BI Industry Monthly Roundup: June

125938740 (1)Each month, BI Software Insight will report on the major developments in the business intelligence in
dustry, highlighting the most important news from vendors across the field.

This roundup will include purchases, partnerships, investments, and new and updated software releases.

Cloudera

Cloudera has made a lot of noise in the BI market with its latest purchase of Gazzang, a vendor that specializes in encryption for Hadoop environments.

The purchase reflects the growing importance of security for customers as their Hadoop deployments increase.

Recent trends indicate that this is a broad concern. Last month, a key Cloudera rival, Hortonworks, acquired XA Secure, a security startup company.

Cloudera will make use of Gazzang’s ability to manage access to tokens, keys, and protocols that provide users with data access. Gazzang’s software is also compatible with several other data stores, including MongoDB, Cassandra, Couchbase, and Amazon Elastic MapReduce.

This is Cloudera’s first major acquisition.

SiSense

Startup BI firm SiSense has received a major boost with $30 million in new venture-backed funding.

The funds come at a critical time for the data cleansing and analysis-focused company. Several other small vendors are thriving in SiSense’s space, and consolidations have made some of these businesses even more lucrative.

SiSense executives say they see Tableau and Qlik as their top competitors.

Teradata

Teradata has partnered with NoSQL vendor MongoDB to create a new, more efficient platform that focuses on big data analytics.

The partnership has resulted in a bi-directional connector that will allow users to expand MongoDB applications with analytics from Teradata.

The connector provides users with the ability to access and analyze data without special tools from IT.

IBM

Addressing the lack of skilled workers for the increasing amount of big data analyst jobs, IBM plans to work with 28 universities for the coming Fall, 2014 semester.

IBM will provide business schools with special technology, and help them design curriculum that will better prepare them for jobs in data science upon graduation.

In one instance, IBM is helping Case Western Reserve University create a new degree program in data science and analytics. They are also assisting the University of Massachusetts, Boston, in creating a BI concentration for their MBA program.

Thoughtspot

A unique BI startup that aims to change the way companies use business intelligence has raised $30 million.

Thoughtspot co-founder and CEO Ajeet Singh says his company will focus on reorienting the direction of BI from IT to end-users.

The software’s database includes a search tool that has been compared in its simplicity to Google search.

The investment brings Thoughtspot’s total venture-funded capital to $40.7 million, which they will use build customer support in advance of their first product release at the end of the year.

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