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PE Hub reports that $20 million in Series B round of funding led by Intel Capital was secured by Palo Alto, Calif.-based WebAction, a provider of a data integration and streaming analytics platform. Summit Partners, Panorama Point Partners, Frank Caufield and Regis McKenna joined the round.

As part of the funding, Igor Taber, investment director at Intel Capital, has joined the board. “The company previously raised an $11 million Series A round led by Summit.”

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New Investment to Expand Reach and Accelerate Sales in Response to Market Demand for an End-to-End Streaming Data Integration and Streaming Analytics Platform

PALO ALTO, CA, September 14, 2015 – WebAction, Inc., provider of the Striim™ platform for end-to-end streaming data integration and streaming analytics, today announced $20 million in Series B funding. Led by Intel Capital, the round includes additional investment from existing investors Summit Partners, Frank Caufield and Regis McKenna, as well as Panorama Point Partners and a new strategic investor.

WebAction will use the investment to continue its mission to make data useful the instant it’s born. The funds will help the company expand the technical depth and market reach of the Striim platform, accelerate sales, and build distribution channels to help meet rapidly increasing demand.

“As real-time requirements for Big Data applications have increased, so have the complexities associated with managing diverse data sources,” said Arvind Sodhani, executive vice president of Intel Corporation and president of Intel Capital. “Not only has WebAction solved the challenge of real-time data integration, they’ve coupled it with an easy-to-use streaming intelligence solution in a single platform. The combination has the potential to be truly disruptive.”

Igor Taber, investment director for Big Data and Analytics at Intel Capital, will join WebAction’s board of directors.

WebAction was founded in 2012 with the belief that the fundamental challenge in delivering streaming analytics is, in fact, streaming data integration.

“When we started WebAction, we recognized the importance of real-time data integration and streaming change data capture, as well as the opportunity for a new software offering that could introspect data while in-motion,” said Ali Kutay, founder, president and CEO of WebAction. “Fast forward to today, we now draw on our deep experience in both data integration and application infrastructure to make streaming data integration accessible, and deliver an enterprise-strength, end-to-end streaming analytics platform¹.”

According to Forrester Research, the Big Data integration market promises to be bigger than the traditional data integration market within three years.² At the same time, the streaming analytics market is expected to grow at a Compound Annual Growth Rate (CAGR) of 31.3% from 2015 to 2020.³  As the Big Data integration and streaming analytics markets converge, WebAction is uniquely positioned to bridge the requirements on both sides of the equation.

WebAction’s Striim platform boasts numerous successful deployments and projects across financial services, telco, retail, gaming and the Internet of Things (IoT).

WebAction also announced today the rebranding of its software offering as Striim (pronounced “stream”), the end-to-end streaming integration and intelligence platform, as well as the Fall release of the next version of the software.

For more details regarding the Striim platform, please visit triim.com or our blog at striim.com/blog/.

Editorial Note:

WebAction will have a presence at TDWI in San Diego on September 20-25, and Strata + Hadoop World in New York City on September 29-October 1.

On October 7 at 11am Pacific, WebAction will host a webinar with guest speaker, Mike Gualtieri, Forrester Research principal analyst covering Big Data strategy, looking at the evolution of streaming analytics, and how a new focus on streaming data integration changes the landscape. Register here.

About WebAction, Inc.

WebAction makes data useful the instant it’s born. The company provides the Striim™ platform, the only end-to-end streaming integration and intelligence solution. Striim enables multi-stream data integration and real-time Change Data Capture (CDC) across a wide variety of data sources including transactions from enterprise databases, events, log files, application and IoT sensor data. With data pipelines in-place, the Striim platform makes streaming analytics easy. Enterprises can detect anomalies, identify and visualize events of interest, and trigger alerts and workflows – all in-time and in-context. Based in Palo Alto, CA, WebAction was founded by the core team at GoldenGate Software (acquired by Oracle in 2009), and is backed by leading investors including Summit Partners, Panorama Point Partners, Frank Caufield, Regis McKenna, and Intel Capital. For more information on WebAction and the Striim platform, please visit striim.com, or follow @striimteam.

