ActiveViam, a Boston, MA-based provider of in-memory data analytics software solutions for financial service and retail applications, received a minority equity investment from Guidepost Growth Equity.
The amount of the deal was not disclosed. As part of the investment, Russ Pyle and Gene Nogi of Guidepost Growth Equity will join the ActiveViam Board of Directors.
The company intends to use the funds to extend its leadership position in both the enterprise financial services and retail markets.
Led by Allen Whipple, Co-Founder and Managing Director, ActiveViam provides a flexible platform that aggregates vast amounts of disparate data and drives real-time operational analytics and data visualization, enabling its customers to make decisions.
The company serves global banks, asset managers, hedge funds, exchanges, and other financial services providers by enabling these customers to proactively and more accurately deploy capital, manage risk, improve trading performance, and ensure compliance in a complex regulatory environment.
It also provides retailers with the ability to dynamically price goods and optimize inventory across an omni-channel ecosystem.
ActiveViam is used by financial institutions such as HSBC, ING, Nomura, Société Générale, Freddie Mac, the CME, and international retailers including Monoprix, Feu Vert, Leroy Merlin, and Intermarché.
The firm also maintains development and go-to-market partnerships with Microsoft, MSCI, Calypso, and Numerix, among others.
It has offices in London, New York, Paris, Singapore, and Hong Kong.