Growth investment to accelerate growth, broader adoption and product roadmap
April 17, 2018, San Diego – VizExplorer today announced that it has closed a strategic investment round by Morgan Stanley Expansion Capital. 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 visualization and operational intelligence solutions that drive revenue and efficiencies for its customers across industries.