About Intel Capital

Intel Capital, Intel’s strategic investment and M&A organization, backs innovative technology startups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting computing and smart devices, cloud, datacenter, security, the Internet of Things, wearable and robotic technologies and semiconductor manufacturing. Since 1991, Intel Capital has invested nearly US$11.6 billion in over 1,400 companies in 57 countries. In that timeframe, 213 portfolio companies have gone public on various exchanges around the world, and 373 were acquired or participated in a merger. In the first eight months of 2015, Intel Capital invested $465 million in 94 deals, including 45 new portfolio companies, and saw 15 exits. Through its Global Summit and other business development programs, Intel Capital curates thousands of meetings each year between its portfolio and Intel’s partners in the Global 2000. For more information on what makes Intel Capital one of the world’s most powerful venture capital firms, visit www.intelcapital.com or follow @Intelcapital.

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Press Contact
Natasha Woods
10Fold
+1 925.271.8219
webaction@10fold.com

¹   Forrester Research defines the streaming analytics platform as: Software that can filter, aggregate, enrich, and analyze a high throughput of data from multiple disparate live data sources and in any data format to identify simple and complex patterns to visualize business in real-time, detect urgent situations, and automate immediate actions.
The Forrester Wave™: Big Data Streaming Analytics Platforms, Q3 2014, Forrester Research, Inc.

²   Market Overview: Big Data Integration, Forrester Research, Inc., December 5, 2014.

³   Streaming Analytics Market by Verticals – Market Forecast & Analysis 2015 – 2020, Research and Markets

Company Announces New Brand to Support End-to-End Platform for Streaming Data Integration and Streaming Analytics; Fall Release of Striim Platform

PALO ALTO, CA, September 14, 2015 – WebAction, Inc. today announced that it has rebranded its software as Striim™ (pronounced “stream”), the streaming integration and intelligence platform. The platform remains the same enterprise-strength, end-to-end streaming data integration and operational intelligence solution that has been generally available from WebAction for the past year. The new brand will help communicate the dependency that streaming analytics has on streaming data integration. Product advances in the Fall release of the Striim platform further highlight customer need for both integration and intelligence.

“Drawing on their deep data integration experience, the WebAction team realized that the real challenge of streaming analytics would be in the real-time collection and processing of streaming data,” said John Myers, managing research director at Enterprise Management Associates. “With this in mind, I think “Striim” better conveys what their solution is all about – real-time data acquisition combined with analytical processing, data visualizations and alerting on data in-motion.”

Striim uniquely combines both streaming integration and streaming intelligence in a single platform. The Striim platform can ingest high-speed streaming data from a wide variety of sources – including change data from enterprise databases – and deliver them to many different types of systems within milliseconds. While the data is moving, enterprises can filter, transform, aggregate and enrich it at-speed, organizing it in-memory before it lands on disk.

When deeper insights are needed, the Striim platform enables correlation of streaming information, anomaly detection, and the ability to identify interesting events and patterns while the data is in-motion. All this information can be stored, visualized through real-time streaming dashboards, and used to immediately trigger alerts and workflows.

The Fall release of the Striim platform offers significant advances in support of both streaming integration and streaming analytics.

Continuing the strategy to integrate with open source solutions, the platform now offers:

• Support for Kafka as target message queue. Many companies are looking to Kafka to serve as a messaging backbone. In addition to reading from Kafka, Striim users can now write to a Kafka message queue. More granular functionality includes writing to a Kafka topic and partitions. Striim formatters enable users to build applications and deliver output in a simple declarative manner, out-of-the-box.
• Hadoop/HDFS dynamic file management. Not only can Striim write to Hadoop, but it can also take advantage of Hadoop’s distributed file system, and easily write across the cluster to multiple nodes. Striim enables a clever partitioning scheme from all sources into HDFS. Parallel file creation allows users to write and create multiple files in parallel, while criteria can be based on the streaming event data itself. This is important for handling different partitioning schemes.
• Support for Hive as a target. In addition to pulling data from Hive, the Striim DBMS writer component can also directly write to Hive tables and partitions, enabling faster access to Hive data.

The focus for streaming analytics and operational intelligence is on:

• Advanced event correlation. The Striim platform’s easy-to-use pattern matching operator leverages simplified rules and regular expressions to create custom correlation logic. Users can define patterns that look for a specific sequence of events within a single stream, or across multiple streams from various sources, occurring within a certain timeframe.
• Optimizations for fast query of large caches.

