BIG DATA MANAGEMENT

Dynamo Software Enhances Data Automation for Private Investment Industry by Acquiring Smonik Systems

Dynamo Software | August 02, 2022 | Read time : 03:00 min

Dynamo Software
Dynamo Software, Inc., a market-leading provider of end-to-end cloud software solutions for the alternative investment management industry, announced today its acquisition of Smonik Systems, a leader in data management. Smonik provides cutting-edge software that closes the gap for Limited Partners (LPs) to process both structured and unstructured data. Dynamo will enhance its world-class platform with Smonik’s automated products for data collection, extraction, validation, and reconciliation.

“As the financial markets undergo further stress, Dynamo has calibrated its business to provide robust, best-in-class software for alternative asset managers and institutional investors. “At Dynamo, we have built our stack to do the heavy lifting – removing several repetitive and manual processes with configurable dashboards, workflows, and reports. Augmenting our business with Smonik’s proprietary data management and reconciliation software will further fuel our mission of being the leading global, end-to-end software platform for the alternative investments ecosystem. We are excited to welcome their impressive team to the Dynamo family.”

Dynamo’s CEO Hank Boughner

The Smonik acquisition, combined with the Dynamo Data Automation (DDA) software, underscores Dynamo’s steadfast commitment to focus on removing labor-intensive processes, especially those around data extraction and validation. Endowments, foundations, pensions, family offices, and funds of funds (FOF), will benefit from Smonik’s ability to reduce or completely eliminate manual data entry and processing. For example, with Smonik’s software, LPs can automate the collection and extraction of data for all investment types – including alternatives – while also adopting a data-agnostic approach to reconcile any two data sets.

“Ultimately, the combined power of Dynamo and Smonik is unprecedented,” said Sethu Bijumalla, CEO and Co-Founder of Smonik Systems. “By joining Dynamo, a company backed by Blackstone and Francisco Partners, we are excited by the additional resources and support to further extend Smonik’s value to private investment clients. Additionally, our two companies are built on a culture of excellence, with seasoned professionals who are fueling high-growth, innovative software that simultaneously empowers clients to increase efficiency, reduce cost, and minimize operational risk.”

“This is truly a win-win for both Dynamo and Smonik’s current and prospective clients,” added Stephen Hixon, principal and co-owner of Smonik. “Dynamo is leading this industry’s race in delivering compelling end-to-end software, and now, with Smonik, the company is further cementing its leadership in data automation for LPs. We are proud to be a part of the next chapter in Dynamo’s story.”

Both Dynamo and Smonik are headquartered in the Boston, MA area, allowing the operations, sales, marketing, and product innovation teams to work closely together to ensure a seamless integration.

About Smonik Systems, LLC.
Smonik Systems, now a Dynamo brand, provides data management and reconciliation services to the financial services industry. Using its extensive background in investment operations, Smonik prides itself in developing tools to automate back-office manual processes. The proprietary, best-in-class software delivered by Smonik focuses on automating the entire data management workflow. This includes the collection, extraction, transformation, reconciliation, and integration of both structured and unstructured data.

About Dynamo Software, Inc.
Dynamo Software’s mission is to be the leading global, end-to-end cloud software platform for the alternatives ecosystem, serving the information sharing and analytical data needs of our constituents. Since 1998, the company has been providing industry-tailored, highly-configurable investment management, reporting, and data management cloud software solutions to the global alternative investment industry. Dynamo’s cloud-based solutions serve the private investment landscape including private equity and venture capital funds, real estate investment firms, infrastructure, hedge funds, endowments, pensions, foundations, prime brokers, funds of funds, family offices, and fund administrators. The Dynamo™ platform has improved productivity across the alternatives ecosystem, including CRM, fundraising, deal management, research management, investor servicing, portfolio management, and compliance teams worldwide. Dynamo has a global footprint with operations across North America, EMEA, and APAC.

