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Fundings heat up despite polar vortex

Vistex, a software provider whose administrative platform helps companies automate processes and reduce costs, raised $65 million in funding from Silicon Valley-based fund Accel-KKR, with an option to secure an additional $40 million in the future. With the funding, the company plans to make strategic acquisitions, invest in the evolution of its cloud portfolio, and open a new Chicago office to house some of the 300 new staff it plans to hire over the next few years in sales, marketing and engineering roles. [Built In Chicago]

Article source: https://www.builtinchicago.org/2019/01/31/tech-roundup-013119

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