Wednesday, January 27, 2016
Chrome River Claims Big User Growth
Los Angeles-based enterprise software developer Chrome River, which develops cloud-based expense management and supplier invoicing software, says it grew its user base by 82 percent, year over year. The company said it had record growth in 2015, and now has over 430 enterprise customers and more than 1 million users. The company did not say what that translates to in terms of revenues. Chrome River is backed by private equity investor Great Hill Partners, which invested $100M in the company in June of 2015. Chrome River is a regular on the Deloitte Technology 500 and Inc. 500 | 5000 lists in terms of growth rates. The company is led by Alan Rich.