“Domo is a cloud-based interactive dashboard platform aimed at senior executives and line-of-business users,” Gartner explains. “Domo enables rapid deployment by leveraging its native cloud architecture, an extensive set of data connectors and prebuilt content, and an intuitive, modern user experience. Because Domo is primarily used by business people for management-style dashboards, and is often deployed in lines of business with little or no support from IT, a higher percentage of its customer references report using it primarily for decentralized use cases than is the case for most other vendors in this Magic Quadrant.”
“Domo is a cloud-based interactive dashboard platform aimed at senior executives and line-of-business users,” Gartner explains. “Domo enables rapid deployment by leveraging its native cloud architecture, an extensive set of data connectors and prebuilt content, and an intuitive, modern user experience. Because Domo is primarily used by business people for management-style dashboards, and is often deployed in lines of business with little or no support from IT, a higher percentage of its customer references report using it primarily for decentralized use cases than is the case for most other vendors in this Magic Quadrant.”

A consortium that includes TPG Growth and Fidelity Investments has invested $125 million in software group Domo Inc.

Other members of the group include Salesforce, T. Rowe Price, Morgan Stanley, Viking Venture Management, Dragoneer Investment Group, GGV Capital, Greylock Partners, Institutional Venture Partners and Mercato Partners.

Domo, which was started by Omniture co-founder Josh James, had previously raised about $124 million in financing from a variety of investors. The company provides software that brings company data together into one place. Domo’s clients include H&R Block, Goodwill and National Geographic. Omniture, an online marketing and web analytics business, was acquired by Adobe Systems Inc. (Nasdaq: ADBE) in 2009.

TPG Growth is a middle market private equity firm headquartered in Fort Worth, Texas. The firm has recently invested in Elf Cosmetics and a chain of Papa John’s restaurants

 

 

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