Sitecore's $1.2B Funding Round, Adobe Experience Platform Up

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Farknot Architect
Digital experience software provider Sitecore got another billion-dollar plus nod for its software. The company announced this week that it received a $1.2 billion private investment. This comes nearly five years after EQT, a private equity investor, acquired Sitecore for $1.14 billion.
Sitecore CEO Steve Tzikakis said in a statement shared with CMSWire, “This investment will enable us to fuel product innovation, more than double our go-to-market presence, expand Sitecore’s geographic footprint and enhance our global brand. In fact, with these funds, we already have plans to open offices in Spain, Italy and the Middle East to meet growing demand in these markets.”

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