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

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

 
 
 

13 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

7 weeks ago

RM47mil KWSG contributions still unclaimed

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

KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the D ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

7 weeks ago

Gold shop lost almost RM1mil

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

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

 
Update
8

7 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

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

KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

7 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 His ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

7 weeks ago

9.1m litres of diesel seized in a month

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

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’ ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

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

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

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

 
Update
4

7 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 ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

8 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

JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an allocation of RM ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

8 weeks ago

Najib launches loan scheme for Ramadan traders

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

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan B ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

8 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 ...
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

'Blue' light at dimly-lit places keeps workers healthy
London, July 31 (IANS) In a first, researchers have shown that a particular kind of artificial light is capable of ensuring that biological rhythms of our body clocks are correctly synchronised despite the absence of sunlight.
 
 
US military women less likely to drink than civilians: Study
New York, July 31 (IANS) A survey of US military veterans has revealed that female veterans are actually less likely to drink than their civilian counterparts.
 
 
Protein can prevent brain damage from toxic chemicals
New York, July 31 (IANS) Engineering a protein, research shows, may prevent brain damage in civilians and soldiers exposed to poisonous chemicals - particularly those in pesticides and chemical weapons.
 
 
IPad Air Giveaway 2014 is Online
IPad Air Giveaway 2014 is Online
Our sister site I4U News is giving away a brand new iPad Air or if you can wait an iPad Air 2. This is an $499 value.
 
 
 

Latest from the Network

Amalraj-Madhurika lose in TT mixed doubles fourth round
Glasgow, July 31 (IANS) India's Anthony Amalraj and Madhurika Patkar lost in the fourth round of the mixed doubles table tennis event of the 2014 Commonwealth Games at the Scotstoun Sports Campus here Thursday. The...
Read more on Sport Balla
 
Ukrainian parliament rejects PM's resignation
Kiev, July 31 (IANS) The Ukrainian parliament Thursday rejected the resignation tendered by Prime Minister Arseny Yatsenyuk last week, the parliamentary press service said. Yatsenyuk's resignation was backed by only...
Read more on Politics Balla
 
'Blue' light at dimly-lit places keeps workers healthy
London, July 31 (IANS) In a first, researchers have shown that a particular kind of artificial light is capable of ensuring that biological rhythms of our body clocks are correctly synchronised despite the absence of...
Read more on Apple Balla
 
US military women less likely to drink than civilians: Study
New York, July 31 (IANS) A survey of US military veterans has revealed that female veterans are actually less likely to drink than their civilian counterparts. Women react differently to their experience in the...
Read more on Apple Balla
 
Protein can prevent brain damage from toxic chemicals
New York, July 31 (IANS) Engineering a protein, research shows, may prevent brain damage in civilians and soldiers exposed to poisonous chemicals - particularly those in pesticides and chemical weapons. A set of...
Read more on Business Balla
 
Paddlers Sharath, Shamini in mixed doubles quarters
Glasgow, July 31 (IANS) India's mixed doubles table tennis pair of Sharath Kamal and Shamini Kumaresan advanced to the quarter-finals of the 2014 Commonwealth Games here Thursday. The Indian duo recorded a hard fought...
Read more on Sport Balla
 
Alicia Keys pregnant with second child
Los Angeles, July 31 (IANS) Singer Alicia Keys and musician Swizz Beatz' family is getting bigger. Alicia announced that they are expecting their second child. She took to Instagram on her fourth wedding anniversary,...
Read more on Celebrity Balla
 
Jeff Bridges unsure whether to slow down
Jeff Bridges can't decide whether to relax or work harder as he is getting older. The 64-year-old actor worries his time is running out so thinks he needs to cram in as much as possible, but has a conflicting feeling...
Read more on Celebrity Balla
 
Robert Pattinson embraces anxiety
Robert Pattinson ''likes'' his feelings of anxiety. The 28-year-old actor has considered seeing a therapist but doesn't know how helpful it would be, and feels lucky his bouts of feeling low never last very long. He...
Read more on Celebrity Balla
 
Kelly Osbourne sued by landlord
Kelly Osbourne has been accused of letting her dogs poop all over her apartment. The 'Fashion Police' host has taken legal action against her former West Hollywood landlord for keeping her security deposit when she...
Read more on Celebrity Balla