Tempo Software Company Profile

Background

Overview

Founded in 2007, Tempo Software is a privately held company specializing in cloud-based business productivity solutions. The company is headquartered in Burlington, Massachusetts, and employs approximately 350 individuals. Tempo's mission is to assist large-scale enterprises in planning and scheduling resources effectively, enabling teams to stay on track, on time, and within budget. Their suite of products integrates seamlessly with platforms like Jira, facilitating collaboration, budget management, and time tracking directly within daily workflows.

Key Strategic Focus

Core Objectives and Specialization

Tempo Software focuses on providing modular and flexible solutions that help teams orchestrate the creation and delivery of work. Their products are designed to align strategy, systems, and people, allowing teams to focus on their highest priorities. The company's offerings include:

Tempo Timesheets: Time tracking and reporting.

Tempo Planner: Resource planning and management.

Tempo Budgets: Financial management and forecasting.

These tools are primarily targeted at large enterprises across various industries, aiming to enhance productivity and project management efficiency.

Financials and Funding

Funding History

Tempo Software has undergone six financing rounds, with the latest being a buyout/leveraged buyout (LBO). In 2018, Diversis Capital invested in the company, providing growth capital to expand its product offerings and market reach.

Pipeline Development

Product Development and Acquisitions

Tempo Software has expanded its product suite through strategic acquisitions:

2021: Acquired Roadmunk, adding strategic roadmapping capabilities.

2021: Acquired ALM Works, incorporating Structure PPM and Gantt Charts.

2023: Acquired LiquidPlanner, enhancing portfolio management features.

2023: Acquired Old Street Solutions, adding Custom Charts for Jira and Confluence.

2024: Acquired Alpha Serve, integrating BI Connectors for Jira.

These acquisitions have bolstered Tempo's capabilities in strategic portfolio management and data visualization.

Technological Platform and Innovation

Proprietary Technologies and Methodologies

Tempo Software's solutions are built on a robust technological platform that integrates with Jira, providing users with tools to manage time, resources, and budgets effectively. The company's products are designed to be modular and flexible, allowing teams to adopt tools that fit their processes and scale as needed.

Leadership Team

Executive Profiles

Mark Lorion: Chief Executive Officer.

Adam Wallace: Head of Technology.

Jeffrey Bolke: Head of Revenue.

Gregg Clevenger: Head of Finance.

Shannon Mason: Head of Strategy.

CC Cyr: Head of People.

Joe Watson: Head of Product.

This leadership team brings diverse experience in technology, finance, strategy, and human resources, guiding Tempo's growth and innovation.

Competitor Profile

Market Insights and Dynamics

The business productivity software market is highly competitive, with numerous players offering time tracking, resource management, and project management solutions. Key competitors include:

Clockify: Offers time tracking and reporting tools.

Hubstaff: Provides time tracking with employee monitoring features.

TimeCamp: Focuses on time tracking and invoicing.

Harvest: Combines time tracking with expense management.

Toggl Track: Offers simple time tracking with reporting capabilities.

These competitors provide various features that cater to different aspects of project and resource management.

Strategic Collaborations and Partnerships

Industry Recognition

Tempo Software has been recognized as an Atlassian Partner of the Year multiple times, highlighting its strong partnership with Atlassian and its commitment to delivering high-quality enterprise applications.

Operational Insights

Competitive Advantages

Tempo's integration with Jira and its modular approach to software development allow it to offer flexible solutions that can be tailored to various team processes. This adaptability, combined with strategic acquisitions, positions Tempo as a comprehensive provider of project and resource management tools.

Strategic Opportunities and Future Directions

Expansion and Innovation

Tempo Software aims to continue expanding its product offerings through strategic acquisitions and partnerships. By focusing on innovation and customer-centric solutions, the company seeks to strengthen its position in the business productivity software market and support teams worldwide in achieving their project management goals.