Month: January 2020

Circonus Raises $6.8 Million Series A1 Investment; Appoints Serial Technology Entrepreneur, Bob Moul, as CEO

Circonus

NEWS & EVENTS • PRESS RELEASES

Circonus Raises $6.8 Million Series A1 Investment; Appoints Serial Technology Entrepreneur, Bob Moul, as CEO

Osage Venture Partners leads round, joining repeat investor, NewSpring, as market demand for machine data intelligence grows

PHILADELPHIA, Jan. 21, 2020 — Circonus, provider of the first machine data intelligence platform built to handle the volume and frequency of data seen in today’s global IT infrastructure and IoT deployments, today announced a $6.8 million Series A1 investment to continue advancing its machine data intelligence platform and meet market demand for machine data intelligence across multiple industries. The round was led by Osage Venture Partners and included new investors Bull City Venture Partners and Ben Franklin Technology Partners. NewSpring, which led the Series A investment, also invested in the round. Earlier in 2019, Circonus also brought on serial technology entrepreneur Bob Moul as CEO to lead the company in raising capital, growing the team, and expanding its market share.

Moul previously served as the CEO of Cloudamize, a cloud software company, which was acquired by Blackstone/Cloudreach in July 2017, and was President and CEO of Boomi, a cloud-based integration software company, which was acquired by Dell in November 2010. Theo Schlossnagle, who founded and has led Circonus since 2010, will serve as the company’s chief technology officer.

“As more of our world becomes digitized and virtualized, machines, and the data that we are able to gather from them, have become not just instrumental, but indispensable,” said Moul. “I’m honored to have the continued support of NewSpring, and am excited to have the additional backing and leadership from Osage Venture Partners. I’m looking forward to leading Circonus into its next chapter as we continue to grow and expand into new markets.”

“We are excited to partner with the leadership team at Circonus, particularly given Bob’s and Theo’s track records of success, and are impressed with the technology they’ve built,” said David Drahms, Partner, Osage Venture Partners. “No other solution can handle the massive scale of data that businesses are dealing with today at the frequency, speed and accuracy that is required for mission-critical IoT and monitoring systems. The timing is right.”

“We’re proud to continue our support of Circonus and are excited about its future growth with Bob at the helm,” said Brian Kim, NewSpring Partner. “The need for machine data intelligence is only going to grow as enterprises seek out the competitive advantages that data at scale can provide.”

Joining Osage Venture Partners and NewSpring Capital is Bull City Venture Partners based in Durham, North Carolina and Ben Franklin Technology Partners of Southeastern Pennsylvania.

For more information on how machine data intelligence can be used to optimize operations, innovate new products and services, and create new revenue streams, read Circonus’ recently issued thought leadership paper.

About Circonus

Circonus is the machine data intelligence expert, providing the only machine data intelligence platform capable of handling billions of metric streams in real time to drive unprecedented business insight and value. Led by experts in large-scale distributed systems and data science, Circonus is pioneering the way that machine data at scale is leveraged throughout the enterprise, from operational analytics to IoT applications. To learn more, visit http://www.circonus.com

Media Contact

For media or analyst inquiries, please contact:

Colleen Martin

Zer0 to 5ive for Circonus
570-259-0915
colleen@0to5.com

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Circonus

Circonus is the machine data intelligence expert, providing the only machine data intelligence platform capable of handling billions of metric streams in real time to drive unprecedented business insight and value.

CONTACT US

8161 Maple Lawn Blvd., Suite 320
Fulton, MD 20759
877-385-6194

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Risk Intelligence Technology Leader RDC

Moody’s Acquires Risk Intelligence Technology Leader RDC

January 23, 2020 07:08 AM Eastern Standard Time

KING OF PRUSSIA, Pa.–(BUSINESS WIRE)–RDC, the global leader in risk intelligence compliance screening, announced today it has entered into a definitive agreement to be acquired by Moody’s Corporation (NYSE:MCO).

“Joining the Moody’s Analytics team is thrilling as it positions RDC to broaden our risk intelligence technology solutions as part of a leading provider of market and entity information and analytics to global financial institutions”Tweet this

The RDC acquisition positions Moody’s Analytics’ Bureau van Dijk (BvD), a leading provider of business intelligence and company data, to expand its range of data solutions, creating a global leader in anti-money laundering (AML) and know your customer (KYC) data and due diligence services. It will deepen Moody’s experience and expertise as a leader in financial and corporate reporting and analytics, by incorporating RDC’s world’s largest risk-relevant database and innovative technology, including the first-to-market true AI screening solution.

