Welcome!

CRM Authors: Xenia von Wedel, Ian Khan, PR.com Newswire, Steve Mordue

News Feed Item

ParAccel Closes Record Q1 Revenues and $20 Million Investment Round

500% YOY Growth Fueled by Market Demand for ParAccel Analytic Platform

CAMPBELL, CA -- (Marketwire) -- 04/25/12 -- ParAccel, Inc., a leading enterprise analytic platform provider, today announced record Q1 revenue and the close of $20 million in funding from its existing investors. The company will use the investment to expand and capture the growing demand for ParAccel's analytic platform, which helps companies gain competitive advantage through unconstrained insights into their data.

"We are off to a great start for 2012, as Q1 was the largest quarter in the history of the company," said Chuck Berger, chairman and CEO for ParAccel. "The confidence demonstrated by our core investors doubling down on ParAccel underscores the momentum we're experiencing with customers and the sharp uptick in market demand for ways to harness big data to develop new business insights."

ParAccel's growth is fueled by both the addition of new customers to its client roster and expansions with existing customers, giving the company over a 500 percent increase in Q1 revenue year over year. ParAccel also expanded its sales, solutions and product marketing leadership team to help the company meet surging demand for its solutions. The company added industry veterans Greg Petraetis, vice president of sales, and John Santaferraro, vice president of solutions and product marketing, based on their proven track record of success in business acceleration.

The companies using ParAccel solutions span a wide range of industries, including financial services, government, healthcare, travel, hospitality, information service provider and customer relationship management. ParAccel's recently acquired customers include: Alliance Health Networks, Department of Defense and TRX, among others.

About ParAccel
To gain a competitive advantage in a fast paced, data-driven world, companies need immediate answers to any business question they decide to ask. As the leading analytic platform provider, ParAccel accelerates analytics and opens the door for companies to accelerate, innovate and compete. ParAccel Analytic Platform is an analytic database surrounded by extensibility and integration technology as a foundation for running big data analytics, anytime, anywhere. ParAccel's Fortune 1000 customers, in digital media, retail, financial services, healthcare and government, are testing the bounds of unconstrained analytics with the most prolific, most powerful, most expansive analytic platform in the world. For more information please contact us at info@paraccel.com or 866-903-0335.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Press Contact:
Jesse Hamlin
Eastwick for ParAccel
408-470-4874
paraccel@eastwick.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
Every organization is facing their own Digital Transformation as they attempt to stay ahead of the competition, or worse, just keep up. Each new opportunity, whether embracing machine learning, IoT, or a cloud migration, seems to bring new development, deployment, and management models. The results are more diverse and federated computing models than any time in our history.
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Japan DX Pavilion at @CloudEXPO Silicon Valley
The graph represents a network of 1,329 Twitter users whose recent tweets contained "#DevOps", or who were replied to or mentioned in those tweets, taken from a data set limited to a maximum of 18,000 tweets. The network was obtained from Twitter on Thursday, 10 January 2019 at 23:50 UTC. The tweets in the network were tweeted over the 7-hour, 6-minute period from Thursday, 10 January 2019 at 16:29 UTC to Thursday, 10 January 2019 at 23:36 UTC. Additional tweets that were mentioned in this...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Where many organizations get into trouble, however, is that they try to have a broad and deep knowledge in each of these areas. This is a huge blow to an organization's productivity. By automating or outsourcing some of these pieces, such as databases, infrastructure, and networks, your team can instead focus on development, testing, and deployment. Further, organizations that focus their attention on these areas can eventually move to a test-driven development structure that condenses several l...
The term "digital transformation" (DX) is being used by everyone for just about any company initiative that involves technology, the web, ecommerce, software, or even customer experience. While the term has certainly turned into a buzzword with a lot of hype, the transition to a more connected, digital world is real and comes with real challenges. In his opening keynote, Four Essentials To Become DX Hero Status Now, Jonathan Hoppe, Co-Founder and CTO of Total Uptime Technologies, shared that ...
Over the course of two days, in addition to insightful conversations and presentations delving into the industry's current pressing challenges, there was considerable buzz about digital transformation and how it is enabling global enterprises to accelerate business growth. Blockchain has been a term that people hear but don't quite understand. The most common myths about blockchain include the assumption that it is private, or that there is only one blockchain, and the idea that blockchain is...
Never mind that we might not know what the future holds for cryptocurrencies and how much values will fluctuate or even how the process of mining a coin could cost as much as the value of the coin itself - cryptocurrency mining is a hot industry and shows no signs of slowing down. However, energy consumption to mine cryptocurrency is one of the biggest issues facing this industry. Burning huge amounts of electricity isn't incidental to cryptocurrency, it's basically embedded in the core of "mini...