Tempo
Overview
Tempo Software is a developer of cloud-based business and productivity software designed to aid large enterprises in planning and scheduling resources. Founded in 2006 and headquartered in Burlington, Massachusetts, Tempo specializes in solutions that integrate seamlessly with Atlassian's Jira, providing tools for time tracking, resource planning, and budget management. The company has raised significant funding over six rounds, with notable investors including Sweetwater Private Equity and Diversis Capital. Led by founders including Moawia Eldeeb, Tempo holds a strong market presence with over 400 employees and 20,000 customers globally.
Recent Developments
- September 2025: Tempo Software raised a third round of funding, amounting to $398 million, boosting its valuation to $250 million. Key investors included SoftBank and Khosla Ventures.
- April 2025: Tempo Software was named the Atlassian Partner of the Year in the Enterprise Apps category, reinforcing its reputation in the software development community.
- 2024: Tempo acquired Old Street Solutions, expanding its product offerings and technological capabilities. This acquisition was part of a strategic effort to enhance its project management features within the Atlassian ecosystem.
- Late 2023: Tempo announced the release of an advanced AI-driven analytics module designed to optimize resource allocation and project management efficiency within Jira.
- Summer 2023: Tempo increased its workforce to over 400 employees globally as part of its expansion strategy to meet growing demand in Europe and Asia.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2006 |
| Headquarters | Burlington, MA, USA |
| Founders | Moawia Eldeeb |
| Revenue | Not disclosed |
| Profits | Not disclosed |
| Key Investors | Sweetwater Private Equity, Diversis Capital |
| Industry | Business/Productivity Software |
| Number of Employees | 400+ |
Early History
Tempo Software was founded in 2006 as a response to the growing need for integrated project management software. Initially focused on developing solutions that would integrate with existing project management tools, Tempo quickly recognized the potential within Atlassian’s ecosystem, particularly its Jira platform. By 2009, Tempo had become one of the largest developers within the Atlassian Marketplace, a position it strengthened through strategic acquisitions and partnerships over the next decade. This focus allowed the company to quickly grow its customer base, enabling businesses to streamline operations, manage resources effectively, and improve productivity across various industries.
Company Profile and Achievements
Tempo Software's business model revolves around providing Atlassian-native products designed to enhance project management through tools focused on time tracking, budget management, and resource planning. Key achievements include:
- 2009: Integration with Atlassian’s Jira, which significantly increased its customer base.
- 2015: Launch of Tempo Planner and Tempo Timesheets, which solidified its position as a leader in software project management solutions.
- Awards: Consistent recognition as a top vendor by Atlassian, earning the title of Partner of the Year multiple times.
- Customer Base Expansion: Over 20,000 businesses worldwide, including numerous Fortune 500 companies, utilize Tempo’s software solutions.
Current Operations and Market Position
Tempo continues to leverage its strong position within the Atlassian Marketplace to expand its suite of productivity-enhancing tools. The company maintains a significant market share in the project management software industry, offering a competitive edge through its robust data analytics and real-time collaboration capabilities. Recent strategic initiatives include enhancing AI-powered analytics within their software offerings, and expansion into new geographical markets such as Asia and Europe. The company is unique in its prolific use of AI technologies to deliver personalized solutions to its global clientele.
Conclusion
Tempo Software holds significant influence within the business productivity software industry due to its integrative approach and strong partnership with Atlassian. With continuous investments, strategic acquisitions, and product innovations, Tempo is well-positioned for future growth. Its commitment to enhancing workplace productivity and resource management keeps it at the forefront of industry trends. As businesses increasingly look for integrated software solutions to streamline operations, Tempo Software is poised to remain a vital player in the market, offering sophisticated, adaptable, and user-friendly tools for business efficiency.