“Joining the Moody’s Analytics team is thrilling as it positions RDC to broaden our risk intelligence technology solutions as part of a leading provider of market and entity information and analytics to global financial institutions,” said RDC CEO Tom Walsh. “Joining BvD, under the Moody’s Analytics umbrella, will help us to expand and extend our artificial intelligence leadership position. It also enables us to re-double our mission of preventing criminal infiltration of the world’s financial system and bringing global transparency to areas of social responsibility such as human trafficking.”

Moody’s is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody’s is the parent company of Moody’s Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management.

Moody’s will be acquiring RDC from Vista Equity Partners (Vista), a leading investment firm focused on enterprise software, data and technology-enabled businesses. Located in the greater Philadelphia area, RDC has been a part of the Vista portfolio since September of 2016. The compliance screening company provides anti-money laundering and reputational risk software that prevents criminal infiltration of the global financial system, working as an extension of its customers’ compliance and safety teams by providing precise risk alerts and ongoing monitoring for enhanced protection and performance.

The transaction is expected to close in the first quarter of 2020, subject to the satisfaction of customary closing conditions, including the expiration or termination of any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

UBS Investment Bank served as financial advisor and Kirkland & Ellis LLP served as legal advisor to RDC and Vista Equity Partners.

About RDC

RDC, the Smarter Screening™ company prevents criminal infiltration of the world’s financial systems by delivering automated, intelligent customer screening and decision-ready intelligence. RDC supports more than 1,000 organizations and 35,000 compliance professionals across more than 100 countries in strengthening their KYC/AML, fraud and Politically Exposed Persons (PEPs) protection, ensuring sanctions and watchlist compliance, protecting their brand and reputation and managing supply chain and vendor risks. Founded by 20 of the world’s leading financial institutions, today RDC is a Vista Equity Partners portfolio company. Learn more about RDC by emailing info@rdc.com or visiting www.rdc.com.

Contacts

Press:

Terese Fernandez,
Global Head of Marketing
RDC
Office: +14846885164 | Mobile: +14843668226
tfernandez@rdc.com

RDC

NYSE:MCO 

More News

Contacts

Press:

Terese Fernandez,
Global Head of Marketing
RDC
Office: +14846885164 | Mobile: +14843668226
tfernandez@rdc.com

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Philly EnterpriseTech Highlights 1/22: Comcast sports problems in Denver; Microsoft giving up TV ambitions

those ambitions once tied to Comcast

Philly energy startup ConnectDER raises $7.25 million

Tom Paine

 ConnectDER, a Philadelphia-based startup that helps utilities integrate residential distributed energy resources, has raised $7.25 million in Series B funding from Clean Energy Ventures, Skyview Ventures, and Avista Development. www.connectder.com (from Axios Pro rata).

New York State’s Con Edison has been offering customers the use of ConnectDER for free. ConnectDER helps Con Ed with solar and EV integration for homeowners across their service territory.

ConnectDER was founded in 2013 by CEO Whit Fulton, a veteran of the energy distribution business. The startup currently has about 15 employees.

ConnectDER’s Design & Build Shop is on Washington Avenue in Philadelphia, but corporate headquarters is in Northern Virginia, according to the company’s website


Philly EnterpriseTech Highlights 1/21-1/22: Who’s at Davos; Qlik Acquisition

Linode, at 16, still growing

Tom Paine

This interview by TFiR:( Open Source and Emerging Tech) with Linode Founder Christopher Aker is a good watch. (37 minutes; from June of last year.)

Aker tells how he started and bootstrapped Linode. and what his operating philosophy is. A good description is to democratize technology by offering inexpensive virtualized services for the independent developer. Linode has continued to bypass all outside equity funding.

He describes the reasons for moving the business from a small Jersey shore town to Philadelphia (people needed a sense of community), and how he found the 162 year-old bank building that became Linode’s headquarters.

Aker says Linode has added about 100 employees in the last 18 to 20 months. Linode now has close to 200 employees according to the company’s Linkedin page. He says the management structure has become more complex (no longer flat) with the additional headcount, and that has been an adjustment process.

Two things Linode has been implementing are Kubernetes  and GPU Instances. In the future, Aker is working on database as a service, bare metal machines, and envisioning a future software-defined network architecture.

