Data and analytics ISV TimeXtender secures investment from Monterro

Data and analytics software vendor TimeXtender announced they have taken a new investment from Nordic B2B software investor Monterro.

The funds will be used to “further accelerate the growth of TimeXtender’s low-code data estate builder,” according to the company. And TimeXtender’s founders Heine Krog Iversen and Anne Krog Iversen will remain on board to lead the company.

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“Monterro is a bunch of super cool people. They have a strong background in software and a partner-driven business model," said Heine Krog Iversen, founder and CEO of TimeXtender. “Monterro and TimeXtender share the same vision and ambitions for TimeXtender, and we are exceedingly enthusiastic about taking the next step on our journey with Monterro.” He added that the investments will accelerate innovation and allow the company to better serve their partners and customers.

TimeXtender’s offers a “data estate builder” that helps organizations improve data integration and preparation from multiple data sources to support advanced analytics and artificial intelligence.

“We’re impressed by the team at TimeXtender and its innovative solution,” says Martin Henricson, managing director at Monterro and future chairman of the board at TimeXtender. “What’s even more exciting, is that there’s still a lot of potential to scale ...