Supplier News
US – VizExplorer confirms investment from Morgan Stanley Expansion Capital
By Phil - 18 April 2018
San Diego-based VizExplorer, a specialist in analytics, data visualisation, and operational intelligence, has announced the closing of a strategic investment round by Morgan Stanley Expansion Capital which will allow it to accelerate growth and advance its product roadmap.
The investment will enable VizExplorer to scale business operations, enhance its analytics platform for the casino industry, and deliver new solutions for additional verticals including manufacturing, entertainment venues and healthcare. Morgan Stanley Expansion Capital is the growth-focused private equity platform within Morgan Stanley Investment Management. VizExplorer was previously owned by Endeavor, which will continue to have a minority investment in the company.
VizExplorer provides critically important technology to more than 600 casino properties across six continents, giving operators new ways to view and act on their data to drive efficiency and enhance profitability. With the support of Endeavor, VizExplorer has emerged as a leader in the real-time analytics and operational intelligence category, experiencing more than 65 percent average revenue growth and a 13-fold increase in annual recurring revenue since 2013. VizExplorer has approximately 150 employees in its offices in San Diego, Las Vegas and Wellington, New Zealand.
As a result of the investment, Morgan Stanley Expansion Capital becomes VizExplorer’s strategic investment partner. VizExplorer will invest in and leverage its unique, patented technology to provide sophisticated analytics, data visualisation and operational intelligence solutions that drive revenue and efficiencies for its customers across industries.
Board members Ian Bonner and Ron Frankel said: “We are thrilled to have Morgan Stanley Expansion Capital’s fund as an investor in VizExplorer. We believe that their investment will allow us to continue to innovate on behalf of our casino customers, build on our market momentum, and accelerate our ability to deliver new solutions for gaming and other industries.”
Pete Chung, Managing Principal and Head of Morgan Stanley Expansion Capital, added, “VizExplorer has shown tremendous vision and discipline in its execution to-date. We are excited to partner with the VizExplorer team to support the next chapter of continued success and to create value for all stakeholders – today and in the future.”
