Thalasar Ventures

How to explain to Big Data newbies why correlation doesn't equal causation

How to explain to Big Data newbies why correlation doesn't equal causation
With the explosion of interest in Big Data everyone in every department is looking for actionable intelligence. That's great but there's a downside: Trying to explain to, say, your VP of sales that the sales of barbecue sauce might appear to be …
Read more on Network World

Search on for the big data professionals
While analytics and big data companies were recording an annual growth of almost 40 per cent, the sector was witnessing an acute shortage of professionals, said industry experts at a one-day event organised by Nasscom here on Friday. Foreseeing the …
Read more on The Hindu

Our connected world: Big data, big profits and no privacy
In our ever more connected homes, humans are largely being taken out of the equation in a trend called home automation. Smart meters in homes can send data to utilities in order to dynamically regulate peak consumption periods, and thermostats like the …
Read more on Yahoo Finance (blog)

CRMnext Raises Capital from Norwest Venture Partners (NVP) to Accelerate Global Reach


Mumbai, Maharashtra (PRWEB) June 27, 2014

CRMnext, a leading global CRM (Customer relationship Management) product company with leadership in more than nine industry verticals, today announced a strategic investment from Norwest Venture Partners (NVP). The fresh capital will be used to accelerate the company’s global outreach and fuel investments into its research and innovation portfolio. This move is part of the company’s vision to become one of the top five players in the global CRM space across industries changing the dynamics of the global market.

“We are focused on expanding our reach in the global market and this move will accelerate it. Even though we are a very profitable business, this funding will enable us to fuel investments into our research and innovation initiatives. All this will lead to further strengthening of our position as an enterprise class innovator in the CRM space, a space that has seen consolidation resulting in commoditization and has led to lack of real customer focused innovation” said Nishant Singh, CEO, CRMnext on the sidelines of the announcement.

CRMnext runs some of the largest CRM implementations in Asia Pacifc, Africa and Middle East regions. In India today, all the top 3 private banks such as ICICI Bank, AXIS Bank and HDFC Bank use CRMnext. In fact, it has to its credit the largest banking implementation in Asia at HDFC Bank with 40,000+ users across 3,000+ branches in 1,500+ cities. With CRMnext, these organizations have implemented global best practices in customer facing departments, thereby significantly improving their business performance.

Mohan Kumar, Executive Director, NVP India said, “We are happy and excited to be partnering with CRMnext – India’s leading CRM solution provider in the BFSI space. The company has built a very strong platform – CRMnext – that helps define business strategies by making sense of big data coming from various customer touch points. Traditional CRM systems do not engage customers or make use of analytics. We believe the CRM market is evolving and next generation CRM systems will be multi-channel, more vertically focused and have a heavier emphasis on customer engagement. At NVP we have invested in a variety of verticals including retail, healthcare and education, and with CRMNext, we found a great company doing the same in the BFSI space.”

CRMnext helps manage sales, marketing and customer service across the organization, enables seamless sharing of information by centralizing all customer data and processes. Other customers include thought leaders across various verticals like Pfizer, Max Life Insurance, TATA AIA, Reliance, CRISIL (S&P Co.), Fullerton Financials, Bajaj, IIFL etc.

CRMnext is the only product with a Commutable cloud TM platform, offering an extremely comprehensive private cloud solution. The platform brings flexibility, agility and automatic upgrades to the complex enterprise environments which incumbents have failed to serve. The company has been bestowed with some of the most prestigious awards such as, “Most Promising Product Company” at CIO Review Asia 2014 &“Best CRM Technology Provider of Asia 2013” by World Finance. CRMnext is the flagship product of Acidaes Solutions Pvt. Ltd. which is a specialist customer relationship management product company, providing services to customers in the global market. In this transaction, Mumbai based boutique investment bank Zanskar Advisors was the exclusive financial advisor to Acidaes Solutions Pvt. Ltd.

