|By Business Wire||
|May 7, 2014 07:05 AM EDT||
Paxata, the Adaptive Data Preparation™ platform that rapidly connects, explores, transforms and combines data, today announced that it had been selected as a finalist for Red Herring's Top 100 North America award, a prestigious list honoring the year’s most promising private technology ventures from the North American business region. Red Herring has been selecting the most exciting and promising start-ups and "scale ups" since 1995. Finalists are still evaluated individually from a large pool of hundreds of candidates based across North America.
“We are delighted to be recognized by Red Herring as a company that is delivering more than just buzz around the emerging data preparation category,” said Prakash Nanduri, co-founder and CEO of Paxata. “We launched Paxata in October 2013 to set the standard for what business analysts and IT expect from a next generation platform for data integration, data quality, enrichment, governance and collaboration. Attracting a growing roster of imitators, Paxata continues to deliver innovative data preparation solutions, filling a massive gap left in this market by legacy data management players.”
Twenty major criteria underlie the scoring and process. They include, among others: the candidate company's addressable market size, its IP and patents, its financing, the proof of concept, trailing revenues and management's expertise. Each company goes through an individual interview after filling out a thorough submission, complemented by a due diligence. The list of finalists often includes the best performing and prominent companies of that year.
This unique assessment of potential is complemented by a review of the company’s actual track record and standing, which allows Red Herring to see past the “buzz” and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry.
2014 will be remembered as a special vintage. "The finalists list confirms the excellent choices made by entrepreneurs and VCs and the start-ups' solid roots in corporate America, embracing their innovations. By all metrics, it emphasizes the United States’ entrepreneurial excellence," said Alex Vieux, publisher and CEO of Red Herring.
Finalist selections for the 2014 edition of the Red Herring 100 North America award are based upon technological innovation, management strength, market size, investor record, customer acquisition and financial health. During the several months leading up to the announcement, hundreds of companies in the fields of security, Web 2.0, software, hardware, life sciences, cloud, mobile and others completed their submissions to qualify for the award.
Finalists are asked to present their winning strategies at the Red Herring North America Forum in Monterey, Calif., May 14 to 16, 2014. The Top 100 winners will be announced at a special awards ceremony the evening of May 16 at the event.
Paxata’s inclusion in the Red Herring Top 100 North America follows a number of recent accomplishments for the company, including its recognition as Best Business Intelligence Startup by the GigaOm Structure Data Conference, as well as being named one of the Bay Area’s Best Places to Work by the San Francisco Business Times. For a list of presenting companies, visit http://www.redherring.com/events/rhna/2014presenting_companies and follow the Red Herring conference at https://twitter.com/digitalherring hashtag #RedHerring100.
For a demo or PaxFormation: call 1-855-972-9282 or visit http://www.paxata.com.
Pax Personal annual licenses are $3500 per analyst – under $300 a month. For additional pricing details, visit: http://www.paxata.com/pricing.
Paxata is the first Adaptive Data Preparation™ platform built for the business analyst. Now everyone has the ability to rapidly turn all raw data into ready data for analytics—in minutes, not months—accelerating the time to right insights and action.
Our customers, Pax Pros, now have the freedom to prepare data on their own or work with peers in a shared, transparent environment as they shape data for analytics. Paxata’s seamless connection with BI tools like Tableau, Qlik and Excel gives business people total flexibility to use the visualization and discovery solutions they prefer to use. Paxata is a cloud-based, self-service solution powered by breakthrough technologies including semantic algorithms, distributed computing techniques and a highly interactive visual experience.
Paxata dramatically reduces the most painful and manual steps of any analytic exercise, empowering analysts at market-leading companies like Dannon, Box and UBS to drive greater value for the business. In partnership with Cloudera, Tableau and Qlik, Paxata unlocks even greater potential from Big Data and Business Intelligence investments. Founded in January 2012, Paxata is headquartered in Redwood City, California. Visit http://www.paxata.com, follow @Paxata_News, connect on linkedin.com/company/paxata, follow us at http://www.facebook.com/paxata and watch us on http://www.Youtube.com/PaxataTV.
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