• 08 Jun 2016

    SundaySky Raises $30 Million to Accelerate Leadership in Personalized Video Engagement Market

    SundaySky Raises $30 Million to Accelerate Leadership in Personalized Video Engagement Market
    Viola Private Equity leads Series D financing round to accelerate global growth;  NTT DOCOMO Ventures joins as strategic investor

    NEW YORK – June 8, 2016 –
    SundaySky, powering personalized video engagement for leading brands, today announced it has completed its Series D financing round and raised an additional $30 million, bringing total investments in the company to $67 million. New investor Viola Private Equity led the round and was joined by existing investors Carmel Ventures, Globespan Capital Partners, Norwest Venture Partners, Comcast Ventures and others. NTT DOCOMO Ventures – the venture capital arm of NTT DOCOMO, Inc., Japan’s leading mobile operator and a SundaySky customer – also participated as a strategic investor. The funding will scale global growth and support continued product innovation and a rapidly expanding customer base as SundaySky builds upon its position as the pioneer in the personalized video engagement market.

    By 2020, SundaySky expects all Fortune 500 business-to-consumer companies will adopt data-driven, personalized video storytelling to engage with and communicate to their customers. SundaySky has seen year-over-year SmartVideo program growth of 130 percent and is on track to reach 1 billion cumulative SmartVideo views by the end of the year, as companies respond to growing consumer demand for relevant and personalized experiences. Enterprises that implement SmartVideo at one stage of the customer lifecycle – such as video billing, acquisition or onboarding – are now adopting it for multiple applications across their businesses for holistic SmartVideo strategies.

    The company is expanding its board of directors, adding two members with extensive leadership in building publicly traded technology companies. Following this round, Viola Private Equity General Partner Ayal Shiran will join the company’s board of directors. In addition, Rami Hadar, former president and CEO of Allot Communications Ltd. (NASDAQ, TASE: ALLT), will assume the role of executive chairman.

    “As the creator of the personalized video engagement market category, SundaySky has changed how brands interact with consumers, making one-to-one personalized communication possible,” said Ayal Shiran, general partner of Viola Private Equity. “With SundaySky’s proven technology, veteran executive team and impressive blue-chip customer list, the company is positioned to accelerate growth and advance its solution, now more than ever. We believe in SundaySky’s vision of personalized video becoming the primary engagement medium between a brand and an individual, and we look forward to working with the company to realize this future.”  

    Leading brands in telecommunications, e-commerce, insurance, banking, healthcare and other industries rely on SundaySky’s SmartVideo Platform to create personalized video experiences that change consumer behavior across the customer lifecycle, and drive return on investment. SmartVideo programs drive up to 20X incremental revenue growth, 22 percent reduction in customer churn, 20 percent reduction in customer care costs, lift digital adoption by 19 percent and an 18-point increase in Net Promoter Score.

    “This funding underscores the maturity of the personalized video engagement category, and SundaySky’s leadership in it,” said Shmulik Weller, SundaySky co-founder and CEO. “We’ve seen significant, rapid growth in adoption of SmartVideo as a strategy for leading global brands, and with the investment from Viola Private Equity, we will continue to execute on our mission of offering one-to-one communication through a storytelling medium that is highly targeted, measurable and scalable.”

    Additional SundaySky resources:
    Blog: http://bit.ly/Scuwqp
    Resource library: http://bit.ly/1OHOZQ1
    Twitter: http://bit.ly/1wgr7XH
    Facebook: http://on.fb.me/1ha670C

    About SundaySky
    SundaySky is transforming the relationship between brand and customer through personalized video. Our platform, built on proprietary SmartVideo technology, combines the power of video with personalized storytelling at scale to foster long-term customer relationships. The SmartVideo Platform lets marketers communicate to an audience of one and easily create, manage and optimize real-time personalized video programs throughout the customer lifecycle. AT&T, Citi, Comcast and other industry-leading brands partner with SundaySky to engage prospective and current customers, resulting in higher revenue, lower costs and deeper loyalty. SundaySky is headquartered in New York City with offices in Tel Aviv and Tokyo. Visit www.sundaysky.com for more information.

