September 20, 2010 |
BA Insight’s Strong Growth in Enterprise Search Space Secures $6 Million in Series A Funding
New York, NY – September 20, 2010 – BA Insight, Inc., an enterprise search software company specializing in Microsoft-based information access technology, announced today that it has secured $6 million in private equity funding led by New York-based Milestone Venture Partners. Paladin Capital Group and Osage Venture Partners also invested in the round. The New York State Common Retirement Fund participated in the financing through funds managed by Milestone Venture Partners and Paladin Capital Group.
Todd Pietri, General Partner of Milestone Venture Partners, said “We are delighted to lead this round of funding for BA Insight. With this capital infusion, their innovative preview and connector technologies, large customer base and growing interest from the government sector, BA Insight now has the resources necessary to meet the growing demand for its products.”
BA Insight’s flagship product Longitude optimizes Microsoft’s SharePoint Search, and FAST Search for SharePoint platforms. Users can find, analyze, and act on relevant information regardless of the format or where the data resides. Longitude offers out-of-the-box SharePoint Connectors to more than 20 business applications including ERP, CRM, Messaging, and ECM. Longitude also provides a state of the art user experience via a rich Silverlight SharePoint document viewer. Organizations deploying Longitude experience full integration of enterprise data within days, rather than the months typically devoted to enterprise information integration initiatives.
“BA Insight’s next-generation enterprise search technology moves it beyond traditional search,” explained Sue Feldman, Vice President of Search and Discovery Technologies at IDC. “Delivering intelligent search-based applications is the next frontier for enterprise search. Having a flexible framework on which to build these can unite access to both unstructured and structured data across information silos, giving decision makers a full view of their businesses.”
BA Insight will deploy the capital raised to further develop and extend its suite of enterprise search products for SharePoint Search, expand its marketing efforts and grow its sales and support services organizations. “The market for BA Insight technologies is expanding rapidly,” explained Guy Mounier, CEO and co-founder of BA Insight. “We have huge growth potential in U.S. government, professional services, energy and other sectors. This investment will allow us to build the organization needed to support our growth in those markets.”
In conjunction with the financing, Todd Pietri of Milestone Venture Partners and Philip Eliot of Paladin Capital Group joined BA Insight’s Board of Directors. Nate Lentz of Osage Venture Partners joined as a Board observer.
Learn more about BA Insight by visiting www.BA Insight.net. Register for the IDC webcast “Delivering Search-Based Applications on Top of SharePoint” at 2pm EDT September 23, to learn more about BA Insight technology. |
Media Contact Tucker Hall Director of Corporate Communications Send an E-mailCall 1.212.601.9287
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About BA Insight BA Insight is a leading provider of integrated search technologies that help organizations leverage the full power of Microsoft SharePoint and FAST Search across the enterprise. BA Insight’s flagship Longitude Search and Longitude Connectors software products let organizations extend Microsoft’s enterprise search capabilities across dozens of CRM, ERP, ECM, messaging, and collaboration systems, and delivers rich document preview and assembly tools that empower knowledge workers to act upon search results with greater speed and effectiveness.
Founded in 2004 and headquartered in New York City, BA Insight maintains sales offices and research facilities throughout the United States and Europe. BA Insight’s global team, fortified by an expansive network of certified partners and resellers, has helped millions of users gain instant and actionable access to information. Hundreds of customers – including Fortune 500 companies such as Accenture and ExxonMobil, and government agencies such as the U.S. Defense Intelligence Agency and the Australian Department of Defense – have deployed BA Insight’s enterprise search solutions to take full advantage of their information assets while optimizing end-user productivity. BA Insight is a Managed Gold Certified Microsoft Partner. |
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MEDIA CONTACT
Tucker Hall, Director of Corporate CommunicationsE-mail or call 1.212.601.9287 begin_of_the_skype_highlighting 1.212.601.9287 end_of_the_skype_highlighting |