Saama Secures $35 Million in Series A Funding
Company to Intensify Expansion of Industry Big Data Analytics Solutions in Response to Market Demand
CAMPBELL, Calif.- (June 2, 2015) — Saama Technologies, Inc., a leading Big Data solutions and services company, today announced $35 million in funding from Carrick Capital Partners, an investment firm focused on technology-enabled service-based businesses. Saama's first institutional capital, this minority financing will be used to satisfy market demand from Global 2000 companies for agile deployment of industry specific analytics solutions that deliver material business outcomes.
"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," says Suresh Katta, Saama CEO. "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."
Through the combination of Fluid Analytics EngineTM, packaged Ready Analytics solutions, services and strategic partnerships, Saama 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 stay focused on their core business while driving the monetization of data as a strategic asset.
"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," says Ken Coleman, Saama Board Chairman. "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."
"At Carrick we believe that effective analytics requires both software and services capabilities and that the most successful companies will have a great combined offering. Saama exemplifies this hybrid delivery that we see as critical to the fast moving Big Data solutions space," said Marc McMorris, Co-founder and Managing Director of Carrick Capital Partners. "We have been following Saama for numerous years and have a close, long-term working relationship with Chairman Ken Coleman. We are pleased to have this opportunity to be engaged with the company and are confident that Carrick's experience will add considerable value."
Marc McMorris, Carrick Capital Partners Co-founder and Managing Director, will join Saama's Board of Directors.
About Carrick Capital Partners
Carrick Capital Partners is an investment firm that utilizes ABV (Approach to Building Value) to operationally scale fast growing businesses that provide technology-enabled services. Carrick adds value by taking a concentrated approach and dedicating significant resources post-investment. Carrick helps scale great companies that deliver significant returns for investors, stimulating economic growth and positively impacting the industry landscape. Working directly with CEOs and entrepreneurs, Carrick fulfills a vital need for investment and growth expertise.
Headquartered in Silicon Valley, Saama is the leading data science solutions and services company delivering Big Data solutions to Global 2000 clients. Our Fluid Analytics EngineTM maximizes existing customer infrastructure, allowing us to focus the white space between existing capabilities and the critical business questions that need to be answered. We are unique in our ability to combine our Fluid Analytics Engine with our vertical expertise to drive the rapid adoption of advanced analytics into company-specific business processes in a matter of weeks. We give our clients competitive advantage by strategically using internal and external data assets to grow revenue, improve operating efficiencies and delight customers in new ways. Clients include Actelion, Brocade, Broadcom, Cisco, CSAA Insurance, Delta Dental, Dignity Health, PayPal, Salesforce.com and Unilever.
Brooks Hocog for Saama Technologies
Carrick Capital Partners