Kognitio®, a fast-growing global provider of business intelligence (BI) and data warehousing solutions, today announced 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 capability and unprecedented speeds to load access and query data, and sets new standards in data warehousing and data analytics. The solution is available as a software-only solution, as a fully configured data warehouse appliance running on x86 hardware or on-demand via DaaS, a pay-as-you-go cloud-based solution.
The funding will enable Kognitio to accelerate the expansion of the team, further internationalise the business and underlying technology and to invest in other initiatives to improve its offering to partners and customers.
Commenting on the transaction on behalf of the company, Roger Llewellyn, Chief Executive Officer, said: "We are delighted to have such experienced and successful software investors as CFP & Founders Investments as shareholders. With their support we will strive to offer our customers the very best analytical solutions with the very best support team."
Jens Munk, Managing Director at CFP & Founders Investments, who will join the board, commented: "Having monitored Kognitio’s progress for over a year we have validated our first conclusion that WX2 is a world leader 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 sure of success. We look forward to working with this great team.”
CFP & Founders Investments believes in Kognitio as the industry's fastest and lowest TCO data warehousing solution and intends to support Kognitio with expertise, commercial contacts and management capacities in the next couple of years.
Kognitio (kognitio.com) is an innovative, technology-rich company, providing leading-edge solutions to business problems that require the acquisition, rationalisation 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. WX2, a 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 realise 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, retail and utilities.
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.