Kognitio, a fast-growing global provider of business intelligence (BI) and data warehousing solutions, today announced a substantial investment led by CFP & Founders Investments, who were joined by current majority shareholder Geoffrey Squire OBE.
Kognitio’s data warehousing product, WX2, offers massive in-memory analytical capabilities and unprecedented speeds to load and query data in real-time for quick response to urgent business pressures. The solution is available as a software-only solution, as a fully configured data warehouse appliance running on x86 hardware, or as an on-demand data warehouse-as-a-service (DaaS) cloud-based solution.
The funding will enable Kognitio to quickly grow its team and offices during its current global expansion, as well as invest in new R&D and partnership efforts. "The financial backing of such experienced, successful software investors as CFP & Founders Investments validates our growing leadership in the white hot analytic database and data warehouse market. With their support, we will offer our customers the very best analytical solutions with the very best support team," said Roger Llewellyn, Kognitio’s Chief Executive Officer.
CFP & Founders Investments believes Kognitio is the industry's fastest and lowest TCO data warehousing solution and intends to support Kognitio with expertise, commercial contacts and management capacities over the next couple of years.
Jens Munk, Managing Director at CFP & Founders Investments, who will join the board, said: "Having monitored Kognitio’s progress for over a year we have validated our first conclusion that WX2 is a world leading product in large data analytical performance. We have noticed the increasing recognition of Kognitio by both industry analysts and Kognitio’s very satisfied customer base. With the double digit growth forecast for this market segment, combined with Kognitio’s double digit growth quarter on quarter this year, we are confident of continued success. We look forward to working with Kognitio’s great team."
Kognitio is an innovative, technology-rich company, providing leading-edge solutions to business problems that require the acquisition, rationalization and analysis of large or complex data. Kognitio is a winner of Information Management magazine’s "Innovative Solution Award," and two-time winner of the "Vision Award for Business Impact" from the B-EYE-Network, a TechTarget company. Kognitio's award-winning WX2, a 2008 SearchDataManagement.com "Product of the Year" is the industry's fastest and most scalable analytical database on the market, giving firms the ability to turn their raw data into valuable business insight fast, and empowering its customers to realize comprehensive answers to critical business questions.
Globally headquartered in Bracknell, UK, with North American headquarters in Chicago and offices in New York, Kognitio delivers competitive advantage to its clients across a wide range of industries, including telecommunications, financial services and utilities. More information is available by phone at 312.268.5725 and at www.kognitio.com
About CFP & Founders Investments
Corporate Finance Partners CFP & Founders Investments GmbH & Co KGaA ("CFP & Founders Investments") is the co-investment vehicle of Corporate Finance Partners. More than 130 German founders, entrepreneurs and business partners provide CFP with further fund raising capabilities and a vast radar screen for deal sourcing. CFP & Founders Investments originates its transactions from the CFP deal flow and the CFP & Founders Network. CFP then screens the market and the potential target. In the case of a positive assessment, CFP becomes the retained adviser of the company and sets up a structured process to generate a lead investor, who will execute a full due diligence. CFP & Founders Investments co-invests at the same conditions as the lead investor. An own commercial due diligence will be performed involving founders and entrepreneurs with specific sector know how (reference calls, market assessment). Within the frame of the company mandate, CFP advises on further potential financing rounds and mergers & acquisitions while CFP & Founders Investments supports the company with expertise, commercial contacts and management capacities.