Bangalore, India (PRWEB) April 25, 2012
Pingar, a leading provider of unstructured data management solutions, today announced that Sir Richard Hadlee, Daniel Vettori and Scott Styris have invested in the New Zealand company.
The cricketing greats, known for outstanding strategy on the field, have joined with existing investors to help finance and foster Pingar’s push to help Indian enterprises improve performance by providing a means to access information stored in unstructured data, files which cannot be easily searched or analysed.
Peter Wren-Hilton, Pingar CEO, says the investment comes at a time when Pingar is opening a new office in Bangalore, India and rapidly expanding its presence in the region. The new office officially opens today, with a ribbon cutting ceremony in the presence of both Daniel Vettori and Scott Styris and senior executives from major Indian IT companies.
“This investment by these great cricketers, known for their shrewd strategy and performance, shows the clear opportunity to meet the simple business need of turning unstructured data into accessible business intelligence,” Mr. Wren-Hilton continues.
Sir Richard Hadlee, who joined Pingar at a major presentation in Bangalore on 10 February, is known as one of the legendary fast bowlers and all-rounders in cricketing history. He says “I have always been keen on competition—and the prospect of analysing statistics and other historical information to improve your game is exciting. Pingar offers this opportunity to boost performance in a business setting”.
In addition to the cricketers’ investments in Pingar, they will be aiding the company to develop new business opportunities, particularly in India. The company is currently expanding its Indian operations to include business development and technical sales-engineering teams to better support Indian IT company partners develop new opportunities both in-market and offshore.
Separately, Pingar today announced The Pingar Champions League, a contest for Indian technology developers to submit ideas for applications that address big data challenges
“This is not an occasion where we are making an arm’s length investment,” said Chennai Super Kings’ veteran all-rounder Scott Styris. “As a group and individually we are looking forward to helping enterprises understand the potential Pingar has to unlock their business intelligence.”
Pingar’s growth in India is echoed across its Asian, Australasian, European and North American business units with recent and continued strategic hiring. In the past year, the company has made key appointments in research, business development, marketing and product development. Key partnerships have also been created, including an agreement with India-based CMC Limited.
Pingar is one of several New Zealand ICT companies with recent Indian partnerships gaining attention for their innovative, scalable solutions.
Current Royal Challengers Bangalore captain Daniel Vettori concluded by saying he was pleased to join his fellow cricketers in supporting Pingar’s efforts. “As anyone who follows cricket knows, it’s the strength of the team that indicates how competitive the group will be. Pingar’s impressive investment in research, and the quality of its technology and business development teams, makes me confident of our success,” Mr. Vettori says.
Pingar’s mission is to transform unstructured data in the enterprise into business intelligence by developing technology that harnesses the power of text mining, natural language processing and machine learning. This mission came from years of groundbreaking research at some of the most respected universities in these fields. Pingar is headquartered in New Zealand with offices in Hong Kong, India, the United Kingdom and the United States. For more information please see http://www.pingar.com
For more information about New Zealand businesses in India, please visit http://www.newzealand.com/business