Arcadia Data Closes $11.5 Million Funding Round
Arcadia Data, a San Mateo, Calif.-based provider of a visual analytics and business intelligence platform for big data, has raised $11.5 million in series “A” funding led by Mayfield, with additional investment from Blumberg Capital and Intel Capital. “Businesses want to be more data driven, yet have lacked an easy-to-use, integrated product that gives them accurate answers to their most pressing business questions,” said Arcadia Data CEO and co-founder Sushil Thomas. “Our converged analytics platform solves these problems on data as scale.” Added Mayfield managing director and Arcadia board member Navin Chaddha, “We have been investing in the big data space for a while and have seen our companies grow into platforms such as NoSQL-provider Couchbase and Hadoop-vendor MapR. We believe that the next wave of innovation will happen at the analytics level with delightful products that rapidly deliver granular insights to the business user.” Thomas previously was a distributed systems architect at Aster Data. He has an M.S. in computer science from Arizona State University and a B.E. in computer science from Bombay University.
Sikka Software Raises $10.5 Million
Milpitas, Calif.-based Sikka Software, a retail healthcare cloud platform provider, has raised series “C” funding of $10.5 million led by OrbiMed, with participation from its series “B” investor Sierra Ventures and series “A” investor ATA Ventures. “Sikka Software is an emerging leader in the non-physician, non-hospital marketplace which is very large and underserved,” said Sikka Software CEO/founder Vijay Sikka. “With over 14,700 installations, we continue to grow in dental, audiology, veterinary, optometry and adjacent markets in both the United States and worldwide.” The company’s cloud platform with 32 apps has over 14,700 installations in dental, veterinary, hearing and vision and serves more than 34,000 doctors and 17 million active patients.
8x8 Pays $3 Million to Acquire Quality Software
San Jose, Calif.-based 8x8, a provider of cloud-based unified communications and contact center solutions, has purchased the assets of certain assets of Quality Software Corporation and two affiliated companies for $3 million in cash, of which $2.2 million was paid at closing. With the acquisition, 8x8 expands its portfolio to include call recording, screen capture, live monitoring, speech transcription and detailed analytics. QSC CEO Ryan Morrissey joins 8x8 as senior director of product strategy. “This is an exciting time in 8x8’s history as we continue to build upon our innovative technology platform and Global Reach initiative while further strengthening our capabilities for the mid-market and enterprise,” said 8x8 CEO Vik Verma.
Perspica Networks Gets $4 Million
Perspica Networks, a Santa Clara, Calif.-based IT operations analytics firm, has raised $4 million in series “A” funding from March Capital Partners, The Fabric and The Hive. “With dynamic workloads and virtualization, operating data centers with traditional static rules-based tools is a thing of the past, and a new approach is needed,” said Perspica CTO and co-founder JF Huard. “We started Perspica Networks believing that data center operations must be automated and needed analytics software to provide instant diagnostics.” Vipin Sharma is the engineering VP at Perspica. “Next generation networks are core to the evolution of cloud adoption. Perspica’s data driven approach subsumes complexity and brings in speed in operations," said Sumant Mandal, managing director at March Capital. “We are thrilled to have partnered with the Perspica team to help build a company unlocking the power of next generation data centers.”
Former Infosys Executive Launches BPO Firm Antworks
Asheesh Mehra, former VP and head of BPO at Infosys for the Asia Pacific, Japan and Middle East, has launched Antworks, his first entrepreneurial venture. The company is a provider of BPO services. “After spending 18 years in the industry, I felt this was the right time to take the plunge,” he said in a statement. “I am looking at making life at Antworks an adventure for everyone who walks through the door.” Singapore-based Antworks, which also has offices in Qatar, Mumbai and London, will focus on providing solutions mainly in the healthcare and financial sectors. The company’s co-founder is outsourcing veteran Govind Sandhu and Antworks has already opened a 200-seat delivery center in Pune.
St. Regis Hotel to Open in Mumbai
St. Regis Hotels & Resorts, a division of Starwood Hotels & Resorts Worldwide, will introduce its brand in India in the third quarter of 2015 with the St. Regis Mumbai. Owned by Pallazzio Hotels & Leisure Ltd., the Palladium Hotel is currently undergoing an extensive rebranding and will soon fly the St. Regis banner. The 38-story hotel in Lower Parel has 386 guest rooms, including 60 suites. Jim Petrus, global brand leader, St. Regis Hotels & Resorts, said, “Starwood is maintaining strong growth momentum in the region and the arrival of St. Regis in Mumbai reinforces our commitment to growing our luxury portfolio in this important market.” “This signing underscores our belief in the power of Starwood,” added Amit Bhosale, executive director, ABIL Group, and director, Pallazzio Hotels & Leisure Ltd.
Foxconn Scouts Deal to Build Apple Plant in India
Taiwan-based Foxconn is in talks to build the first Apple plant in India, Reuters reported, quoting Maharashtra Minister of Industries Subhash Desai. Foxconn said it hopes to develop 10-12 facilities in India, including factories and data centers, by 2020, but gave no details. Desai said Foxconn hasn’t made a firm commitment, but the group is looking to make iPhones, iPads and iPods for both domestic and global sales. Apple representatives in India did not respond to a request for comment. Apple is one of the largest clients for Foxconn, which quit India last year after client Nokia closed.