    About Viola Private Equity
    Founded in 2008, Viola Private Equity provides an opportunity for growth stage companies to raise the capital they need to develop and expand. Viola Private Equity focuses on value creation in its portfolio companies and utilizes its strong management team to accelerate the growth of these companies. By providing direct capital investment, combined with strong leadership support, it propels portfolio companies forward, turning recognized companies into global technology leaders.  The Viola Private Equity team has vast experience in working with management teams to build organic and non-organic growth plans, scale operations, strengthen management teams and aim to create business partnerships with global leaders. 
Viola Private Equity is a member of the Viola Group, Israel’s premier technology-focused Private Equity group with over $2.5B under management. For more information visit: www.violape.com

  • 07 Jun 2016

    Redis Labs Empowers Real time Big Data Insights for Apache Spark Users

    Integrates Redis Cloud with Databricks enabling users to accelerate Apache Spark analytics for real-time scenarios

    MOUNTAIN VIEW, Calif, June 7, 2016 at 04:00 a.m. PT
    Redis Labs, the home of Redis, the world’s most popular in-memory NoSQL database, today announced it has integrated Redis Cloud (Redis Labs’ fully managed enterprise Redis service) withDatabricks’ just-in-time data platform powered by open source Apache Spark. The integration allows Databricks users using Redis Cloud to accelerate their Spark processes and SQL queries with enterprise grade Redis from Redis Labs. The bi-directional cloud integration allows Redis Cloud’s 50,000+ users to both accelerate their Spark processes and SQL queries, and instantly run analytic processing on Redis data with the Databricks just-in-time data platform.

    “Two of the most important and growing open source projects, Spark and Redis are collaborating to make the next generation of big data analysis real-time for instantaneous automated business decision making,” said Yiftach Shoolman, co-founder and CTO at Redis Labs. “Analytics can now evolve from post-facto to inline and our joint customers can now gain insights from their data at lightning fast speeds.”

    Using the power of Spark integrated with the real-time high performance of Redis, Redis Cloud users can use Spark for iterative processing of their data in Redis. Additionally, Databricks users can use Redis Cloud as a fast serving layer and accelerator for Spark processes and queries. Joint use cases for Spark and Redis include examples such as :

    • Using Redis with Spark SQL to serve up blazing fast responses to analytic queries;
    • Using Redis with Spark DataFrames for Text Analysis;
    • Using Redis to accelerate Machine Learning Models.

      “Real-time is the name of the game for data scientists and developers in today’s complex big data web. This integration will enable data-minded professionals to continue using existing standard SQL-based analytics tools while enjoying the speeds of the two fastest in-memory processing technologies,” said Reynold Xin, cofounder and chief architect at Databricks.

      The bi-directional integration of Redis Cloud with the Databricks just-in-time data platform is available today. An online demo of the integration can be viewed here. On June 6-8, Redis Labs will be at Spark Summit 2016 in San Francisco at booth #501.
  • 31 May 2016

    Gartner Recognizes Clarizen as a Leader in 2016 Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services, Worldwide for the Second Consecutive Year
    San Mateo, CA, May 31, 2016 --(PR.com)-- Clarizen, a global leader in collaborative work management software, today announced it has been positioned by Gartner, Inc. in the Leaders quadrant of the Gartner Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services, Worldwide for the second year in a row. After evaluating the field of project management software vendors, Gartner analysts placed Clarizen in the Leaders quadrant based on ability to execute and completeness of vision.

    According to the report: “Demand for IT PPM software continues to expand, with overall PPM market growth of 7.4% in 2015 amounting to more than $2 billion in revenue. This is partly due to an increased pace of change, as well as to a change in the nature of change, driven by digitalization. An almost-universal shortage of resources exacerbates the impact of the ever-increasing pace of change.”

    “We consider our designation as a leader by Gartner confirmation of our mission to help our enterprise customers continuously innovate and deliver efficiency and transparency across their global organizations,” said Boaz Chalamish, CEO at Clarizen. “We believe Clarizen’s extensible, enterprise-grade, collaborative work management platform makes it the right solution to serve a large market on critical business processes. We look forward to continuing to provide a first-class experience to our customers.”

    The Gartner Magic Quadrant is a culmination of research within a specific market, presenting a wide-angle global view of a particular market’s competitors and their relative positions. The report presents Gartner’s evaluation of software vendors that organizations might consider before purchasing IT project and portfolio management solutions.

    About the Magic Quadrant
    The Gartner document is available upon request from Clarizen here.
    Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

    Gartner, Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services, Worldwide, Daniel B. Stang, Robert A. Handler, Teresa Jones, 23 May 2016

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    Founded in 2000, Carmel Ventures is managing over $800M across four funds. As Israel’s top tier VC firm, we invest in Israeli or Israeli related early stage companies and build global category leaders. Carmel invests across a number of key market segments including: software, new enterprise infrastructure, big data, digital media, consumer applications and semiconductors.

    Our team approaches the investment as a proactive, hands-on endeavor. Carmel Ventures typically leads or co-leads investments and take an active role on the Board of Directors while keeping a low ratio of companies per partner. With strong M&A and IPO experience, the Carmel team has backed a disproportional share of Israel’s category leaders that generate hundreds of millions of dollars in annual revenues, including: Outbrain, ironSource, Payoneer, and more.

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