Philly EnterpriseTech People News 1/21/2020: Moul takes helm at newly funded Circonus; Ryvicker to lead IR at Comcast

Circonus Raises $6.8 Million Series A1 Investment; Appoints Serial Technology Entrepreneur, Bob Moul, as CEO

Osage Venture Partners leads round, joining repeat investor, NewSpring, as market demand for machine data intelligence grows

Circonus is the machine data intelligence expert, providing the only machine data intelligence platform capable of handling billions of metric streams in real time to drive unprecedented business insight and value.

NEWS PROVIDED BYCirconus 

Jan 21, 2020, 07:30 ET

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PHILADELPHIA, Jan. 21, 2020 /PRNewswire/ — Circonus, provider of the first machine data intelligence platform built to handle the volume and frequency of data seen in today’s global IT infrastructure and IoT deployments, today announced a $6.8 million Series A1 investment to continue advancing its machine data intelligence platform and meet market demand for machine data intelligence across multiple industries. The round was led by Osage Venture Partners and included new investors Bull City Venture Partners and Ben Franklin Technology Partners. NewSpring, which led the Series A investment, also invested in the round. Earlier in 2019, Circonus also brought on serial technology entrepreneur Bob Moul as CEO to lead the company in raising capital, growing the team, and expanding its market share.

Moul previously served as the CEO of Cloudamize, a cloud software company, which was acquired by Blackstone/Cloudreach in July 2017, and was President and CEO of Boomi, a cloud-based integration software company, which was acquired by Dell in November 2010. Theo Schlossnagle, who founded and has led Circonus since 2010, will serve as the company’s chief technology officer.

“As more of our world becomes digitized and virtualized, machines, and the data that we are able to gather from them, have become not just instrumental, but indispensable,” said Moul. “I’m honored to have the continued support of NewSpring, and am excited to have the additional backing and leadership from Osage Venture Partners. I’m looking forward to leading Circonus into its next chapter as we continue to grow and expand into new markets.”

“We are excited to partner with the leadership team at Circonus, particularly given Bob’s and Theo’s track records of success, and are impressed with the technology they’ve built,” said David Drahms, Partner, Osage Venture Partners. “No other solution can handle the massive scale of data that businesses are dealing with today at the frequency, speed and accuracy that is required for mission-critical IoT and monitoring systems. The timing is right.”

“We’re proud to continue our support of Circonus and are excited about its future growth with Bob at the helm,” said Brian Kim, NewSpring Partner. “The need for machine data intelligence is only going to grow as enterprises seek out the competitive advantages that data at scale can provide.”

Joining Osage Venture Partners and NewSpring Capital is Bull City Venture Partners based in Durham, North Carolina and Ben Franklin Technology Partners of Southeastern Pennsylvania. 

For more information on how machine data intelligence can be used to optimize operations, innovate new products and services, and create new revenue streams, read Circonus’ recently issued thought leadership paper.

About Circonus
Circonus is the machine data intelligence expert, providing the only machine data intelligence platform capable of handling billions of metric streams in real time to drive unprecedented business insight and value. Led by experts in large-scale distributed systems and data science, Circonus is pioneering the way that machine data at scale is leveraged throughout the enterprise, from operational analytics to IoT applications. To learn more, visit www.circonus.com

CONTACT: Colleen Martin, Colleen@0to5.com, (570) 259-0915

SOURCE Circonus

Circ onus Raises $6.8 Million Series A1 Investment; Appoints Serial Technology Entrepreneur, Bob Moul, as CEO

NEWS PROVIDED BYCirconus 

Jan 21, 2020, 07:30 ET

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Genetic precision medical company Color has Philly ties

Tom Paine

Genetic precision medical company Color, based in Burlingame CA, just raised $75 million in a Series D led by T. Rowe Funds and Viking Global Investors.

In the past year alone, Color announced several new partnerships, including with the Teamsters Health and Welfare Fund of Philadelphia and Vicinity. It already had Apple as a partner. The Teamsters partnership will provide access to Color’s clinical-grade genomic services to some 14,000 members of its regional unions.

In addition to individualized genetic health, Color also serves the market for population health. Last year Jefferson Health also became a Color partner , and approximately 30% of Jefferson’s 32,000 associates signed up for Color’s genetic tests.

Founded in 2015, Color has raised $150 million so far.