LONDON, May 7, 2015 /PRNewswire/ --
Following its successful Series A funding in June 2014, Big Data Partnership has concluded its Series B financing round in order to continue its growth and dominance as EMEA's leading big data services company. Led by Beringea, a private equity firm that has previously invested £1.25m in the company, the £3.1m financing round aims to expand Big Data Partnership's core capabilities in sales and marketing, engineering and data science, in order for the company to meet increasing demand from new enterprise clients. With the benefit of the additional investment round, the company will move to larger premises in the heart of London's Tech City to accommodate its expanding workforce.
"With proven knowledge and experience aligned to delivering genuine business value, we have become a trusted partner in driving high-impact results in big data for our clients. In the rapidly changing market, we believe in collaboration with the leading technology providers and continuously developing skills internally and with the client to maximise the value of big data," said Mike Merritt-Holmes, CEO, Big Data Partnership. "This further financing round gives us additional resources to expand quickly and strategically and deliver on our goal of being the best and most trusted big data service provider."
Big Data Partnership provides vendor-agnostic big data consulting, training and support for diverse industries including banking, insurance, telecoms, utilities, web, gaming and media. The company can boast strong partnerships with several leading Fortune 500 companies, including preeminent financial institutions and many of the world's foremost big data technology providers such as Hortonworks, MapR Technologies, Databricks, Elastic and Platfora, and its client portfolio is growing rapidly across the UK and EMEA.
With analysts predicting data growth of 50x year-on-year until 2020, new opportunities and challenges will abound for organisations of all sizes. The need for big data analysis, therefore, has never been greater. Due to the ever-evolving nature of the big data landscape, an in-depth understanding of the emerging technologies that could help increase the value derived from big data implementations is crucial. Being able to deal with tomorrow's challenges today will be the key to success. Big Data Partnership, whose revenues have continued to more than double year-on-year since being incorporated in early 2012, has proven it fits the bill.
In December 2014, Big Data Partnership announced it had secured a match-funded grant for a £1 million diabetes care project from Innovate UK (formerly Technology Strategy Board) to predict complications of diabetes far in advance of symptoms appearing; a revolutionary project, which will bring a much more data-driven approach to traditional medical research.
"As the first institutional investor in Big Data Partnership, we have long believed in the inevitable relevance of big data professional services in the enterprise," says Trevor Hope, Chief Investment Officer of Beringea. "What's become apparent is that enterprise businesses are increasingly partnering with professional service providers to support their big data strategic initiatives. Big Data Partnership is ideally positioned to successfully guide these companies on their big data journey. We are committed to helping the team become the dominant player in this market."
About Big Data Partnership
Founded in 2012 by Mike Merritt-Holmes, Pinal Gandhi & Tim Seears, Big Data Partnership is EMEA's leading big data specialist solution provider. Offering data science, big data engineering and certified training & support, Big Data Partnership provides scalable and reliable solutions to capture, store and analyse big data rapidly and at low-risk. Big Data Partnership's team has deep expertise and experience in key big data technologies including the Apache Hadoop ecosystem, Apache Spark, Apache Cassandra and other NoSQL technologies. Big Data Partnership is venture-funded by Beringea LLP. For more information, visit http://www.bigdatapartnership.com.
Beringea is an international venture capital firm with offices in London and Detroit. In the UK Beringea manages ProVen VCT, ProVen Growth & Income VCT and ProVen Planned Exit VCT. Beringea launched its first VCT in 1996, making it one of the most experienced VCT managers in the UK. ProVen Growth & Income and ProVen VCT are highest performing VCTs of their launch years, respectively, according to http://www.taxefficientreview.com. For more information please visit http://www.provenvcts.co.uk.