NEWS8 May 2012
US— