Fluence Raises $10 Million from Banneker Partners

Fluence Technologies welcomes Michael Morrison as New CEO

Fluence Technologies, the only provider of financial close and consolidation software for mid-sized companies, announced the close of a $10 million (USD) funding round with Banneker Partners, an enterprise software-focused investment firm based in San Francisco, California. Concurrent with the funding, Fluence is proud to welcome 25-year performance management software veteran Michael Morrison as the company’s new chief executive officer. Fluence will use proceeds from the funding to accelerate its rapid growth in financial close and consolidation software for the mid market. To expand its customer base and product offering, the company is already accelerating its product roadmap and making considerable new investments in its services, customer success, sales and marketing teams. Cpmview has recently implemented Fluence at Kinly and has recognized the potential of Fluence as a powerful consolidation solution. We are looking forward to helping our clients benefit from all new Fluence possibilities and the further professionalization of its organization.