"BrightContext’s Platform as a Service (PaaS) is on the forefront of delivering real time data processing. It’s this combination of great ideas and seasoned entrepreneurs that will drive the new market economy." Matt Brady, Piedmont's Managing Director
Leesburg, Va (PRWEB) January 08, 2013
Piedmont RIA (http://www.piedmontRIA.com), through its affiliate Militello Capital, is pleased to announce it made a venture capital investment in BrightContext.
BrightContext provides real-time data stream processing through an ultra-scalable, cloud-based platform. Their platform allows users to filter and perform calculations on streams of data in-flight, and power real-time data communication in apps. By delivering these capabilities on-demand and through an easy-to use API and SDKs, BrightContext will unleash innovation in mobile apps, social TV, real-time business metrics, and multi-player games.
BrightContext is led by two very experienced execs, John Funge and Leo Scott. This is the third go around for John and Leo. They led their previous two companies to successful acquisition by publicly traded companies: Clara Vista, acquired by CMGI in 1999, and Incando acquired by Scripps Networks in 2007.
Their most recent company, Incando, sold a white label SaaS platform to media properties for managing large-scale user-generated uploads of videos and photos.
Matt Brady, Piedmont’s Managing Director, states, “BrightContext’s Platform as a Service (PaaS) is on the forefront of delivering real time data processing. It’s this combination of great ideas and seasoned entrepreneurs that will drive the new market economy.”
BrightContext CEO, John Funge, adds “Piedmont has been great to work with and shares our vision that live interactivity and real-time insight into data will define the next chapter of mobile and the Internet. We’re excited to have them as an investor.”
Piedmont RIA, also known as Piedmont Investment Advisors, LLC, located in Lansdowne (Leesburg) Virginia, is a registered investment adviser under the Investment Advisers Act of 1940. When Bill Militello, a graduate of the U.S. Naval Academy, founded Piedmont Investment Advisors in 2003, he set out to create not just another financial advisor or boutique investment firm, but rather to create a new “category” in financial services.
His view is that the delivery of investment advice by financial advisors was ripe for innovation, and it has been Militello’s vision to challenge the conventional model. He believes that asset allocation should not be constrained to just the public financial markets. To execute this philosophy, Piedmont Investment Advisors has developed a revolutionary investment model that is composed of three interdependent concepts: Liquidity, Wealth Creation, and Wealth Preservation.
Visit http://www.piedmontRIA.com/ to learn more
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