At the platform level, Striim also introduces a Health Monitoring Object that offers access to vital signs – including cluster, application, server and state changes – for proactive monitoring via a RESTful API. This facilitates integration into existing monitoring frameworks.  For increased security, Striim users can now encrypt data as it’s flowing into the cluster.

WebAction also announced today a round of $20 million in Series B funding, led by Intel Capital.

For more details regarding the Striim platform, please visit triim.com or our blog at triim.com/blog/.

Editorial Note:

WebAction will have a presence at TDWI in San Diego on September 20-25, and Strata + Hadoop World in New York City on September 29-October 1.

On October 7 at 11am Pacific, please join WebAction and guest speaker, Mike Gualtieri, Forrester Research principal analyst covering Big Data strategy, for a look at the evolution of streaming analytics, and how a new focus on streaming integration changes the landscape. Register here.

About WebAction, Inc.

WebAction makes data useful the instant it’s born. The company provides the Striim™ platform, the only end-to-end streaming integration and intelligence solution. Striim enables multi-stream data integration and real-time Change Data Capture (CDC) across a wide variety of data sources including transactions from enterprise databases, events, log files, application and IoT sensor data. With data pipelines in-place, the Striim platform makes streaming analytics easy. Enterprises can detect anomalies, identify and visualize events of interest, and trigger alerts and workflows – all in-time and in-context. Based in Palo Alto, CA, WebAction was founded by the core team at GoldenGate Software (acquired by Oracle in 2009), and is backed by leading investors including Summit Partners, Panorama Point Partners, Frank Caufield, Regis McKenna, and Intel Capital.

For more information on WebAction and the Striim platform, please visit www.striim.com, or follow @striimteam.

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Press Contact
Natasha Woods
10Fold
+1 925.271.8219
webaction@10fold.com

We are excited to announce a partnership today, WebAction is introducing the Real-time App Platform into South America with Southpartner, the Brazilian-based management group, specializing in setting up and managing new business ventures for foreign technology companies in South America. With its origin in the ICT sector, Southpartner is well-positioned to spearhead the integration of the Real-time App platform into emerging South American markets. “We are excited to launch this partnership, expanding our footprint into South America. Southpartner’s expertise accelerates WebAction’s entrance into this market,” Ali Kutay, CEO of WebAction. The The Real-time App Platform processes all types of data in innovative ways so users can react to diverse sets of information in massive volumes and maximize the value of big data within their enterprise.

Read the press release: WebAction and Southpartner Join Forces to Bring Real-time Big Data Analytics to South America.

 

Real-time Data Driven Software Pioneer Incorporates SimbaEngine ODBC Connectors into its Flagship Real-time Enterprise App Platform

Today Simba Technologies Inc., the enterprise leader in standards-based connectivity solutions for relational and multi-dimensional data, announced that data driven app innovator WebAction, Inc. is using the SimbaEngine™ Software Development Kit to develop ODBC connectivity for its revolutionary Real-time Enterprise App Platform. The SimbaEngine SDK—the best-in-class driver-development environment for enterprise data integration—enables developers to produce ODBC, JDBC, OLE DB or ADO.NET data connectivity to both SQL-enabled and non-SQL data stores.

“At WebAction, we’re focused on delivering an integrated real time app platform to build and deploy data-driven applications for our customers,” says Alok Pareek, WebAction’s Executive Vice President, Products. “The SimbaEngine SDK gives us the tools to rapidly integrate with third party technology products using standards based interfaces.”

“WebAction’s Real-time Enterprise App Platform enables enterprise developers to create real-time apps in days, not months or years,” notes Simba Technologies CEO Amyn Rajan. “At Simba, that commitment to accelerated agile development is something we both respect and embrace: Similarly, SimbaEngine developers can implement commercial-grade, scalable, easy-to-maintain data drivers, often in as few as five days.”

With SimbaEngine-developed connectivity, WebAction customers will be able to extend their applications to the leading analytics and data-visualization solutions like Tableau, Excel, and other BI tools. WebAction data driven apps will offer an elegant web services layer that enables connection via ODBC. WebAction customers can perform SQL-like queries on their real-time big data, then work with their resultant Big Data Records in the analytics application of their choice.

“Fast development is good, but so is performance, security, and stability,” continues Simba Technologies’ Rajan. “Because of WebAction’s adoption of the SimbaEngine SDK, its enterprise customers will enjoy lightning-fast query speeds, flexible SQL data management, and all the benefits of ODBC 3.8 compatibility, including asynchronous execution and data-type extensibility.”

