Bluenose Analytics Secures $10M to Help Businesses Reduce Customer Churn & Drive Revenue

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San Francisco, CA (PRWEB) December 11, 2013

Bluenose Analytics today announced it has secured $ 10 million in venture funding from The Social+Capital Partnership and Norwest Venture Partners (NVP). The funding includes a two million dollar seed investment led by The Social+Capital Partnership and an eight million dollar Series A led by NVP.

With a successful beta launch earlier this year, Bluenose will leverage the investment to continue expanding the capabilities of its platform, including deepening its predictive analytics. Bluenose is also deepening its executive team with thought leaders to drive content focused on customer retention best practices.

“For companies with recurring revenue models, customer churn is the number one threat to success and sustainability,” said Jeffrey M. Kaplan, managing director of THINKstrategies, Inc. and founder of the Cloud Computing Showplace. “Businesses need a powerful analytics platform to make the most of the growing amount of data they can collect about their customer base and turn it into additional revenue-generating outcomes.”

Built from the ground up by software-as-a-service experts, the Bluenose Analytics platform helps companies identify customer issues early, including the drivers of churn. By combining business intelligence and automated customer engagement, Bluenose pinpoints at-risk customers and opportunities to up-sell at every stage in the lifecycle.

“We invested in Bluenose early on – when it was Don, Todd, and a value proposition that resonated with us,” said Mamoon Hamid, general partner at The Social+Capital Partnership. “One of the biggest challenges that businesses face is identifying at-risk customers who are likely to churn versus happy customers who are likely to buy more. Bluenose is addressing this opportunity by providing actionable insights to businesses so they can further delight their customers with the right products and features.”

“With an impressive team and deep analytics expertise, Bluenose is the company to help businesses finally realize the power of big data for improving and retaining customer relationships,” said Matthew Howard, managing partner, NVP. “This investment reinforces our continued focus on cloud-based technologies that drive better business practices and more opportunities for growth.”

“Bluenose is in a very unique position, thanks to the support of two of the most successful and forward-thinking SaaS investors in the industry,” said Don MacLennan, founder and CEO of Bluenose Analytics. “NVP and Social+Capital have a record of working with innovators who have changed an industry landscape – which is exactly what Bluenose intends to do for customer analytics.”

With this investment, Mamoon Hamid and Matthew Howard have joined the Bluenose Analytics board of directors.

About The Social+Capital Partnership

The Social+Capital Partnership (“Social Capital”) is a partnership of philanthropists, technologists and capitalists utilizing venture capital as a force to create value and change on a global scale. The Partnership is based in Palo Alto, California and is on the web at s23p.com.

About Norwest Venture Partners

Norwest Venture Partners (NVP) is a multi-stage venture capital and growth equity investment firm that has partnered with entrepreneurs to build great businesses for more than 50 years. The firm manages over $ 3.7 billion in capital and has funded more than 500 companies since inception. Headquartered in Palo Alto, Calif., NVP has subsidiaries in Mumbai and Bengaluru, India and Herzelia, Israel. NVP makes early to late-stage venture and growth equity investments across a wide range of sectors including: technology, information services, business services, financial services, consumer products/services and healthcare. For more information, please visit http://www.nvp.com. Follow NVP on Twitter @NorwestVP

About Bluenose Analytics

Bluenose provides a customer success platform for software-as-a-service businesses to increase revenue, using predictive analytics to engage at-risk customers and identify drivers of churn. For more information, visit http://www.bluenose.com.







January 2012 monthly – Venture Capital Spurs Start-Ups in Israel

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January 2012 monthly - Venture Capital Spurs Start-Ups in Israel

Jan. 24 (Bloomberg) — Bloomberg Television’s Elliott Gotkine reports on business innovation in Israel and access to venture capital by start-ups. (Source: B…

CIT GAP Funds Invests in ADR Software

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Herndon, VA (PRWEB) December 11, 2013

The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds closed an investment in ADR Software, a technology-based company headquartered in Reston, VA that provides an innovative solution for construction general contractors and project owners to collect, document, and evaluate labor information in real-time.

CIT President and CEO Pete Jobse said, “ADR’s Workforce Monitor service fills a previously unmet need of efficiently and affordably tracking labor traffic on construction sites. Our CIT GAP Funds investment demonstrates our confidence in ADR’s innovative solution.”

ADR’s Workforce Monitor™ service captures and reports information about workforce traffic by monitoring the exits and entrances of construction sites with rapid deployment self-sufficient and cloud connected portals. ADR leverages wide area cellular networking and radio frequency identification (RFID) technologies to service the $ 440 billion construction labor industry. The service has been proven to lower labor costs, increase safety and security, support compliance documentation and provide a competitive advantage in the bidding process.

ADR President Marty Pollak said, “The investment from CIT GAP Funds will help us expand our work force and continue our business and product development. We are excited to continue the execution of our growth strategy and bring new, innovative technology solutions to the construction industry.”

CIT GAP Funds is a family of seed- and early-stage investment funds placing near-equity and equity investments in Virginia-based high-growth technology, life science and clean technology companies.

Vice President and Managing Director of the CIT GAP Funds Tom Weithman said, “Companies like ADR provide important services that encourage growth in Virginia’s innovation economy. CIT GAP Funds is proud to add ADR to our portfolio, and we are looking forward to working with management to build a great company.”

Since its 2005 launch, CIT GAP Funds has invested in over 90 companies across the Commonwealth of Virginia, deploying more than $ 10 million of public funds and attracting over $ 135 million more in private funding.

