Welcome!

Recurring Revenue Authors: Pat Romanski, Liz McMillan, Elizabeth White, Yeshim Deniz, Zakia Bouachraoui

News Feed Item

Embedded BI & Visual Analytics Provider Izenda Secures $3M

Ethos Partners and Hawthorne Capital Raise Growth Equity Funding For Expansion

ATLANTA, Aug. 7, 2014 /PRNewswire/ -- Embedded BI, visual, analytics and self-service reporting software provider Izenda (http://www.izenda.com) has raised $3 million in a growth equity investment round led by Ethos Capital Partners and Hawthorne Capital. Izenda provides business intelligence visualization software for data discovery via an HTML5 model versus a developer-oriented, desktop-based environment. Current customers include Oracle, Infor, CDC, Volvo, US Navy, and Thomson Reuters.

"We are delighted to be backing Izenda in its continual efforts to accelerate and improve the highly accepted suite of BI and reporting products," said Dr. Mark Bell, Partner at Ethos Capital. "Our customer interactions confirmed that Izenda provides an experience that is ahead of the trend of placing decision-making tools into the hands of decision makers."

"This growth capital raise is a meaningful milestone for the Izenda team," said Christopher Carter, General Partner at Hawthorne Capital. "There is a large market opportunity for user-friendly, embedded BI, and the funds will allow Izenda to increase growth organically and through measured investments in sales and marketing."

The funds will expedite Izenda's growth and expand the company's share of the business intelligence and analytics software market. Izenda is currently building out new headquarters in Atlanta, Ga. and plans to move by the end of the fourth quarter.

"The investment will accelerate the rapid growth we are already experiencing," said Sanjay Bhatia, Founder and CEO, Izenda. "We are investing in massive expansion to support the sustained and growing demand for our solution. Over half a billion people today use an enterprise line-of-business application that cannot visually access or explore their data the way Izenda can. This funding will empower a lot of people."

Sanjay Bhatia founded Izenda, Inc. in 2002 to provide self-service reporting, real-time dashboards, visual analytics, and data virtualization. In 2009, Izenda was one of the first applications on the Microsoft Azure platform. Today, Izenda has become a leader in embedded BI with instant reports, flexible filters, and discoverable data. With the release of 6.8 in Fall 2014, Izenda will provide full spectrum analytics with multi-dimensional, interactive visualizations.

In conjunction with the financing, Mike Casey has joined Izenda's management team as Chief Financial Officer, and Mark Bell and Christopher Carter have joined the Board of Directors of Izenda, Inc.

About Izenda

Over one million business users and technologists use Izenda's agile business intelligence tools to make better business decisions every day. We believe in the power of utilizing metadata to create technology that takes hours or days rather than months or years to deploy. Our SaaS-based solution, available for Web or native applications, allows users to analyze data in real-time through custom dashboards and reporting tools with interactive visualizations. At Izenda, we define software as the experiences we create for our customers and not just the features in our products. www.Izenda.com

About Ethos Capital Partners

Ethos provides growth equity and opportunistic capital to small and mid-sized companies in Georgia and throughout the Southeast. Working across sectors and structures, Ethos believes a people-first investment approach delivers superior returns over the long term. Ethos leverages a unique set of relationships to originate and add value to a set of opportunities beyond traditional private equity investing. www.ethospartners.com

About Hawthorne Capital Partners

Hawthorne Capital is an Atlanta, GA based investment firm that funds exceptional companies nationwide. The firm provides growth equity and credit investments for growth, recapitalizations, and management-led buyouts. Hawthorne seeks to find and partner with exceptional entrepreneurs to help them accelerate their growth and achieve targeted results and outcomes.www.hawthornecapital.co

 

SOURCE Izenda

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
The graph represents a network of 1,329 Twitter users whose recent tweets contained "#DevOps", or who were replied to or mentioned in those tweets, taken from a data set limited to a maximum of 18,000 tweets. The network was obtained from Twitter on Thursday, 10 January 2019 at 23:50 UTC. The tweets in the network were tweeted over the 7-hour, 6-minute period from Thursday, 10 January 2019 at 16:29 UTC to Thursday, 10 January 2019 at 23:36 UTC. Additional tweets that were mentioned in this...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Japan DX Pavilion at @CloudEXPO Silicon Valley
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Where many organizations get into trouble, however, is that they try to have a broad and deep knowledge in each of these areas. This is a huge blow to an organization's productivity. By automating or outsourcing some of these pieces, such as databases, infrastructure, and networks, your team can instead focus on development, testing, and deployment. Further, organizations that focus their attention on these areas can eventually move to a test-driven development structure that condenses several l...
The term "digital transformation" (DX) is being used by everyone for just about any company initiative that involves technology, the web, ecommerce, software, or even customer experience. While the term has certainly turned into a buzzword with a lot of hype, the transition to a more connected, digital world is real and comes with real challenges. In his opening keynote, Four Essentials To Become DX Hero Status Now, Jonathan Hoppe, Co-Founder and CTO of Total Uptime Technologies, shared that ...
Over the course of two days, in addition to insightful conversations and presentations delving into the industry's current pressing challenges, there was considerable buzz about digital transformation and how it is enabling global enterprises to accelerate business growth. Blockchain has been a term that people hear but don't quite understand. The most common myths about blockchain include the assumption that it is private, or that there is only one blockchain, and the idea that blockchain is...
Never mind that we might not know what the future holds for cryptocurrencies and how much values will fluctuate or even how the process of mining a coin could cost as much as the value of the coin itself - cryptocurrency mining is a hot industry and shows no signs of slowing down. However, energy consumption to mine cryptocurrency is one of the biggest issues facing this industry. Burning huge amounts of electricity isn't incidental to cryptocurrency, it's basically embedded in the core of "mini...
Every organization is facing their own Digital Transformation as they attempt to stay ahead of the competition, or worse, just keep up. Each new opportunity, whether embracing machine learning, IoT, or a cloud migration, seems to bring new development, deployment, and management models. The results are more diverse and federated computing models than any time in our history.
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...