Breaking News:

The Final Cut Reviews; Deet n Bax Save th’ World – A Stoner Comedy Starring Jason Mewes, Craig Michaelson and Weston Cage.
Deet n Bax Save the World Movie Starring Jason Mewes Premier on 4/20/2015 in Portland
Feature Film “Deet n Bax Save the World” Starring Jason Mewes to be Released on 4/20/2015 ”Deet n Bax Save the World” an Action Stoner Comedy starring Jason Mewes produced by TruEarth Entertainment.
TruEarth Entertainment to Deliver First Feature Film Starring Jason Mewes
Deet n Bax Save the World Movie – Sex, Guns & Weed!
Deet n Bax Save the World wrapped on November 4th!
Deet n Bax Save the World resumes filming this Monday in Portland Oregon!
Deet and Bax Save The World Movie Resumes Filming Soon!
India election results see rupee strengthen and stocks surge to RECORD highs as Modi win
EU SHOCK: Europhile Netherlands on brink as populist poised for European elections upset
Topshop, Dorothy Perkins, Burton store closures: 23 stores closing down – is yours going?
World War 3 on BRINK: How world came within MINUTES of catastrophic nuclear war 
Chelsea boss Maurizio Sarri on collision course with Roman Abramovich after new ultimatum
Iran alert: Tehran MOCK the US claiming it ‘does not DARE’ attack Middle East
Universal Credit May bank holiday payments date: When are benefit payments due this month?
South China Sea: Taiwan holds ‘live-fire’ military drills as Chinese INVASION fears soar
Elon Musk BOMBSHELL: Tesla to merge with SpaceX? Analysts CONVINCED after major clue
May bank holiday benefit payments: When are ESA and Universal Credit paid?
TECHNOLOGY

Sisense acquires Periscope Data to build integrated data science and analytics solution

0

Sisense announced today that it has acquired Periscope Data to create what it is calling, a complete data science and analytics platform for customers. The companies did not disclose the purchase price.

The two company CEOs met about 18 months ago at a conference, and running similar kinds of companies, hit it off. They began talking and after a time, realized it might make sense to combine the two startups because each one was attacking the data problem from a different angle.

Sisense, which has raised $ 174 million, tends to serve business intelligence requirements either for internal use or externally with customers. Periscope, which has raised over $ 34 million, looks at the data science end of the business.

Both company CEOs say that they could have eventually built these capabilities into their respective platforms, but after meeting they decided to bring the two companies together instead, and they made a deal.

Harry Glasser from Periscope Data and Amir Orad of Sisense.

Harry Glasser from Periscope Data and Amir Orad of Sisense.

“I realized over the last 18 months [as we spoke] that we’re actually building leadership positions into two unique areas of the market that will slowly become one as industries and technologies evolve,” Sisense CEO Amir Orad told TechCrunch.

Periscope CEO Harry Glasser says that as his company built a company around advanced analytics and predictive modeling, he saw a growing opportunity around operationalizing these insights across an organization, something he could do much more quickly in combination with Sisense.

“[We have been] pulled into this broader business intelligence conversation, and it has put us in a place where as we do this merger, we are able to instantly leapfrog the three years it would have taken us to deliver that to our customers, and deliver operationalized insights on integration day on day one,” Glasser explained.

The two executives say this is part of a larger trend about companies becoming more data-driven, a phrase that seems trite by now, but as a recent Harvard Business School study found, it’s still a big challenge for companies to achieve.

Omad says that you can debate the pace of change, but that overall, companies are going to operate better when they use data to drive decisions. “I think it’s an interesting intellectual debate, but the direction is one direction. People who deploy this technology will provide better care, better service, hire better, promote employees and grow them better, have better marketing, better sales and be more cost effective,” he said..

Omad and Glasser recognize that many acquisitions don’t succeed, but they believe they are bringing together to like-minded companies that will have a combined ARR of $ 100 million and 700 employees.

“That’s the icing on the cake, knowing that the cultures are so compatible, knowing that they work so well together, but it starts from a conviction that this advanced analytics can be operationalized throughout enterprises and [with] their customers. This is going to drive transformation inside our customers that’s really great for them and turns them into data-driven companies,” Glasser said.


Enterprise – TechCrunch

Please like & share:

Related Posts

LEAVE YOUR COMMENTS

Wad News Junior Sponsor

Join us on Facebook and Twitter!

Subscribe To Wad News


Support Wad News Shop Here!

Join Us

Enjoy this blog? Please spread the word :)