Big Data Partnership, the leading big data services company today announced the completion of a £1.25 million round of Series A investment from , an international growth capital firm that manages the ProVen Venture Capital Trusts.
Big Data Partnership provides vendor-agnostic big data consulting, training and support for diverse industries including web, financial services, telecoms, utilities, defence and media. Its extensive client list boasts several leading Fortune 500 companies.
Trevor Hope, Chief Investment Officer, Beringea LLP, manager of the ProVen VCTs, commented: “’Big Data’ is a widely used term; although most organisations appreciate its potential promise they still face adoption and deployment challenges. Demand for big data skills continues to outstrip supply and Big Data Partnership is one of the few companies addressing this gap and offering a legitimate way to push industry forward.�?
Trevor Hope will join Big Data Partnership’s board.
Big Data Partnership’s team of industry experts, including data scientists, engineers and business strategy specialists, provides scalable and reliable solutions to capture, store and analyse big data to solve problems, identify new revenue streams and develop customised solutions that meet specific customer requirements.
“The explosion of interest in big data and machine learning is transforming the workplace, as businesses increasingly seek new ways to capitalise on their fast-growing datasets,�? said Mike Merritt-Holmes, co-founder and CEO of Big Data Partnership. “We are overcoming the incumbent challenges by helping enterprises navigate the rapidly evolving technology landscape of modern data platforms such as NoSQL, Hadoop and search technologies.�?
The funding will be used to accelerate the growth of the core team including engineering, data science, sales and marketing, to meet increasing demand from enterprise customers.
Big Data Partnership is vendor-agnostic and partners with many of the world’s leading big data technology providers including Hortonworks, MapR Technologies, DataStax, Elasticsearch, IBM and Microsoft’s HDInsight. For a full list of Big Data Partnership’s partners please visit: www.bigdatapartnership.com/partners/
About Big Data Partnership
Founded in 2012 by Mike Merritt-Holmes, Pinal Gandhi and Tim Seears, Big Data Partnership is EMEA’s leading big data specialist solution provider. Offering data science, big data engineering and certified training & support, Big Data Partnership helps customers unlock the value in complex data. Big Data Partnership’s team has deep expertise and experience in key big data technologies including the Apache Hadoop ecosystem, Apache Cassandra, Apache Spark and other NoSQL & search technologies. For more information, visit www.bigdatapartnership.com.
About Beringea
is an international venture capital firm with offices in London and Detroit. In the UK Beringea manages ProVen VCT, ProVen Growth & Income VCT and ProVen Planned Exit VCT. Beringea launched its first VCT in 1996, making it one of the most experienced VCT managers in the UK. ProVen Growth & Income and ProVen VCT are highest performing VCTs of their launch years, respectively, according to . For more information please visit .
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Notes to Editors
Recent IDC forecasts shows that the big data technology and services market will grow at a 27% compound annual growth rate (CAGR) to $32.4 billion through 2017 – or at about six times the growth rate of the overall information and communication technology (ICT) market: (Source: IDC – )
The Big Data market as measured by vendor revenue derived from sales of related hardware, software and services reached $18.6 billion in calendar year 2013. That represents a growth rate of 58% over the previous year.
Broken down by type, Big Data-related services revenue made up 40% of the total market, followed by hardware at 38% and software at 22%. Such a breakdown is due in part to the open source nature of much Big Data software and related business models of Big Data vendors, as well as the need for professional services to help enterprises identify Big Data uses cases, architect solutions and maintain performance. (Source: WIKIBON – )
The Global big data market is estimated to be $14.87 billion in 2013 and expected to grow to $46.34 billion. This represents an estimated Compounded Annual Growth Rate (CAGR) of 25.52% from 2013 to 2018. In the current scenario, the services segment continues to be the largest segment, in terms of consulting and integration & deployment services. The software segment is expected to grow at an estimated Compounded Annual Growth Rate (CAGR) of 28.7%. In terms of Regions, North America is expected to be the biggest market on the basis of revenue and adoption of big data technology & solutions. Markets & Markets further expects that the increasing big data market in the developing economies will further enhance the growth of overall market. (Source: Markets & Markets – )
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