About Norwest Venture Partners (NVP)

Norwest Venture Partners (NVP) is a global, multi-stage venture and growth equity investment firm that has partnered with entrepreneurs to build great businesses for more than 50 years. The firm manages approximately $ 5 billion in capital and has funded more than 550 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 visit: http://www.nvp.com.

About CRMnext

CRMnext is a leading global CRM solution. CRMnext has practice leadership in more than nine industry verticals where it works with companies to help them make most of their relationships with customers. Key vertical editions include Banking, Financial Services, Insurance, Media, Pharmaceutical, Telecom, Entertainment, Energy, Manufacturing etc. CRMnext works closely with its customers, leveraging its extensive domain expertise to enhance their business efficiency by improving processes and practices. This combination of competency and commitment to results is the key to CRMnext’s success in the global market.

Acidaes Solutions

Founded in 2002, Acidaes Solutions is a specialist customer relationship management product company, providing services to customers in the global market. CRMnext is the flagship product, available on a commutable cloud model through a single code-base which provides companies with flexibility for their ownership model. The CRMnext team has a proven track record of delivering high impact CRM solutions with strong offerings in 09 verticals including Banking, Insurance, Financial Services, Pharma, Media, Telecom, Automobile, etc. It works very closely with its customers, leveraging its extensive domain expertise to enhance their business efficiency by improving processes and practices. This combination of competency and commitment to results are the key to its success in the global market. Today, CRMnext has to its credit thought leaders across verticals as its customers.







Latest Big Data News

Big Data Is Changing the Game for Recruiters
… Social Media Resumes To Learn From. It is a future driven by big data — a powerful analytical approach that is simultaneously changing the way recruitment happens and re-emphasizing that it is the recruiter, not the talent, who is at the core of …
Read more on Mashable

Indiana Ag Law Group Offers Big Data Seminar
A seminar on big data will be presented by the Indiana Agricultural Law Foundation on August 15. The seminar will cover big data's growing importance in agriculture and its associated challenges and legal effects. “Farmers have to balance the risk of …
Read more on Hoosier Ag Today

Big Blue Adds New Big Data Service to IBM Cloud Marketplace
IBM announced the availability of a new big data service on the IBM Cloud marketplace, aimed at making enterprise content more interactive, usable and secure. The new service makes enterprise content available on any browser, desktop and mobile device …
Read more on eWeek (blog)

Big Brother? Chicago to measure pedestrians' movements

Big Brother? Chicago to measure pedestrians' movements
By year's end, Chicago could have as many as 50 sensors attached to downtown light poles collecting data on everything from the humidity to air quality to the noise level. The project, called "Array of Things," has the potential for far-reaching …
Read more on USA TODAY

Is a second machine age on the way, driven by big data?
To the present: Thanks partly to big data technologies, we could be on the verge of a second machine age, with exponential change on par with the first machine age — but it could also turn out to be an illusion. Few technologies fall utterly flat, but …
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Big data analytics startup Coherent Path raises .25M led by Sigma Prime
Using a patented, cloud-based technology that incorporates math and tech, the startup can leverage big data and predictive analytics to help retailers deliver personalized offers and promotions to each individual customer through different channels …
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The Big data initiative shines in surprising places

The Big data initiative shines in surprising places
The Obama administration probably didn't envision local hunting, fishing and boating commissions as examples of how the government can harness big data. Neither did Waldo Jaquith, director of the U.S. Open Data Institute, when the president asked the …
Read more on FedScoop

2 Deals Focus on Big Data and Youth
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Read more on New York Times

Because Big Data Is Hot — ThoughtSpot Raises M From Khosla
There is one sure fire way to raise a truckload of money from Venture Capitalists – deliver a compelling story that promises something related to big data. And this isn't just hype fuelled funding – the promise that big data solutions hold to deliver …
Read more on Forbes

GTB Technologies Announces a Huge Increase of Enterprises Switching UP to GTB’s Advanced Data Protection & DLP Solutions


Newport Beach, CA (PRWEB) June 24, 2014

GTB Technologies, the leader in advanced data protection / cyber security solutions for Global Enterprises and cloud users announced that there has been a huge increase of Enterprise, Government and Defense organizations switching UP to GTB’s Advanced Data Protection / Data Loss Prevention solutions.