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BUSINESS INTELLIGENCE,BIG DATA MANAGEMENT

Analytics8 Acquires High-End Data Analytics Consultancy Mashey

Analytics8 | September 23, 2022

Analytics8, a data and analytics consulting firm that specializes in designing, developing, and deploying modern data solutions, has announced the acquisition of Denver-based Mashey, a high-end data analytics consultancy focused on modern data technology. The move to acquire Mashey—which was finalized on Sept. 16, 2022—enables Analytics8 to further its goal of continued growth while providing exceptional data services to clients, career development opportunities for its staff, and enhanced partnerships with industry vendors. "Our objective is to build Analytics8 into the premier independent data and analytics consulting firm in North America." said David Fussichen, CEO of Analytics8. "This is another step in that direction." "We are delighted to welcome Mashey's entire team because they demonstrate and support the core values and business philosophy of Analytics8—where employees can grow their careers by engaging in interesting, meaningful client work, and where clients can come to expect the best experience working with a data and analytics consultancy." Mashey brings to Analytics8 additional capabilities around modern data technology, including dbt, Fivetran, Snowflake, Looker, Qlik, Airbyte, Sigma, Monte Carlo, and Firebolt, along with valued perspectives that come with years of experience in the data and analytics space. "We aim to be the best data analytics team possible, both for our customers and for ourselves," said Philip Lima, founder of Mashey. "Combining the Mashey team with Analytics8 will ensure we all get there even faster." As Analytics8 sets goals for continued growth, the company also renews its commitment to its employees, to foster an environment that promotes inclusivity and career development; and to its clients, to provide customer-centric data services that change how they work with data. If you're interested in learning more details about this acquisition, check out the interview with Analytics8 CEO, David Fussichen, and Mashey founder, Philip Lima. About Analytics8 Analytics8 helps organizations make smart, data-driven decisions by translating their data into meaningful and actionable information. Our data consultants help with the entire data and analytics lifecycle—from strategy to implementation—so companies can make sense of their data and use it to solve complex business problems.

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BUSINESS INTELLIGENCE,BIG DATA MANAGEMENT,DATA SCIENCE

Risk Africa Innovatis Picks InetSoft as a Partner in Spreading Business Intelligence

InetSoft | August 30, 2022

InetSoft Technology, a pioneer in data intelligence, analytics, and reporting, announced that it is partnering with Risk Africa Innovatis to spread business intelligence in East Africa and beyond. Risk Africa Innovatis uses technology solutions to provide intelligence to decision makers and management of institutions across different sectors close to real time while providing expertise in state-of-the-art predictive risk advisory and management techniques. The company developed RiskAfrica.IRPMIS & CountyGo.IRPMIS, an integrated risk and performance management solution for both public and private sectors. Specialized modules are available for operational risk management, quality management, project management, fraud risk, information security risk, performance management and risk-based internal audit. Risk Africa Innovatis has a vision of turning CEOs and decision makers into pilots and creating a cockpit for them. “As we dug deep in the delivery of technology solutions for real-time intelligence, we realized the power of big data analytics and how it drives solutions that mitigate against the most critical uncertainties affecting an organization’s objectives,” states Gilbert Mwalili, Executive Director of Risk Africa Innovatis. Risk Africa Innovatis chose InetSoft from a crowded field of potential BI partners because of its range of functionalities, most notably a powerful data mashup engine that enables fast and flexible transformation of data from disparate sources enabling close to real-time delivery of our intelligence technology solutions. Comprehensive documentation was found to aid ease of use. Risk Africa Innovatis also observed the fact that there was no need to be an expert in coding or programming to design and use interactive dashboards and analytics. Lastly, during the evaluation phase, the InetSoft technical team was found to always be available to provide guidance for complex scenarios. “By offering InetSoft’s Style Intelligence, Style Scope, and Style Report, we have solutions for the African market that is yet to embrace the power of data at its disposal, and the cockpit dream is an inch closer to actualization,” continued Mr. Mwalili. “From data sourcing, to analysis, visual intelligence and reporting, our partnership is poised to link Africa with the rest of the world. Unchaining the African potential of being the future business frontier builds our agenda of innovating and driving data-driven decision making with InetSoft BI.” “In Risk Africa Innovatis, we have found a progressive, aggressive partner in enabling successful deployments of our data intelligence solutions in East Africa and beyond. “We will continue to be their agile partner with an engineering team always accessible to ensure mutual success.” Mark Flaherty, CMO at InetSoft About Risk Africa Innovatis Risk Africa Innovatis is a Kenyan-owned technology-based management advisory service provider with a pool of professionals in various fields of expertise and experience gained locally and internationally. The company’s focus is to use technology solutions to provide intelligence to decision makers and management of institutions across different sectors while providing expertise in state-of-the-art risk advisory and management techniques. About InetSoft Since 1996, InetSoft has been delivering easy, agile, and robust business intelligence software that makes it possible for organizations and solution providers of all sizes to deploy or embed full-featured business intelligence solutions. At the core of the platform is a data mashup and transformation engine that can preclude the need for data warehouse and data preparation expenses. Application highlights include visually-compelling interactive dashboards, pixel-perfect production reporting, and machine learning functionality accessible to non-data scientists. All of these capabilities combine to allow a maximum degree of self-service that benefits the average business user, the IT administrator, and the developer. InetSoft’s solutions have been deployed at over 5,000 organizations worldwide, including 25% of Fortune 500 companies, spanning all types of industries.

