Ngdata Closed $3.3 million Investment Round

NGDATA, the customer intelligence management solutions company, has closed a $3.3 million investment round led by Capricorn Venture Partners with participation from existing investors, including Sniper Investments and angel investors.

As part of the deal, NGDATA announced the addition of three new board members and three members of the NGDATA Advisory Board to help guide the company’s strategy to further growth and expansion.

This investment validates NGDATA’s market momentum. Over the past 12 months, it has expanded its global presence, opened multiple offices throughout the United States, and executed a number of strategic partnerships with companies such as Clear2Pay and Cloudera, where NGDATA developed and delivered sophisticated indexing capabilities to Cloudera Search.

“We’re seeing a shift in the big data market, where companies are looking for better ways to capture and analyze data in ways that help them solve real business problems,” said Katrin Geyskens, partner, Capricorn Venture Partners. “NGDATA brings a unique and effective offering in its big data solutions, providing companies with the ability to gain deeper insights into their data-and its growing customer base and revenue streams are a testament to this. We’re thrilled to join NGDATA’s team as the company moves into its next phase of growth and expansion in the U.S.”

The company has gained traction in key industries such as financial services, telecom and media/publishing, and grew its customer base with companies, including De Persgroep, France Telecom, KBC, Orange and Telenet. In addition to customer and partner activity, NGDATA’s dedication to product innovation was the driving force behind the launches of Lily 2.0 and Lily 2.4, and the acquisition of ENQIO-a move that provided the company with an experienced team of data scientists.

“Over the past year, we’ve seen an uptick in interest from banks, media companies and telcos looking to improve their customers’ experiences using the vast quantities of online, mobile and operational data at their fingertips,” said Luc Burgelman, CEO, NGDATA. “This round of funding provides the resources needed to accelerate adoption of Lily as the backbone of a comprehensive big data solution.”

This latest investment will be used to advance the development of the company’s customer intelligence solution, Lily, and build upon NGDATA’s revenue growth.

Furthermore, the addition of three board members will bring deeper industry and business knowledge, networks and experience to NGDATA:

• William J. Pade, personal investor and partner at Oak Hill Capital Partners, responsible for originating, structuring and managing investments in the company’s technology group;
• Michael Patsalos-Fox, former senior partner for McKinsey & Company, where he served on the firm’s operating committee and elected board for several years;
• Katrin Geyskens, partner at Capricorn Venture Partners where she looks after ICT investments in the digital healthcare and big data areas.

The newly formed NGDATA Advisory Board now includes three members with experience in big data, product and business strategy who will advise the company:

• Guy Weyns, MD, Paradigm Capital Investments;
• Jean Francois Van Kerckhove, VP of mergers, acquisitions and business development, eBay;
• Doug Cutting, chief architect at Cloudera and founder of Hadoop.