Parmalat, Regions Financial Corporation, Republic Airways, Sentry, Stackpole International, Tupperware, USAA, WCA Waste Corporation, William Lyon Homes, ADAC Automotive, Bardel Entertainment, Inc., Bayview Asset Management, Biola University, Canadian North, Cumming, Dare, Embrace Homeloans, Emory University, GEHR, Hitachi, Kalmar, Kremers Urban Pharmaceuticals, Lifeline Scientific, Lifeworks, Maritime Travel, Valley View Hospital, Vascular Solutions, Western Energy Services Corp., Workopolis and many others.
Vena Solutions Market Opportunities, M&A and Geo Expansions
In April 2021, Vena has raised $300 million in Series C funding. The minority round is one of the largest for a Canadian tech company and is led by Vista Equity Partners (“Vista”), With this round, Vena has raised over $450 million, positioning the company as the corporate performance management (CPM) platform of choice for finance and operations professionals and validating Vena’s mission to power its customers’ Plan To Grow™.
In September 2020, Vena received growth capital financing from CIBC Innovation Banking. The funding enables Vena to accelerate growth by further expanding product content and market reach.
At the beginning of 2019, Vena Solutions, one of the fastest growing providers of cloud-based financial planning and analysis (FP&A) software, has raised $115 million in equity financing. JMI Equity led the round, and was joined by existing investor Centana Growth Partners who led Vena’s $30 million financing in 2016.
Vena will use the investment proceeds to accelerate its industry-leading growth and scale its operations to meet the financial and business planning needs of thousands of customers worldwide.
Vena Solutions Risks and Challenges
August 2019, Vena Solutions has appointed Hunter Madeley as its new Chief Executive Officer after founding CEO Don Mal announced his retirement as chief executive and will remain with the company in an advisory and support role. This transition in their leadership could drive to a different strategy and goals.
Vena Solutions Ecosystem, Partners, Resellers and SI
Vena have forged strong relationships with a range of strategic, implementation and reseller partnerships around the world who help them to serve many customers. Among them are: FinancialForce, Sage Intacct, Certent, Flexi, Deltek, Microsoft, Netsute, Alphavima Technologies, Anchor Group, Alta Vista Technology, CLD Partners, CrossCountry Consulting, Delbridge Solutions, Endeavour Solutions, Fluence technologies and others.
Vena Solutions Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Vena Solutions Public Cloud and Infrastructure (IaaS)
- Vena Solutions Platform (PaaS)
- Vena Solutions Application Delivery
- Vena Solutions Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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