Simba Technologies’ SimbaEngine SDK 9.3 is the platform for building ODBC, JDBC, ADO.NET, or OLE DB data connectors to SQL-enabled, NoSQL, or proprietary data sources. The SimbaEngine SDK 9.3 is a componentized, extensible framework that Independent Software Vendors (ISVs), Data Warehouse developers, and F5000 enterprise developers can use to quickly implement commercial-grade, scalable, easy-to-maintain data drivers, often in as few as five days.

The WebAction Real-time Enterprise App Platform enables next generation data driven apps ready for the Internet of everything. WebAction acquires both structured and unstructured data from sources including database transactions, systems and device logs, social media, and many more. Using a familiar SQL-like language, WebAction users can correlate multiple data streams, enrich those streams with context and historic data, and build real-time data driven apps in days, not months or years.

Simba’s SimbaEngine SDK 9.3 platform is available for individual, enterprise, and OEM licensing. For more information about the SimbaEngine SDK 9.3 and to sign up for a free trial, visit www.simba.com/products/simba-engine-sdk. To see how easy it is to develop a connectivity driver using the SimbaEngine SDK in just five days, visit www.simba.com/resources/webinars/build-a-driver-in-5-days.

About Simba Technologies Inc.

Simba Technologies (www.simba.com) is the recognized world leader in standards-based data access and analytics products and solutions for both relational and multi-dimensional data sources. Simba provides data connectivity solutions to many of the world’s leading companies on various platforms, including Windows, Mac, UNIX, Linux and many mobile device platforms. Simba’s data connectivity products support multiple interfaces, including ODBC, JDBC, OLE DB, OLE DB for OLAP (ODBO), XML for Analysis (XMLA), ADO, ADO.NET, ADOMD and ADOMD.NET.

Simba’s software is used worldwide. Its customers include leading independent software vendors and global enterprises like Alteryx^®, Cloudera^®, Datastax^®, Hortonworks^®, MapR^®, Microsoft^®, Oracle^®, Qubole^®, SAP^®, Splunk^®, Tableau^®, and Teradata^®.

About WebAction

WebAction offers real-time data driven Apps and the underlying Real-time Enterprise App Platform. The platform allows data-in-motion to be filtered, processed, enriched, and correlated with other streams and context data. Real-time Apps are built in days, not months or years. Learn more at www.webaction.luxcer.com.

Company and product names are trademarks of their respective owners.

Industry Luminaries Frank Caufield, Regis McKenna, and Peter Chung join WebAction’s Board of Directors

PALO ALTO, CA–WebAction, Inc., the Real-Time Big Data Server company, today announced that it has closed an $11 million Series B financing led by Summit Partners, a leading global growth equity firm. The new capital will allow WebAction to expand research and development, and increase investments in sales, marketing, and other business development activities.

WebAction Real-Time Big Data Server is an end-to-end platform that enables the next generation of real-time, data driven applications by acquiring, processing, and delivering structured and unstructured data. The platform allows data to be filtered, processed, enriched, and correlated while it is still in motion. WebAction users can act on diverse data in massive volumes and maximize the value of big data within their enterprises.

“We are delighted to have Summit Partners join the team as their experience and success with rapidly growing companies makes them the ideal partner for WebAction,” said Ali Kutay, Chairman and CEO of WebAction. “Given our prior joint successes with Summit Partners,” he added, “we are well positioned to deliver industry-leading solutions to the enterprise market.”

Ali Kutay was President & CEO of a former Summit Partners portfolio company, GoldenGate Software, that was acquired by Oracle in 2009. In addition, he served on the Board of Ogone, a Summit Partners portfolio company that was acquired by Ingenico in March 2013.

Peter Chung, a Managing Director of Summit Partners who has joined the WebAction Board of Directors, said, “It is a rare privilege to have the opportunity to back Ali Kutay and the WebAction team in another transformative company. We know from our history together at GoldenGate Software that this team can combine product vision and deep technical expertise to deliver uniquely valuable mission-critical solutions to their customers. We look forward to partnering with the WebAction team in support of the company’s long-term growth strategy.”

In addition to Summit Partners, WebAction added Kleiner Perkins Caufield & Byers cofounder Frank Caufield and Silicon Valley marketing guru Regis McKenna as investors and members to its board of directors.