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BI Leader Numetric Raises $3.75M in Strategic Funding, Attracts EPIC Ventures; Appoints Greg Butterfield to BoardIn a move that is changing the game for data exploration, third-generation Business Intelligence (BI) provider Numetric is poised to grow more quickly with $3.75 million in funding, capped by the addition in December of $1.5 million from EPIC Ventures and the appointment of Greg Butterfield as Chairman of the company's board. Since 2015, Numetric has grown rapidly as the fast and flexible data management alternative that makes data exploration easy and immediate, with no complicated query language to learn. Scores of organizations are adopting Numetric as their BI alternative of choice. The product operates alone or in tandem with other data management platforms, with particular specializations emerging in retail, education and transportation. "Our mission is to transform the future of business intelligence by making business data instantly consumable by everyone who needs it," said founder and CEO Robert Sweeney. "We provide a platform that's unbelievably fast and intuitive so that any business user, not just data analysts, can get the answers they need from their data and apply it in new and meaningful ways." Current customers range from retail providers such as Costa Vida, Orbit Irrigation and Freshly Picked to state governments and educational institutions. To support its growth, Numetric is partnering wih EPIC Ventures, a premier venture firm with a track record for launching exceptional technology firms, as its strategic funding provider. EPIC was the first institutional investor in notable Utah successes, including Ancestry.com (IPO), Mozy.com (acquired by EMC (News - Alert)), Instructure (IPO), NetDocuments (acquired by Frontier Capital) and SolutionReach (acquired by Summit Partners). "Numetric has the potential to change the landscape of data management for retailers, governments and transportation providers," said EPIC Ventures Director Ryan Hemingway. "We are extremely pleased to move forward as a strategic investor in a company we can support in achieving monumental industry change." In addition to the new investment, Numetric has expanded its leadership team with the appointment of Greg Butterfield to its Board of Directors. "Business intelligence is a vibrant sector that is dramatically increasing the potential of every organization and business," Butterfield said. "Within that sector, Numetric is one of the most remarkable companies I have seen. This is a company and a technology with the potential to change the face of the data management world." Butterfield has been involved in board and advisory roles to multiple industry leading analytics companies including Omniture (News - Alert) (acquired by Adobe for $1.8B) and InsideSales (raised more than $200M). He brings more than 25 years of executive-level experience in enterprise systems management software to Numetric. Butterfield led IT lifecycle and infrastructure company Altiris (News - Alert) to market leadership as its CEO, president and chairman, driving the company to a successful IPO and acquisition by Symantec. Most recently, Butterfield served as CEO of Vivint Solar and fulfills advisory roles for MaritzCX, SaltStack, Venafi and other technology organizations in addition to his role with Numetric. About EPIC Ventures EPIC Ventures is a premier venture firm focused on early stage technology investments in Internet infrastructure, software and services. EPIC helps to create companies, not just fund them. For more information, please visit www.EPICvc.com. About Numetric Numetric is a privately-held software company that provides lightning fast and easy-to-use business intelligence tools. Numetric is the first third-gen business intelligence platform built to take full advantage of cloud technology to support organizations in achieving optimum efficiency and revenue growth. Taken to its highest fruition, Numetric hopes to change the landscape for advanced data management that is interchangeable among vendors and accessible to organizations of all sizes, throughout the world. For more information, visit www.numetric.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161229005094/en/ |
