Fairfax, VA (PRWEB) October 31, 2012
DataRPM, provider of industry's first agile plug and play analytics platform for the ISV through a cloud-optimized platform announces an angel investment by Haresh Bhungalia, a serial entrepreneur, who will also join the DataRPM Board of Directors matching his entrepreneurial drive and passion with the vision and culture of DataRPM.
Bhungalia, founder of 2020 Company, LLC, played key roles in applying his pragmatic management style to build a successful growth focused enterprise. He built the company without outside investment into 650 individual organization before negotiating its merger with Acentia, LLC, a Snow Phipps Group portfolio company in March 2012. As a tech investor Bhungalia has made early stage investments in @Legal Discovery, LLC, Brandify, BetterWeekdays, Violin Memory, Ferrate Treatment Technologies, and HUMIN., He served as an advisor to DataRPM since its start in January, as the company progressed from alpha to beta to market-ready in last 10 months.
“We are in focused growth mode from customer acquisition to employees, this investment will allow us to continue to fuel our R&D efforts and scale our Channel Partner program” said Sundeep Sanghavi, Co-founder and CEO of DataRPM. “Haresh will add tremendous value as he brings hands on insights of building a hyper growth company and seeing it to a successful exit.”
The company came out of the stealth mode in June of this year and won the Tech Cocktail Hottest Showcasing Startup in DC in August and has significantly increased its client base and its reach into the market month over month.
“This is a company comprised of proven entrepreneurs and technologist with a record of success; what excites me the most is DataRPM’s disruptive BI & Analytics platform,” said Bhungalia. “I look forward to working with the DataRPM team in executing a go-to market strategy focused on Independent Software Vendors, SaaS and IaaS providers, as well as Service Integrators, who are in need of a simple, flexible, and an affordable BI & Analytics solution.”
DataRPM delivers a new self-service analytics experience in a cloud-optimized platform through a disruptive solution called “Instant Analytics.” Instant Analytics is the industry's only self-service plug-and-play solution that can go live in less than 30 days for volume, variety, and velocity of structured and unstructured data. It is a comprehensive solution that delivers significant value for independent software vendors of any size. DataRPM ’s Instant Analytics technology enables a customer to mash-up and slice and dice data from any source, build ad hoc reports and dynamic dashboards, and collaborate among stakeholders to make informed decisions. DataRPM is founded by serial entrepreneurs and technologists and possesses a superb customer adoption rate. It won the Hottest Startup Showcasing in DC from Tech.Co in August 2012. For more information, visit DataRPM.com