About the Center for Innovative Technology, http://www.cit.org

Since 1985, CIT, a nonprofit corporation, has been the Commonwealth’s primary driver in developing innovation-based economic development strategies and opportunities. CIT accelerates the next generation of technology and technology companies through commercialization, capital formation, market development and revenue generation services. To facilitate national innovation leadership and accelerate the rate of technology adoption, CIT creates partnerships between innovative technology startup companies and advanced technology consumers. Follow CIT on Twitter @CITorg and add the Center for Innovative Technology on LinkedIn and Facebook.

About the CIT GAP Funds, http://www.citgapfunds.org

CIT GAP Funds makes seed-stage equity investments in Virginia-based technology, clean tech and life science companies with a high potential for achieving rapid growth and generating significant economic return for entrepreneurs, co-investors and the Commonwealth of Virginia. CIT GAP Funds investments are overseen by the CIT GAP Funds Investment Advisory Board (IAB). This independent, third-party panel consists of leading regional entrepreneurs, angel and strategic investors, and venture capital firms such as: New Enterprise Associates, Grotech Ventures, Valhalla Partners, Harbert Venture Partners, HIG Ventures, Edison Ventures, In-Q-Tel, Intersouth Partners, SJF Ventures, Carilion Clinic, Johnson & Johnson, General Electric and Alpha Natural Resources.

About ADR Software, http://www.softwareadr.com

Headquartered in Reston, VA, ADR Software was founded in 2009 to employ RFID technology to automate the process of monitoring the construction workforce and produce automated daily reports (ADR) for commercial construction companies. ADR’s Workforce Monitor™ service provides a turnkey solution that general contractors and project owners use to collect, document and evaluate complex manpower information in real-time. ADR’s service has been adopted by several of the Engineering News-Report (ENR) Top 50 general contractors. The company currently operates in nine states across the country.

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Greenberg Traurig to Sponsor and Host Israeli Medical Device and Bio-Pharma Delegation

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Boston (PRWEB) December 09, 2013

The international law firm Greenberg Traurig, LLP will sponsor and host an Israeli Medical Device and Bio-Pharma Delegation on December 10, 2013 at the firm’s Boston office.

This event is part of a roadshow organized by the Israel Ministry of Industry Trade and Labor to the U.S., which will bring seven visiting Israeli medical device, bio-pharma and life science companies to meet with angel investors, venture capital and other private equity funds, as well as legal and business advisors. In Boston, the event is organized by the New England-Israel Business Council, an organization focused on increasing economic development in Israel and New England by fostering cooperation, investment opportunities and business relationships.

Greenberg Traurig patent attorney Roman Fayerberg will serve as the host and master of ceremonies. Fayerberg focuses his practice on strategic development and management of patent portfolios and counseling clients on patent issues, primarily in technologies related to medical devices, drug delivery systems, biodegradable polymers and pharmaceutical formulations.

About Greenberg Traurig’s Life Sciences & Medical Technology Group

Greenberg Traurig’s Life Sciences & Medical Technology Group advises clients ranging from start-ups to large multinational public companies to leading research institutions. The group’s attorneys work closely with clients, providing innovative legal counsel to help them achieve their objectives – from discovery through product marketing.

About Greenberg Traurig, LLP

Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 1750 attorneys serving clients from 36 offices in the United States, Latin America, Europe, the Middle East and Asia. Greenberg Traurig is among the Top 10 law firms on The National Law Journal’s 2013 NLJ 350, an annual ranking of the largest firms in the U.S. For additional information, please visit http://www.gtlaw.com.







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Private Equity Headhunters LLC Reviews Its Third Quarter Results

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Dallas, TX (PRWEB) December 09, 2013

Private Equity Headhunters LLC, a firm that is well known for its dedication to finding executives well paying jobs, recently revealed the findings of its 2013 third quarter. The results, which were unveiled in a new blog post by the company, show that its hiring activity corresponds to industry trends.

According to the blog post, Private Equity Headhunters LLC conducted 207 interviews with portfolio companies and fresh startups. About 729 presentations were sent directly to managing partners and hiring authorities from 72 private equity and venture capital groups, all of whom expressed interest in finding C-level candidates for their companies. The C-level candidates were interviewed for 67 CEO, 19 CFO, 9 CIO, 8 COO, and 96 VP/director openings.

In the third quarter, the salaries ranged from $ 175,000 to $ 500,000, and the amounts of generated revenue spanned $ 5 million to $ 450 million. There were also 111 interviews with next steps and more than 37 job offers in the negotiation phase. Private Equity Headhunters LLC added that more than 100 qualified interviews were in the last stages, an announcement that could mean over 60 job offers for senior-level candidate-clients.

“We also noticed a decrease in hiring activity in third quarter, an observation that is consistent with industry trends,” stated an article available on Private Equity Headhunters LLC’s website. “Despite an increase in new job orders in third quarter, actual hiring activity remains slow. Based on last decade’s survey data from the executive recruiting industry, Private Equity Headhunters LLC anticipates the job order fulfillment rate to increase drastically in the last quarter, especially because employers prefer to wait until last quarter to make offers.”

Private Equity Headhunters LLC plans to release the final numbers for its fourth quarter in late January 2014.

Individuals interested in learning more about Private Equity Headhunters LLC and its services can visit the company’s website for more information. Clients also can call or chat online with company representatives.

About Private Equity Headhunters LLC:

Founded in 1998, Private Equity Headhunters LLC specializes in locating jobs for executives and matches investment seekers with private equity and strategic buyers. The company utilizes its network of 2,400 recruiters and relationships with more than 1,600 PE/VC firms to achieve a job placement rate of 86 percent for national and international executives, even in a weak economy. With a 100 percent interview rate and impressive placement rate, Private Equity Headhunters has consistently ranked first in PE/VC space as a senior executive recruiting firm. For more information, visit http://www.PrivateEquityHeadhunters.com







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