Palo Alto, CA – April 30, 2014
Big Data Leader Targets Most Important Opportunity in Hadoop Ecosystem
Woodside Capital Partners International LLC, a global, independent investment bank, announces it acted as the exclusive financial advisor to Karmasphere, a company with revolutionary technology that creates solutions targeting the most important opportunity in big data ecosystem – generating useful information for end users. Karmasphere has been acquired by FICO (NYSE:FICO), a leading analytics and decision-making software company. The financial terms of the transaction were not disclosed.
Data analytics tools of the past were designed for smaller data sets and processes. With the advent of social media, video and the greater influx of raw data, organizations have enlisted Hadoop-related technology to store and analyze very large data sets. Hadoop is a way to store vast amounts of data sets across distributed clusters of servers and then manage those data sets. Karmasphere provides full-fidelity analytics on Hadoop with a streamlined, open and enterprise-ready approach to big data analytics.
“Karmasphere solved the biggest problem in big data – that is, effectively transforming enormous amounts of raw data into business insights,” said Kelly Porter, Managing Director of Woodside Capital Partners. “Karmasphere breaks through the complexities of Hadoop and provides companies with powerful Big Data analytics to make it easier for them to deeply understand their customers and track the conversations around their brand.”
Karmasphere empowers the New Customer Analytics, providing deep insights on Big Data to optimize every customer touch point. Using personalized workspaces and self-service templates, analytics are rapidly assembled, customized and shared across business teams. With Karmasphere’s full-fidelity support for Hadoop, data is never abstracted or replicated, maintaining the richness, agility and low cost of ownership needed for innovation and competitive advantage in the era of Big Data. To learn more about Karmasphere, please visit www.karmasphere.com.
FICO (NYSE: FICO) is a leading analytics software company, helping businesses in 80+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction. The company’s groundbreaking use of Big Data and mathematical algorithms to predict consumer behavior has transformed entire industries. FICO provides analytics software and tools used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations. Many of our products reach industry-wide adoption. These include the FICO® Score, the standard measure of consumer credit risk in the United States. FICO solutions leverage open-source standards and cloud computing to maximize flexibility, speed deployment and reduce costs. The company also helps millions of people manage their personal credit health. For more information about FICO, visit www.fico.com.
About Woodside Capital Partners
Woodside Capital Partners is a global, independent investment bank that delivers world-class strategic and financial advice to emerging growth companies in the technology and life sciences sectors. With a strong track record in M&A, strategic partnerships and private placements, Woodside Capital Partners has been providing worldwide investment banking services since 2001 with leading domain experience in software, Internet services, electronic communications and materials, and healthcare. The team of Woodside Capital Partners has completed transactions totaling more than $10 billion. Woodside Capital Partners is the Silicon Valley headquarters of M&A International, the world’s leading mergers and acquisitions alliance. Securities offered through Woodside Capital Securities LLC, member FINRA/SIPC. For more information, please visit www.woodsidecap.com.
Woodside Capital Partners International LLC