ParAccel Closes $20M in Funding

ParAccel, Inc., a Campbell, CA-based enterprise analytic platform provider, has closed a $20m in funding.

Backers include existing investors.

The company intends to use the funding to increase adoption of its platform.

Led by chairman and CEO Chuck Berger, ParAccel offers a platform comprised of an analytic database surrounded by extensibility and integration technology as a foundation for running big data analytics.

The company serves clients spanning a wide range of industries, including financial services, government, healthcare, travel, hospitality, information service provider and customer relationship management.
Recently acquired customers include Alliance Health Networks, Department of Defense and TRX, among others.



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