Strong Momentum Helps Guavus Enter 2014 With Leadership Position in Big Data Analytics
Funding From Goldman Sachs, New Leadership, Multiple Awards and Acquisitions Strengthen Guavus' Position
January 07, 2014 --
SAN MATEO, CA -- (Marketwired) -- 01/07/14 -- Guavus, a leading provider of big data analytics solutions, today announced tremendous growth and momentum in 2013. The company saw a surge in new investment, new executive appointments, strategic partners and an extension of its products through company acquisitions and internal development to further its position as the big data analytics leader for timely and better quality business decision making.
Capital Growth, Acquisitions and Partnerships
Investors Goldman Sachs Partners, TransLink Capital, Growth Capital (IGC) and QuestMark Partners together with previous investors Artiman Ventures, Sofinnova Ventures and Intel Capital added $39 million to Guavus in 2013 bringing the total capital raised to $89 million. The new investment has supported Guavus' product enrichment strategies and fueled its pursuit of select company acquisitions to meet the rising global demand for its big data analytics solutions.
"This year's infusion of capital has validated our position and also accelerated our ability to expand our team and product offerings as we continue to build and define the next generation data analytics fabric for enterprises," said Manish Goel, Guavus CEO. "The accomplishments of this past year solidify our leadership with communication service providers and provide the perfect springboard into other enterprise markets."
In 2013, Guavus also entered into key partnerships with Juniper and Procera, in each case joining unique technologies, experiences and expertise to create specifically designed solutions for the CSP industry. "Through Guavus' 'analyze first' approach we have been able to deliver valuable insights into network traffic patterns, providing CSPs with a dynamic solution," said Robert Krohn, senior vice president, Edge Software Business Unit, Juniper Networks.
Acquisitions of Neuralitic Systems and Pipeline, an Applied Broadband technology, have also solidified Guavus as the big data analytics provider for CSPs and enabled expansion to Multiple System Operators (MSOs). The combination of Neuralitic's mobile marketing analytics applications with Guavus' network analytics applications and the acquisition of Pipeline have improved the customer experience and driven new revenues. Global CSPs are now able to use their data assets more effectively, attaining timely, actionable insights that improve business operations and support data monetization. Furthermore, MSOs now have a comprehensive view of their networks, services, devices and subscribers.
Industry Awards and Recognition
Additionally, due to Guavus' commitment to its technology and customers, Guavus was recognized for its innovative approach to big data applications as the Private Company of the Year in Light Reading's Leading Lights 2013 Award, demonstrating the company's position as the leading provider of big data analytics for the CSP industry. Deloitte ranked Guavus Number 55 in its annual list of Tech Fast 500 Companies in North America, recognizing Guavus for its 5,035 percent growth in the past year. AlwaysOn also recognized Guavus as one of the AlwaysOn Global 250 winners. The selected winners were selected for their global industry leadership and game-changing technologies. Additionally, on Dec. 14, 2013, Guavus won Dell's first Tech Innovation: Pitch Slam contest, Michael Dell hand selected Guavus as the overall winner among the seven companies chosen to participate at DellWorld.
New Executives And Vision For 2014
Rob Chimsky, with 30 years of telecom experience, joined Guavus as vice president of insights and Bob Mansfield, former Chief Executive of Optus and non-executive Chairman of Telstra Corporation, joined Guavus' Industry Advisory Board. Further solidifying Guavus as the company to watch is the appointment of Manish Goel, former NetApp executive as Guavus CEO. As the new CEO, Goel will continue the focus on CSPs and expand Guavus' presence in other vertical markets and geographies. Founder and Executive Vice President of Strategy Anukool Lakhina will continue to be actively involved in directing the technology, supporting sales and corporate development for the company.
The new capital, appointments and acquisitions of the past year help to support Guavus' continued global expansion, particularly into Asia Pacific (APAC). In an effort to redefine the next era in business applications, Guavus will also continue deepening its solutions for network, care, security and marketing to address specific business problems as well as exploring additional verticals.
Guavus is a big data analytics company ushering in a new class of applications that allow companies to put all their data to work. The company offers a suite of decisioning applications for network, marketing, monetization, security and customer care that are embedded with powerful data science to turn the non-stop processing of enterprise data into streaming insights and actions. Guavus brings business professionals fine-grained, precise insights continually correlating and instantly analyzing an unlimited amount of dynamic and static data. Guavus leapfrogs traditional Business Intelligence and big data solutions with the industry's only 'analyze-first' approach that takes computing power to the data source, supporting the largest data processing needs with a highly-distributed architecture. The world's most data-intensive companies trust Guavus to help them take strategic advantage of their data assets to grow revenue, improve operating efficiencies and delight customers in new ways. For more information visit http://www.guavus.com
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