BIG DATA MANAGEMENT
Dynamo Software | August 02, 2022
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.
BangDB | July 08, 2022
AI database firm BangDB has launched the REST APIs for its converged data platform. BangDB is the world's highest performance database which makes it highly suitable for modern applications that require predictive real-time analysis for fast moving data from devices, sensors and machines. By bringing AI, Stream Processing, Graph and the database together in a single product, BangDB has created a modern stack to disrupt the data analysis market.
Graph processing with integrated AI and Stream is the way forward to tackle emerging requirements and use cases. Majority of the data will originate from devices in various shapes and sizes, coming from all directions in high speed. The context of the data will be extremely crucial for extracting the intelligence as quickly as possible. Correlation across various data points, events spanned over massive space would be key to data processing. Natural groups, networks and connections in time and space would be invaluable. To mine these in a productive manner, users need a simple abstraction and interface which hides all complexities and provides an efficient way to deal with the challenge.
BangDB is designed for emerging use cases which deals with Edge and Cloud computing in real-time in various different domains like IOT, FinTech, Log analysis, Supply Chain, etc. BangDB is available on Cloud, or on-prem, or even can be embedded in devices for true Edge computing. It has a user base of over 100K and is increasing rapidly. BangDB community edition is totally free, with a cloud subscription model and one month trial period. BangDB works with several enterprises with its custom license model. BangDB is all set to release its own AppStore with ready-made custom solutions in a few months.
BangDB was founded as part of IQLECT in 2015 by Sachin Sinha and is based in Bangalore. It is an Artificial Intelligence (AI) based converged database platform which aligns with the current & future data trends in the market. BangDB has been developed from the ground up and owns over a dozen patents in data processing. It has over 100K users across the world with several leading enterprises as clients. BangDB is backed by several VCs like Exfinity and VentureEast along with prominent angels Lip-Bu Tan, Michael Marks, Nicholas B, Pradeep Khosla.
BUSINESS INTELLIGENCE,BIG DATA MANAGEMENT
Xillio | September 13, 2022
Xillio, the global content migration solutions provider that enables organizations to modernize information landscapes and CellTrust Corporation, a leading provider of global secure and compliant mobile communication for government and enterprise, announced today they have entered a strategic relationship to enable CellTrust ‘s archiving solutions through Xillio data migration services and products.
Xillio is seeing an ever-increasing need for organizations to preserve critical business communication and information in a compliant manner. The global market for Enterprise Information Archiving (EIA) continues to expand, as do the technological features. To improve efficiency, price performance, security and compliance outcomes, some organizations opt to consolidate previously separate archiving platforms for specific communication channels into one overarching data management solution.
Most of CellTrust’s customers operate in highly regulated industries, i.e., financial services, government, healthcare, education, or insurance, where recordkeeping, eDiscovery, and compliance are mandated by law (SEC, CFTC, FINRA, SOX, FCA, MiFID II, IIROC, FOIA, Sunshine Laws, Public Records Laws and HIPAA).
As the number of mobile communication channels (text, chat, voice, email, app to app) grows, highly regulated organizations are looking for technology to help them seamlessly manage, govern, classify, monitor and enforce regulatory compliance. They are also often required by law to capture, archive, and retain the data across these channels for eDiscovery and compliance audit purposes.
“As the market demands, CellTrust is excited to be able to support organizations transitioning from one archiving solution to another,” said Sean Moshir, CellTrust Chairman and CEO. “Xillio is a leader in content migration solutions and experts in secure and compliant data migration.”
“With an experienced team across EMEA and North America, Xillio is at the forefront of helping organizations plan and execute a secure and compliant content migration strategy,” said Rikkert Engels, Founder, and CEO of Xillio. “We are thrilled to be working with CellTrust within the dynamic Enterprise Information Archiving space.”
With an experienced team across EMEA and North America, Xillio’s mission is to enable organizations to create a future-proof content migration strategy that aligns core information management principles - security, search-and findability, governance, compliance – with user-centricity, adaptability, and business value. Xillio is a member of the Microsoft Intelligent Security Association, a Microsoft Charter Member for Content Services, and an Associate Partner on Project Cortex.
About CellTrust Corporation
CellTrust is a global leader in enterprise mobile communications, compliance enforcement, traceability, eDiscovery and security for highly regulated industries. CellTrust SL2™ helps enforce regulatory compliance: SEC, CFTC, FINRA, SOX, FCA, MiFID II, FOIA, Sunshine Laws, Public Records Laws and HIPAA. CellTrust is a member of the Microsoft Intelligent Security Association.
BIG DATA MANAGEMENT
Treasure Data | August 05, 2022
Treasure Data, a best-of-breed enterprise customer data platform (CDP), today announced it has been recognized as a Strong Performer by Forrester Research, Inc. in its recently published report "The Forrester Wave™: Customer Analytics Technologies, Q2 2022."
This report evaluated customer analytics technology providers along 32 criteria segmented into three primary categories: current offering, strategy, and market presence.
According to the report, "Treasure Data fully embraces the next-best-experience ethos. While most customer data platforms focus solely on marketing data and use cases, Treasure Data has launched a CDP for Sales and a CDP for Service in addition to its CDP for Marketing. Treasure Data's superior product roadmap focuses on trust through data and model lineage, and democratization through automated machine learning (AutoML). A cash infusion of $234 million from Softbank last year, the largest funding round ever for a CDP, should help Treasure Data achieve it."
The report continued, "As an open platform that is agnostic of data source or type, Treasure Data excels at the breadth of customer data it can store and analyze, and reference customers were highly satisfied with this capability. It also has productized reinforcement learning into strong optimization functionality and offers a robust UI for model evaluation and monitoring."
"We're proud to be the only customer analytics-focused CDP designated as a Strong Performer by Forrester, which further validates, in our opinion, that our current business model, operational strategy, and product roadmap are on track and are propelling the company to greater heights as its maturation continues in a highly-competitive industry category," said Kazuki "Kaz" Ohta, co-founder and chief executive officer of Treasure Data. "As we begin our second decade of operation, we are laser-focused on customer acquisition, deeper penetration of important vertical markets, and building out the product portfolio so Treasure Data CDP can be used by a greater spectrum of potential clients around the world."
About Treasure Data
Treasure Data is a best-of-breed enterprise customer data platform (CDP) that powers the entire business to shape customer-centricity in the age of the digital customer. We do this by connecting all data into one smart customer data platform, uniting teams and systems to power purposeful engagements that drive value and protect privacy for every customer, every time.