Predixion Software, a San Juan Capistrano, CA-based developer of collaborative predictive analytics solutions, raised $20m in Series C financing.
Backers included new strategic investors Accenture (NYSE: ACN), which will jointly develop a range of advanced analytics solutions for its clients with Predixion, and GE Ventures, existing shareholders DFJ Frontier, EMC, Miramar Venture Partners and Palomar Ventures and new Frost Venture Partners.
The company intends to use the funds to accelerate product development and scale its sales and marketing organizations.
Led by Simon Arkell, CEO and Co-Founder, Predixion Software provides collaborative predictive analytics solutions that allows customers to unlock insights within their data with technology that integrates with leading business intelligence platforms, business applications and workflows.
The company serves nearly 200 customers in 53 countries across key industries such as healthcare, life sciences, financial services, marketing, government, manufacturing and ecommerce.
04/10/2011: Predixion Software Raises $6M in Series B Funding
13/10/2010: Predixion Software Closes $5M Series A Financing Round