Saama secures $35 million in Series A funding from Carrick Capital Partners

Saama Technologies, a leading Big Data solutions and services company has announced $35 million in funding from Carrick Capital Partners, an investment firm focused on technology-enabled service-based businesses.

The funds will be used to satisfy market demand from Global 2000 companies for deployment of industry specific analytics solutions that deliver material business outcomes.

“The critical business problem companies need to solve in deploying analytics is not about technology platforms, it’s about designing a complete analytics value chain that can deliver concept-to-action-to- value within an effective performance period. Delivering to this need has powered our growth to date,” says Suresh Katta, CEO, Saama Technologies . “With this funding and support from Carrick we will expand our Ready Analytics solutions and increase our Big Data leadership to drive competitive advantage for our customers.”

Through the combination of Fluid Analytics EngineTM, packaged Ready Analytics solutions, services and strategic partnerships, Saama delivers customers the ability to quickly uncover and operationalize strategic data assets and deploy pre-integrated analytics solutions across their operations. Leveraging Saama’s technology, data science expertise, bench-strength and deep industry domain experience, customers stay focused on their core business while driving the monetization of data as a strategic asset.

“There is not one technology that will guarantee Big Data success. By having a solutions-based approach, Saama is able to create instant value for each customer with a value engineering approach,” says Ken Coleman, Saama Board Chairman. “With the Fluid Analytics Engine, Saama provides the ultimate flexibility of analytics consumption in fast changing business environments, based on each unique customer situation and analytics maturity.”

“At Carrick we believe that effective analytics requires both software and services capabilities and that the most successful companies will have a great combined offering. Saama exemplifies this hybrid delivery that we see as critical to the fast moving Big Data solutions space,” said Marc McMorris, Co-founder and Managing Director of Carrick Capital Partners. “We have been following Saama for numerous years and have a close, long-term working relationship with Chairman Ken Coleman. We are pleased to have this opportunity to be engaged with the company and are confident that Carrick’s experience will add considerable value.”

Marc McMorris, Carrick Capital Partners Co-founder and Managing Director, will join Saama’s Board of Directors.