Saama Technologies, a leading Big Data solutions and services company has secured $35 million in funding from California-based Carrick Capital Partners, an investment firm focused on technology-enabled service-based businesses. The funding will be channelled, said the company, for meeting market demand from customers looking to deploy industry specific analytics solutions for their businesses.
Through the combination of Fluid Analytics Engine, packaged Ready Analytics solutions, services and strategic partnerships, Saama said that it delivers customers the ability to quickly uncover and operationalize strategic data assets and deploy pre-integrated analytics solutions across their operations. Leveraging Saama’s technology, data science expertise, bench-strength and deep industry domain experience, customers are able to focus on their core business while monetizing data as a strategic asset.
Ken Coleman, Saama Board Chairman
There is not one technology that will guarantee Big Data success. By having a solutions-based approach, Saama is able to create instant value for each customer with a value engineering approach. With the Fluid Analytics Engine, Saama provides the ultimate flexibility of analytics consumption in fast changing business environments, based on each unique customer situation and analytics maturity.
Suresh Katta, CEO, Saama
The critical business problem companies need to solve in deploying analytics is not about technology platforms, it’s about designing a complete analytics value chain that can deliver concept-to-action-to-value within an effective performance period. Delivering to this need has powered our growth to date. With this funding and support from Carrick we will expand our Ready Analytics™ solutions and increase our Big Data leadership to drive competitive advantage for our customers.