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BUSINESS INTELLIGENCE,BIG DATA MANAGEMENT

Variphy Releases Software Version 13.0

Variphy | September 20, 2022

Variphy, the preferred Cisco Unified Collaboration reporting and analytics software solution for over 1,500 businesses, announced today the release of Variphy 13.0, its latest software version. "Our latest release delivers features allowing for an even faster and more streamlined reporting experience with greatly improved scalability," Derek Falter, director of product development, said. "With the addition of Multi-Database Reporting, Auto-Archiving, and Audible Alerts, we make it easier to monitor and report on CUCM, UCCX, and CUBE activities." Variphy 13.0 core feature enhancements include: CDR Auto Database Archiving & Multi-Database Support Variphy overhauled CUCM and CUBE configuration UIs to isolate CDR-specific settings and activation. Auto Database Archiving allows the archive databases to be automatically created for an even more seamless reporting process. Scheduled Call Analytics Report Queueing The update includes a new application setting to determine the maximum number of reports executed simultaneously. CCX CSQ Widget Threshold Audible Alerts An audible alert will be triggered when a configured threshold is breached. The flexible audio configuration is designed to fit any purpose. Report on Individual CUBE Events Variphy 13.0 features the ability to build CUBE CDR reports, widgets, and searches based on individual events. Pill select input was included to allow clients to focus their CDR output on individual events or sequences. Active Directory Authentication Improvements The Active Directory Server form has been updated to include fields to capture an Active Directory Distinguished Name User and Password. CUBE CDR Monitoring CUBE CDR Monitoring alerts users if Variphy does not receive a minimum number of CDRs from CUBE in the previous hour. The update includes other application settings and improvements for seamless monitoring and reporting. Email alerts, CUBE CDR processing, and widget settings are among the enhancements available. Variphy 13.0 is just the latest version in the company's tradition of consistently delivering software updates and new products. Updates are always free for existing users. About Variphy Variphy creates leading-edge UC tools and analytics software solutions to streamline the service delivery and management of Cisco Unified Communications and Collaboration. Since 2004, it has helped over 1,500 organizations visualize, search, analyze, and report on their Cisco UC environments. Product development, sales and marketing, service delivery, and support teams are based in the United States.