Receiving comments such as:

“Our DLP from Market Leader A doesn’t work. Too many false positives we can’t even inspect email”
“I’m looking to change our “market leader DLP B” after 6 years, I’ve had it”
“Market Leader C is too complicated and difficult, I need to work on it full-time”
“We have a discovery solution by D in place now, but we are not happy with the performance, results and management”
its’ become apparent that these accounts have seen the pitfalls and unfulfilled promises of those “market leading” solutions and have decided to switch UP to GTB’s Advanced Data Protection Solutions.

With the growth of collaborative working environments, BYOD, BYOC, Cloud services, Big Data and socialization of the enterprise, GTB customers see the benefits and differentiators of GTB’s data protection solutions (Network, Endpoint, Discovery, Classification & Cloud DLP).

“Spanning across the globe, from North America, Latin America, Europe, Eastern Europe to Asia and the Middle East; many of our visionary customers have collaborative work environments and see how GTB’s Advanced Data Protection solutions permit the flowing of ideas and collaboration through the cloud and social media; with the comfort that their sensitive, confidential data remains just that… confidential”.    says Daniel Jay, GTB’s Channel Manager.

Named a Gartner Visionary for the past 3 years; GTB Technologies is the only Data Protection solution (either via the network, endpoint, discovery, classification or cloud) which can prevent the loss of data from Malware, Frenemies and trusted insiders by blocking sensitive data (structured or unstructured) regardless of file type, language, port or channel, in real-time with impeccable accuracy thus providing true cyber security and insider threat defense whether it be on premise, off premise, in the cloud or as a managed service.

GTB’s Advanced Data Protection solution discovers, classifies, encrypts, monitors, protects and manages sensitive data anywhere it’s stored or used – across network, endpoints, mobile devices, files shares and repositories. Immediately & easily integrate actions to protect against threats (external and multi-vector such as malware, trusted users) or employee error & mistakes with:

Automatic setup of data ex-filtration blocking controls to prevent the compromising of sensitive data
ID infected machines and bring into action containment controls
Real-time Data Classification
Speed up forensic investigations
Prevent Data Residency Law Mistakes

GTB Advanced Data Protection Suite & ClouDLP for the Cloud

All Ports, All Protocols – unlike others, ours is a true context, content aware reverse firewall solution, offering complete network / SSL Visibility (both on premise & off premise) even without a proxy.

File Shares, Databases, Repositories, Big Data, Exchange & Outlook

Mobile Devices

Laptops & Desktops

SDK for OEMs, MSPs, Service & Cloud Providers – whether it be messaging gateway services, web monitoring, cloud services, mobile devices, email encryption, data eDiscovery for EIS, file backup service, document management services, etc.; OEMs can now use GTB’s SDK, without the use or expense of 3rd party file cracking tools.

About GTB Technologies Inc.:

With offices worldwide, Gartner Visionary, GTB Technologies Inc. has re-invented the enterprise extrusion / data loss (leak) prevention marketplace; bringing a broad set of influential innovations such as solving the known market limitation of false positives & BYOC (“Bring your own Cloud”) problem. GTB customers’ include enterprises across the Global 2000 in sectors such as financial services, healthcare, defense contractors, power and energy, telecommunications, retail, and high-tech, as well as government agencies around the world in defense, homeland security, law enforcement, and intelligence.

