Attivio Targets Profitability by the End of 2016 Through $31M Financing Round
July 18, 2016
The article on VentureBeat titled Attivio Raises $31 Million to Help Companies Make Sense of Big Data discusses the promises of profitability that Attivio has made since its inception in 2007. According to Crunchbase, the search vendor has raised over $100 million from four investors. In March 2016, the company closed a financing round at $31M with the expectation of becoming profitable within 2016. The article explains,
“Our increased investment underscores our belief that Attivio has game-changing capabilities for enterprises that have yet to unlock the full value of Big Data,” said Oak Investment Partners’ managing partner, Edward F. Glassmeyer. Attivio also highlighted such recent business victories as landing lab equipment maker Thermo Fisher Scientific as a client and partnering with medical informatics shop PerkinElmer. Oak Investment Partners, General Electric Pension Trust, and Tenth Avenue Holdings participated in the investment, which pushed Attivio’s funding to at least $102 million.”
In the VentureBeat Profile about the deal, Stephen Baker, CEO of Attivio makes it clear that 2015 was a turning point for the company, or in his words, “a watershed year.” Attivio prides itself on both speeding up the data preparation process and empowering their customers to “achieve true Data Dexterity.” And hopefully they will also be profitable, soon.
Chelsea Kerwin, July 18, 2016
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
There is a Louisville, Kentucky Hidden Web/Dark
Web meet up on July 26, 2016.
Information is at this link: http://bit.ly/29tVKpx.
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Attivio Does Data Dexterity
October 9, 2015
Enterprise search company Attivio has an interesting post in their Data Dexterity Blog titled “3 Questions for the CEO.” We tend to keep a close eye on industry leader Attivio, and for good reason. In this post, the company’s senior director of product marketing Jane Zupan posed a few questions to her CEO, Stephen Baker, about their role in the enterprise search market. Her first question has Baker explaining his vision for the field’s future, “search-based data discovery”; he states:
“With search-based data discovery, you would simply type a question in your natural language like you do when you perform a search in Google and get an answer. This type of search doesn’t require a visualization tool. So, for example, you could ask a question like ‘tell me what type of weather conditions which exist most of the time when I see a reduction in productivity in my oil wells.’ The answer that comes back, such as ‘snow,’ or ‘sleet,’ gives you insights into how weather patterns affect productivity. Right now, search can’t infer what a question means. They match the words in a query, or keywords, with words in a document. But [research firm] Gartner says that there is an increasing importance for an interface in BI tools that extend BI content creation, analysis and data discovery to non-skilled users. You don’t need to be familiar with the data or be a business analyst or data scientist. You can be anyone and simply ask a question in your words and have the search engine deliver the relevant set of documents.”
Yes, many of us are looking forward to that day. Will Attivio be the first to deliver? The interview goes on to discuss the meaning of the company’s slogan, “the data dexterity company.” Part of the answer involves gaining access to “dark data” buried within organizations’ data silos. Finally, Zupan asks what “sets Attivio apart?” Baker’s answers: the ability to quickly access data from more sources; deriving structure from and analyzing unstructured data; and friendliness to “non-technical” users.
Launched in 2008, Attivio is headquartered in Newton, Massachusetts. Their team includes folks with an advantageous combination of backgrounds: in search, database, and business intelligence companies.
Cynthia Murrell, October 9, 2015
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
Watch Anti-Money Laundering Compliances Sink
September 25, 2015
With a title like “AML-A Challenge Of Titanic Proportions” posted on Attivio metaphoric comparisons between the “ship of dreams” and icebergs is inevitable. Anti-money laundering compliances have seen an unprecedented growth between 2011-2014 of 53%, says KPMG’s Global Anti-Money Laundering (AML) Survey. The costs are predicted to increase by more than 25% in the next three years. The biggest areas that are requiring more money, include transaction monitoring systems, Know Your Customer systems, and recruitment/retention systems for AML staff.
The Titanic metaphor plays in as the White Star Line director Bruce Ismay, builder Thomas Andrew, and nearly all of the 3327 passengers believed the ship was unsinkable and the pinnacle of modern technology. The belief that humanity’s efforts would conquer Mother Nature was its downfall. The White Star Line did not prepare the Titanic for disaster, but AML companies are trying to prevent their ships are sinking. Except they cannot account for all the ways thieves can work around their system, just as the Titanic could not avoid the iceberg.
“Systems need to be smarter – even capable of learning patterns of transaction and ownership. Staff needs more productive ways of investigating and positively concluding their caseload. Alerting methods need to generate fewer ‘false positives’ – reducing the need for costly human investigation. New sources of information that can provide evidence need to come online faster and quickly correlate with existing data sources.”
The Titanic crew accidentally left the binoculars for the crow’s nest in England, which did not help the lookouts. The current AML solutions are like the forgotten binoculars and pervasive action needs to be taken to avoid the AML iceberg.
Whitney Grace, September 25, 2015
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
Attivio ReachesTop 100 Status
June 29, 2015
The Data Dexterity Company announced the brand new Database Trends and Applications (DBTA) 100 and according to Yahoo Finance, Attivio is now on the list: “Attivio Named By Database Trends Applications To Its Prestigious Top 100 List.”
“We are pleased to be recognized by Database Trends and Applications as one of the most important firms in the data space; it further validates the type of feedback that our customers provide on a daily basis,” said Stephen Baker, CEO of Attivio. “As firms continue to be more reliant on maximizing their data to drive business-critical insights, we expect to play a critical role in driving this type of business innovation.”
Attivio joins the ranks of other companies that have made huge innovations in the data industry; they include EMC, Amazon, IBM, and more. Attivio is an industry leader in enterprise systems with its intelligence search platform. Attivio’s search platform enables users to make immediate insights with data visibility. Attivio has a well-known client use that encompasses such names as National Instruments, Nexen, GE, UBS, and Qualcomm. The company believes that there are many innovations to be made from all types, not just the type that is easily found in a database. Attivio uses its search platform to uncover insights in unstructured data that would otherwise be missed by other enterprise search platforms.
We have been following Attivio for many years and by having its name added to DBTA 100 proves it can perform well and deliver useful results. Enterprise search continues to be an important factor for enterprise systems, though people are often forgetting that today. Attivio’s addition to the DBTA 100 stresses that not everyone has forgotten.
Whitney Grace, June 29, 2015
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
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