Software companies and their investors see a huge opportunity to help big firms squeeze useful insights out of the vast troves of data they’re accumulating.
The latest example is Newton, MA-based Attivio, which today announced it raised $31 million in financing. The data-analysis software provider has now raised $102 million total from its investors, which include Oak Investment Partners, General Electric Pension Trust, Tenth Avenue Holdings, and Per-Olof Soderberg.
Attivio says its software licensing revenue doubled last year, and it’s eyeing profitability this year. Founded in 2008, the company’s customers include Citi, Qualcomm, UBS, GE, and Thermo Fisher Scientific.
Author: Jeff Bauter Engel
Jeff, a former Xconomy editor, joined Xconomy from The Milwaukee Business Journal, where he covered manufacturing and technology and wrote about companies including Johnson Controls, Harley-Davidson and MillerCoors. He previously worked as the business and healthcare reporter for the Marshfield News-Herald in central Wisconsin.
He graduated from Marquette University with a bachelor degree in journalism and Spanish. At Marquette he was an award-winning reporter and editor with The Marquette Tribune, the student newspaper. During college he also was a reporter intern for the Muskegon Chronicle and Grand Rapids Press in west Michigan.
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