Market Demand for Big Data Analytics Fuels Massive Growth for Pentaho
October 30, 2012, — Delivering the future of business analytics, Pentaho Corporation today announced that it has raised a $23 million C round led by New Enterprise Associates (NEA), with participation from additional existing investors Benchmark Capital, Index Ventures and DAG Ventures. Pentaho will use the funds to expand its development, engineering, services, sales and marketing efforts needed to support its continued growth and leadership in big data analytics.
“Pentaho Business Analytics, with its tightly-coupled data integration, business analytics and big data capabilities in one easy-to-use and cost-effective platform, has become the go-to solution for companies embarking on big data programs,” said Quentin Gallivan, chairman and CEO at Pentaho Corporation. “Pentaho has a proven big data strategy with over 300 percent increase in big data sales for the first nine months of 2012 over the same period in 2011. This Series C investment allows Pentaho to keep pace with fast-moving technology innovations, recruit the necessary talent to execute on our big data strategy, and to expand our leadership in big data analytics.”
As the first major BI vendor to introduce its big data capabilities in May 2010, Pentaho has led the charge in big data analytics. This first-mover advantage enabled Pentaho to engage with big data customers early and to continually rollout technology updates that keep its users ahead of the big data curve. Today Pentaho:
“Pentaho has carved out a massive opportunity as an analytics and intelligence layer for a wave of web-scale, open-source data solutions,” said Harry Weller, general partner at NEA. “With a robust platform that complements technology offerings across the big data stack, Pentaho is helping its customers realize the true potential of big data.”
NEA, one of the world’s largest venture capital firms, is among the most active investors in enterprise software and systems. The firm has been at the leading edge of industry transformations like Software as a Service (SaaS), virtualization, cloud computing, and now big data.
About Pentaho, a Hitachi Group company
Pentaho, a Hitachi Group company, is a leading data integration and business analytics company with an enterprise-class, open source-based platform for diverse big data deployments. Pentaho’s unified data integration and analytics platform is comprehensive, completely embeddable and delivers governed data to power any analytics in any environment. Pentaho’s mission is to help organizations across multiple industries harness the value from all their data, including big data and IoT, enabling them to find new revenue streams, operate more efficiently, deliver outstanding service and minimize risk. Pentaho has over 15,000 product deployments and 1,500 commercial customers today including ABN-AMRO Clearing, BT, EMC, NASDAQ and Sears Holdings Corporation. For more information visit www.pentaho.com.