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BIG DATA MANAGEMENT

integrate.ai Announces Availability of New Platform for Collaborative Machine Learning and Analytics Across Sensitive Data

integrate.ai | August 18, 2022

integrate.ai, a SaaS company helping developers solve the world’s most important problems without risking sensitive data, today announces the availability of its privacy-preserving machine learning and analytics platform. The platform leverages federated learning and differential privacy technologies to unlock a range of machine learning and analytics capabilities on data that would otherwise be difficult or impossible to access due to privacy, confidentiality, or technical hurdles. Traditional approaches to machine learning and analytics require centralization and aggregation of data sources, often necessitating data-sharing agreements and supporting infrastructure. This can present an insurmountable roadblock for the world’s most important data-driven problems, particularly in the healthcare, industrial, and finance sectors, where data custodians must enforce the highest privacy and security standards to ensure regulatory and contractual compliance. With integrate.ai’s solution, collaboration barriers can be broken as data does not need to move. It allows data to stay distributed in its original protected environments, while unlocking its value with privacy-protective machine learning and analytics. Operations such as model training and analytics are performed locally, and only end-results are aggregated in a secure and confidential manner. “When data can be securely accessed and collaborated upon, we unlock boundless opportunities for life-saving research and innovation. By allowing organizations to work in a federated way, our platform helps reduce cost structure, accelerate progress against product roadmaps and capture new revenue opportunities—all with more speed and flexibility than any other solution on the market. “Business and technology leaders alike increasingly recognize the global shift towards a more distributed paradigm. After serving at the forefront of this shift over the past five years, this platform will continue to grow into a product suite of easy-to-use tools for developers addressing humanity’s greatest challenges.” Steve Irvine, founder and CEO of integrate.ai integrate.ai is packaged as a developer tool, enabling developers to seamlessly integrate these capabilities into almost any solution with an easy-to-use software development kit (SDK) and supporting cloud service for end-to-end management. Once integrated, end-users can collaborate across sensitive data sets while data custodians retain full control. Solutions incorporating integrate.ai can serve as both effective experimentation tools and production-ready services. DNAstack, a company that offers software for scientists to more efficiently find, access, and analyze the world’s exponentially growing volumes of genomic and biomedical data, is using integrate.ai’s product platform to support federated learning in their work in autism. DNAstack leads the Autism Sharing Initiative, an international collaboration to create the largest federated network of autism data, empowering better genetic insights and accelerating precision healthcare approaches. “Autism is complex and research has shown the value of connecting massive datasets to drive critical insights. Genetic and health datasets are large, sensitive, and globally distributed, making it impossible to bring them all together in one place,” said Marc Fiume, co-founder and CEO of DNAstack. “Federated learning will empower us to ask new questions about autism across global networks while preserving privacy of research participants.” In the heavily regulated worlds of healthcare, financial services, and manufacturing, roadblocks to collaborating with sensitive data abound – from existing and proposed privacy regulations and intellectual property (IP) concerns to the high cost of centralizing massive datasets. Data science initiatives often fail or never start in the areas where their impact could be most life changing, such as early cancer diagnoses and detections of fraud, underscoring the considerable need for privacy-preserving data analytics solutions. Armed with experience serving enterprises across six industries and the construction of its own data network, which leveraged 20B interactions between businesses and people, integrate.ai enables safe access to sensitive data with developer tools for privacy-safe machine learning and analytics. About integrate.ai integrate.ai is a SaaS company democratizing access to privacy-enhancing technology to help developers solve the world’s most important problems without risking sensitive data. By breaking down collaboration barriers within and between organizations, integrate.ai empowers developers and data teams with the privacy-preserving tools they need to harness collective intelligence. Armed with experience serving enterprises across six industries and the building of its own data network, which leveraged 20B interactions between businesses and people, integrate.ai’s product platform is increasing quality data access in healthcare research, financial services, industrial IoT and manufacturing, process automation, advertising, marketing and more.

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