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Vancouver’s Tasktop is transforming how the world’s largest organizations manage the process of building software and they are having quite the year.
In December 2020, the Value Stream Management (VSM) platform announced record year-over-year growth, with over 50% growth in core business, enhanced product portfolio and offerings, and seasoned executive hires.
In March 2021, the company also released results of a Forrester Consulting Total Economic Impact Study, showing organizations using the Tasktop Viz solution realize an average return on investment (ROI) of 640% over a three year period.
In April 2021, the company raised a USD $100 million strategic investment round led by San Francisco’s Sumeru Equity Partners (SEP) to accelerate growth and expand market leadership.
RELATED: Tasktop is hiring in Vancouver
Tasktop’s solutions enable some of the largest and most successful digital transformations in recent years for customers including BMW, CGI, E*Trade and T-Mobile. Already deployed across half of the Fortune 100, Tasktop dramatically reduces time to market and increases velocity of software development.
“Tasktop delivers offerings that fundamentally transform and accelerate software development processes for some of the largest and most innovative companies globally,” said Jason Babcoke and George Kadifa, managing directors at Sumeru Equity Partners. “In doing so, Tasktop is creating a multibillion-dollar market centered on modern and efficient software and IT development. On top of this success, we see a clear opportunity to scale an outstanding product-led company into a category-defining leader.”
Sitting above the entire software development toolchain, Tasktop’s VSM platform integrates all popular software development tools – like Jira Software, ServiceNow, Azure DevOps and many more – and allows organizations to see where work is getting stuck and how they can improve.
The Tasktop platform is designed to help businesses bridge this gap between software delivery and business outcomes. Across its product suite, Tasktop provides universal metrics and unified dashboards to visualize and measure these value streams, as well as integrations to reduce costly and slow manual data handoffs to better measure the flow of software delivery.