Attivio’s flagship product, the Active Intelligence Engine, aims to combine the power of big data analytics, enterprise search, and business intelligence. The venture firm Oak Investment Partners focuses on investments in IT, internet and consumer, financial services technology, healthcare services, and clean energy. Oak Investment Partners recently announced their plan to provide new funding for Attivio, and the details can be read in, “Attivio Raises $34 Million in New Growth Capital.” Some initial Attivio investors have also renewed their financial commitments.
’Attivio is in business to solve complex problems that were previously unsolvable. We crave these types of challenges and look for them in our customers,’ said Ali Riaz, CEO of Attivio. ‘After five years of building a powerful technology foundation, world-class team and extensive partner network, we are poised to take our momentum to even greater levels. This new round of financing supports our continued growth and broadens the network that helps bring our disruptive, game-changing technology to the global marketplace.’
The Raine Group served as Attivio’s advisor during the financing process, which launched in 2007. As big data trends continue and the value of business intelligence software is realized, it is exciting to see growing financial investments. When it comes to innovation and leading the way in Big Data and enterprise search, it should be noted that open source is not limited to a closed system, and can instead draw on the community to collaborate, share, and lead the way in developing innovative solutions. LucidWorks, which offers LucidWorks Search and LucidWorks Big Data, is a good example of an organization heavily invested in the open source search industry.
Philip West, October 31, 2012