360° Coverage : Tidemark Raises $32M To Drag Analytics Into The Modern Age And...

2 Updates

Tidemark Raises $32M To Drag Analytics Into The Modern Age And Reinvents Board Books

Apr 29 2014, 7:17am CDT | by

In a world awash with vendors talking about data analysis, there is something of a polarization going on between vendors. On the one hand you have big expensive analytics solutions from traditional...

Filed under: news

 
 
 

24 weeks ago

Tidemark Raises $32M To Drag Analytics Into The Modern Age And Reinvents Board Books

Apr 29 2014, 7:17am CDT | by

In a world awash with vendors talking about data analysis, there is something of a polarization going on between vendors. On the one hand you have big expensive analytics solutions from traditional vendors. These solutions tend to revolve around building data warehouses and combine the data-loading aspects of analysis alongside the query, computation and presentation layer.

Related to these traditional approaches we have vendors that aim to offload some of the heavy lifting involved in analytics. Amazon Web Services has two solutions at this lower level, Kinesis is its data ingestion offering while RedShift is its data warehousing solution. Moving these lower parts of the analysis stack to the cloud makes perfect sense – why store and crunch data in traditional infrastructures when commodity cloud vendors can do it for you?

This is the modus operandi of Tidemark, the business planning and analytics vendor that is today rolling out a new flavor of its software, and concurrently announcing  a $32M funding round and a global expansion.

In terms of the expansion and funding news, Tidemark is reporting 300% revenue growth (though no actual dollar values) in fiscal year 2014. To continue to fuel the momentum, and in keeping with the theme of investing early for a high growth opportunity, Tidemark has secured a round of funding from SVB Capital and existing investors Greylock Partners, Andreessen Horowitz, Redpoint Ventures, and Tenaya Capital. Alongside previous rounds, this investment brings Tidemark’s total funding to $80 million.

Existing reference customers include Netflix, Chiquita, Hostess Brands, Chuck E. Cheese’s, HubSpot, ServiceSource and Brown University.

Perhaps more interestingly, at least from a product perspective, is the news that Tidemark is introducing a new notion around analytics with the release of Tidemark Playbooks. Tidemark playbooks aims to close the loop on financial planning. The way things work in a traditional model is that analysts might do some modelling in excel, and then export charts and tables into a PowerPoint presentation to go to the board of directors. Obviously this is a very open loop and goes against the “real time” and “collaborative” themes around today.

With playbooks, analysts can model information within the Tidemark application and then publish the relevant parts of those models or charts into a “Playbook” – essentially a modern take on a PowerPoint deck. These playbooks are accessible on any device, and can be viewed by anyone, not just those who create the Playbook. As such this Playbooks functionality is a tool that should see some use  within upstream reporting and planning scenarios, and potentially moves Tidemark into the territory of those companies looking to disrupt the board papers space – Diligent Board Books being one such vendor.

Alongside Playbooks, Tidemark is introducing a new integration with application monitoring vendor New Relic. The theory goes that application performance increasingly has an important impact on core performance metrics and hence this integration is valuable. I’m not so convinced about this part of the strategy – while undoubtedly technology is a critical factor to organizational performance, I suspect it’ll be a long time before your run of the mile enterprise board of directors looks to analyze application performance in the context of financial performance.

All in all, Tidemark is an interesting play – its customers think so and its investors undoubtedly do to. The Playbooks functionality in particular is an interesting direction and I look forward to seeing what uptake it has within non-technology industries.

 
Update
2

7 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashing the workforce of 20,000 by 30 per cent ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

7 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedie ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Japanese firm eyes algae-based shampoo
Tokyo, Oct 19 (IANS) Japanese household goods maker Kao Corp. may soon be using algae to produce cleansing agents for its products, specifically shampoo, media reported Sunday.
 
 
iPhone app to ensure eye health
Washington, Oct 19 (IANS) Researchers have successfully used an iPhone app for imaging the inside of the eye of immobile and paediatric patients.
 
 
How the birth season can trigger mood disorders
London, Oct 19 (IANS) The risk of developing mood disorders is impacted by the season in which you are born in, a research showed.
 
 
Reheat your pasta to avoid fat
London, Oct 19 (IANS) Love pasta but hate to add those extra kilos around your waist? Cool it down and reheat it again.
 
 
 

Latest from the Network

Bush shoe-tossing painting hits record at Doha auction
Doha, Oct 15 (IANS/EFE) A controversial painting by Iranian artist Mahmud Obaidi, depicting an Iraqi journalist throwing shoe in 2008 at then US president George W. Bush, was sold for $62,500 at a Sotheby's auction in...
Read more on Celebrity Balla
 
US offers $45 mn bounty for eight terror leaders
Washington, Oct 15 (IANS) The US said Tuesday it is offering rewards totalling up to 45 million dollars for information on eight key leaders of the Al Qaeda in the Arabian Peninsula (AQAP) terrorist organisation. The...
Read more on Politics Balla
 
UNSC extends peacekeeping mission's term in Abyei
United Nations, Oct 15 (IANS) The UN Security Council (UNSC) has renewed the mandate of the UN peacekeeping mission in the Abyei border region between Sudan and South Sudan. In an unanimously adopted resolution, the...
Read more on Politics Balla
 
Ebola cases in West Africa could reach 10,000 per week: WHO
Geneva, Oct 15 (IANS) The World Health Organisation (WHO) has warned that the Ebola epidemic in West Africa could reach 5,000 to 10,000 cases per week by the first week of December. "Quite frankly, ladies and...
Read more on Business Balla
 
Turkey, Singapore sign strategic partnership agreement
Ankara, Oct 15 (IANS) Turkey and Singapore have signed a strategic partnership agreement to boost economic, political and cultural cooperation, as well as security collaboration, during the official visit of...
Read more on Politics Balla
 
Christina Aguilera is returning to 'The Voice' USA
Christina Aguilera will return to 'The Voice' USA next year. The 'Your Body' hitmaker, who previously shared a rotating spot on the judging panel with Shakira, has been replaced by Gwen Stefani this season as she is...
Read more on Celebrity Balla
 
Kesha's music producer hits back
Kesha is being countersued by her record company boss, Dr. Luke. The 41-year-old music producer, who runs Kemosabe Records, claims the 27-year-old 'Tik Tok' singer is a liar and is trying to extort him after she accused...
Read more on Celebrity Balla
 
Jason Derulo won't get back together with Jordin Sparks
Jason Derulo insists his split from Jordin Sparks is permanent. The 'Talk Dirty' hitmaker, who recently ended his relationship with the 'No Air' singer after three years of dating, has ruled out getting back together...
Read more on Celebrity Balla
 
Josh Groban feels 'very lucky' to be dating Kat Dennings
Josh Groban feels ''very lucky'' to be dating Kat Dennings. The 'Brave' hitmaker was very nervous before singing in front of the '2 Broke Girls' actress for the first time at the Carousel of Hope Ball in Beverly Hills,...
Read more on Celebrity Balla
 
Australian Richard Flanagan wins 2014 Man Booker prize
London, Oct 15 (IANS) The first Man Booker prize to allow American nominees was Tuesday night won by an Australian, with Richard Flanagan triumphing for a novel of love and war that tells the harrowing stories of...
Read more on Celebrity Balla