TMCnet Feature

To fund the development of big data innovations for real-time location-based services, network data management company SpaceCurve has raised $2.7 million. Plus, to chart a new course for the company, it has hired technology industry veteran, John Slitz, as the new chief executive officer. Investors in the recently completed series of financings include Reed Elsevier (News - Alert) Ventures, Divergent Ventures and Musea Ventures.

SpaceCurve said that Slitz brings more than 30 years of technology industry experience to the company. Prior to Joining SpaceCurve, Slitz was CEO of Systems Research and Development, a company that was acquired by IBM (News - Alert), where subsequently he served as general manager of the IBM Threat and Fraud Intelligence business unit. Earlier he was senior vice president of marketing at Novell (News - Alert), where Slitz led the launch of NetWare 5. At SpaceCurve, Slitz will set the company's new strategic direction, build the management team and manage day-to-day growth.

In a statement, said Slitz, "As Hadoop, NoSQL and relational vendors stretch their technologies in an attempt to solve real-time big data problems for large and complex data sets, they are opening market opportunities for SpaceCurve." He added, "The ability to instantaneously handle the scale and complexity of geospatial, temporal, network and machine-generated sensor data requires the new spatial-temporal database that we have created and is the basis for our new product offerings."

Likewise, commented Tony Askew, general partner at Reed Elsevier Ventures, a leading Big Data investor, "SpaceCurve is solving a big data problem that no one is addressing today at a major turning point in the market -- the ability to track the locations of entities in space and time as they happen, and immediately identify the relationships between them." "With John joining Andrew Rogers, founder, CTO and big data expert, we are adding what SpaceCurve needs to capture this tremendous market opportunity: proven strategic and management success growing technology companies," asserted Askew.