10 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

 
 
 

12 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
10

6 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

Cambodia's Famous Battambang Circus
KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewa ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

6 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

Newcastle United Training Session
KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was brok ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

6 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

Federal Aviation Administration Bans All US Flights To Israel
KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected by the Dewan R ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

6 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri Hishammudd ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

6 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

INDIA-CHINA-DIPLOMACY-TRADE
PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the southern states last mont ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

6 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

Government Weekly Cabinet Meeting
KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 million in compensation ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

6 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister D ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

6 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

Iskandar Johor Open - Previews
JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year invo ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

7 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

EurAsia Cup presented by DRB-HICOM - Day One
PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Ba ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

7 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Damansara Skyway (Kidex) today ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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

47 killed in Taiwan as plane makes botched landing (Roundup)
Taipei, July 23 (IANS) Forty-seven people on board a Taiwanese TransAsia Airways plane were killed in a failed emergency landing in the island county of Penghu Wednesday, Taiwan's transportation authority has confirmed.
 
 
47 killed in Taiwan plane's botched landing
Taipei, July 23 (IANS) Forty-seven people on board a Taiwanese TransAsia Airways plane were killed in a failed emergency landing in the island county of Penghu Wednesday, Taiwan's transportation authority has confirmed.
 
 
51 killed in Taiwan plane emergency landing
Beijing, July 23 (IANS) At least 51 people were killed and seven others injured when a passenger plane with Taiwan's TransAsia Airways made an emergency landing on the outlying island county of Penghu Wednesday, media reported.
 
 
High salt ups heart disease risk in diabetics
Tokyo, July 23 (IANS) People with Type-2 diabetes have more to add to their list of dietary restrictions as researchers have found that a high salt diet may double their risk of developing cardiovascular disease.
 
 
 

Latest from the Network

Bravo defends sending Pooran in Super over
Port-of-Spain (Trinidad and Tobago), July 24 (IANS/CMC) Red Steel skipper Dwayne Bravo has defended his decision to allow 18-year-old Nicholas Pooran to take on Sunil Narine in a Super Over against the Guyana Amazon...
Read more on Sport Balla
 
Bolt blasts officials for reducing Gay's doping ban
Glasgow (Scotland), July 24 (IANS/CMC) Sprint super star Usain Bolt has criticised anti-doping officials for reducing Tyson Gay's doping ban after he tested positive for an anabolic steroid last year. Gay and Bolt's...
Read more on Sport Balla
 
Superb Smith's century takes Tridents to victory
Bridgetown (Barbados), July 24 (IANS/CMC) A century by Dwayne Smith fired Barbados Tridents to their second win of the Caribbean Premier League (CPL), with a convincing 29-run triumph over St Lucia Zouks in their first...
Read more on Sport Balla
 
Tim Cook Just Made The Case For A Low-Priced iPhone
During Apple’s earnings call yesterday, CEO Tim Cook was asked a seemingly harmless question about the impact of trade-in programs on iPhone sales. Cook’s wide-ranging response was that he felt trade-ins were good for...
Read more on Auto Balla
 
A Tech Company With An Auto Focus
When three guys from an accounting firm in Pune came up with the idea of offering IT services back in the late 1980s, they were entering uncharted territory. Personal computers were still getting popularized, and Indian...
Read more on Auto Balla
 
Natalie Imbruglia wants to join dating app Tinder
Los Angeles, July 24 (IANS) Actress-turned-singer Natalie Imbruglia, who is single, reportedly wants to sign up to the cult dating app Tinder. The 39-year-old has admitted that her lack of success in her love life...
Read more on Celebrity Balla
 
Nigeria's abducted girls not forgotten: UN chief
United Nations, July 24 (IANS) UN Secretary General Ban Ki- moon Wednesday voiced his full support for the worldwide vigils to mark 100 days since the abduction of schoolgirls in Nigeria by Boko Haram terrorists,...
Read more on Politics Balla
 
Colombian military kills 13 rebels
Bogota, July 24 (IANS) Colombia's ministry of defence said Wednesday the armed forces killed 13 Leftist rebels and captured eight in two separate operations. The first operation took place between the towns of Tame...
Read more on Politics Balla
 
Kerry wraps up Israel visit, no sign of breakthrough
Jerusalem, July 24 (IANS) US Secretary of State John Kerry left Israel late Wednesday after a day-long visit during which he tried to broker a ceasefire agreement to end the ongoing fighting between Israel and Hamas....
Read more on Politics Balla