Monday, January 7, 2013 - Company Release
General Electric Pension Trust Joins Growth Funding Round;
Follows Recent $34 Million Investment Led by Oak Investment Partners
Attivio, creator of the award-winning Active Intelligence Engine® (AIE®) has secured $8 million in new growth funding from General Electric Pension Trust, in addition to the $34 million investment led by Oak Investment Partners announced in October. Designed to help companies quickly analyze and solve complex business problems, AIE delivers comprehensive, high-value insight regardless of what applications or sources hold the content.
"Attivio is delivering significant innovation and impressive return on investment for a growing list of global customers," said Carlos Monfiglio, managing director of U.S. Private Equity at GE Asset Management. "We believe Attivio's approach to unified information access and its patented technology differentiators and superior security capabilities can help customers invent more, make more, sell more and do it all with greater efficiency."
"Demand for information is exploding, with business users clamoring for new combinations of data types, drawn from new sources, in higher volumes than ever before," stated Ali Riaz, CEO at Attivio. "AIE's value in quickly unifying and accessing the traditionally separate silos of enterprise data and content that limit business agility is resonating across an increasingly large group of customers and industries. We are thrilled to have General Electric Pension Trust as an investor to support us in meeting this growing demand."
Attivio's Active Intelligence Engine combines the power of enterprise search, BI and big data for strategic applications and solutions that can be deployed on-premises or in the cloud. Customers gain maximum value from massive amounts of data, whether internal or external and regardless of source or format.
About GE Asset Management
A wholly-owned subsidiary of General Electric Company, GE Asset Management Incorporated (GEAM) is a global asset manager with $120 billion in assets under management (as of September 30, 2012). GEAM and its predecessor organizations have been managing investments for GE's U.S. employee pension and benefits plans for over 80 years. Today GEAM manages portfolios for global clients in all major asset classes, including U.S. and international equities, fixed income and alternative assets. Client assets are invested side-by-side with the corresponding portfolios of GE's benefit plans and managed by the same investment professionals, aligning GEAM's interests with those of its clients.
Attivio and Active Intelligence Engine are trademarks of Attivio, Inc. All other names are trademarks of their respective companies.
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