Chicago-based SAVO has raised $14 million in new funding led by SAP Ventures with existing investor Sterling Partners participating in the round.

SAVO’s on-demand, collaborative Sales Enablement software aims to open communication across a company’s sales teams. The software connects sales reps with the best sales materials, insights and expertise across an organization. SAVO promises to helps drive better sales conversations so reps can close more deals.

Current clients include IBM, American Express, and Staples. The new funding will be used for product development and for the expansion of SAVO’s sales enablement platform.

Crunchbase

• SAVO

Company: SAVO

Website: savogroup.com

Launch Date: March 1999

Funding: $24M

Founded in 1999, SAVO is a provider of on-demand, collaborative Sales Enablement solutions. Whether you have 10 sales reps or 10,000, SAVO plugs your sales reps into the collective genius of your entire organization by connecting them to the best resources, insights and expertise so that they never sell alone. By leveraging key Web 2.0 concepts, SAVO: Pushes the best content, resources, and information at the right time; Empowers anyone across the organization to contribute content, insights, and feedback, regardless of...

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