Enterprises with Data Loss Prevention initiatives whom have an interest in evaluating the GTB Data Protection suite can sign up for a free 30 day evaluation at DLP Test Drive

The “Goof Proof Guide to Data Loss Prevention”, “Returning the ‘P’ back into DLP”, “Reverse Content-Aware Firewall”, “AccuMatch”, and “GTB Inspector”, “Inspector Cloud, “Taking the ‘P’ into the Stratosphere”, “ClouDLP”, “Got Malware? Now What?” “It’s 10 PM, do you know where your Salesforce Data is?” and “Data Loss Prevention that actually works” are trademarks, service marks or registered trademarks / service marks of GTB Technologies, Inc., in the United States and/or in other countries. All other brands , products, or service names are or may be trademarks or service marks of, and are used to identify products or services and are the property, of their respective owners and no affiliation with or endorsement, sponsorship or support is implied







More Big Data Healthcare Press Releases

DataDirect Networks Achieves 188 Percent Sequential Growth in Key Enterprise

DataDirect Networks Achieves 188 Percent Sequential Growth in Key Enterprise
HPC bookings in 1Q14 outpaced other markets as more commercial organizations with Big Data initiatives turn to DDN storage for its outstanding performance, scalability and efficiency. DDN also continues to deliver on key enterprise requirements …
Read more on MarketWatch

Researchers Use Big Data to Get Around Encryption
Companies are racing to encrypt their data to block hackers and government spies. But researchers have found that data mining techniques can get around one widely used version of the technology. Researchers from the University of California at Berkeley …
Read more on Wall Street Journal (blog)

Teradata teams with MongoDB for big data analytics
Teradata and open source NoSQL vendor MongoDB announced a partnership Thursday that integrates their systems for use in big data analytics. The companies have jointly engineered a bi-directional connector based on JavaScript Object Notation (JSON), …
Read more on ZDNet

Vormetric, MongoDB Form Database Security Partnership; Tina Stewart Comments

Vormetric, MongoDB Form Database Security Partnership; Tina Stewart Comments
The Vormetric encryption suite works to manage sensitive data at rest within MongoDB-powered big data implementations as well as secure files at the operating system and database level, Vormetric said Tuesday. Tina Stewart, Vormetric vice president of …
Read more on ExecutiveBiz (blog)

Teradata allies with MongoDB to empower Big Data strategies
Teradata (NYSE: TDC) said it has announced an alliance with MongoDB, Inc., to integrate their systems by building a high-speed, bi-directional connector based on JavaScript Object Notation. Use of the new connector will empower users to incorporate …
Read more on FinancialNews.co.uk

Can Big Data Increase the Number of Female and Minority Tech Workers?

Can Big Data Increase the Number of Female and Minority Tech Workers?
Say you're a recruiter at a tech company in Silicon Valley, Boston, or New York City, and you need to hire a new engineer quickly. You don't want to hire another white dude (your company employs so many of them already!). Yet all of the potential …
Read more on Pandagon

Big Data Comes to the Office
“Social Physics,” the new book by Alex Pentland, a prominent computer scientist at M.I.T., purports to be about Big Data—the super-hyped (some say over-hyped) detection of statistical patterns in vast data sets. Pentland is a Big Data kind of guy. He …
Read more on New Yorker (blog)

Hegarty, Droga Pile On Native, Call Big Data 'Bullshit'
CANNES, FRANCE — The backlash against native advertising formats continued Friday during the Lions Festival here, as one of the ad industry's luminaries — BBH Founder Sir John Hegarty — railed against the dishonesty and lack of transparency …
Read more on MediaPost Communications

Latest Big Data News

5 Big Data Vendors To Watch
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Read more on CruxialCIO

Big Data Can Provide Opportunities For Health Insurers To Improve Costs
Unlike sectors such as retail, finance and telecommunications, the health care industry was much slower to adopt the use of big data to drive greater cost efficiencies and transparencies within the system. One of the key barriers to innovation has been …
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Using Big Data to Make Better Pricing Decisions
Without uncovering and acting on the opportunities big data presents, many companies are leaving millions of dollars of profit on the table. The secret to increasing profit margins is to harness big data to find the best price at the product — not …
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