Mercato Partners Commends Portfolio Company Domo and CEO Josh James on Successful IPO
SALT LAKE CITY, July 10, 2018 /PRNewswire/ — Mercato Partners, a leading growth capital firm, is pleased to congratulate Domo and Josh James, founder and CEO, on a successful initial public offering. As the fourth Mercato portfolio company to hold an IPO, this milestone marks a vibrant stage for Mercato’s investment team as they focus on empowering organizations of all sizes to gain visibility into their operations and drive improvement of their results. Domo began publicly trading on June 29, 2018 on the Nasdaq under the ticker symbol “DOMO,” (NASDAQ: DOMO) selling over 9 million shares and raising $193 million in the IPO.
“Mercato collaborates with outstanding entrepreneurs to build market-leading companies,” said Greg Warnock, managing director, Mercato Partners. “We’ve watched Josh and his team grow Domo into a category-disrupting business that simplifies decision making for one-third of the Fortune 50 companies and over 1,500 customers worldwide. Modern organizations generate a wealth of data from diverse sources, making effective decision-making even more challenging. Domo uniquely solves this problem by assimilating and organizing information into actionable insights accessible from any device, anytime.”
Domo, a Utah-based Mercato portfolio company, is a cloud-based operating system for business that delivers full-suite business management insights to CEOs and executives. With Domo, decision makers in all areas of an organization gain access to real-time information necessary to collaborate better and make faster, more effective decisions.
Domo and James have been standout leaders in the software as a service (SaaS) market globally and across a thriving ecosystem of entrepreneurs, investors and software developers in Utah, dubbed Silicon Slopes.
About Mercato Partners
Mercato Partners provides both capital and guidance for companies in their growth stage. Mercato makes equity investments in high-growth technology, and branded consumer companies. The experienced Mercato team of investors, analysts and in-house performance operators combines forces with an extended network of advisors and service providers to accelerate growth. For more information, please visit www.mercatopartners.com.
Domo’s mission is to help all employees – from the CEO to the front-line worker – optimize business performance by connecting them in real time to the right data and people they need to improve business results. The company works with many of the world’s leading and most progressive brands across multiple industries including retail, media and entertainment, manufacturing, finance and more. For more information, visit www.domo.com.
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SOURCE Mercato Partners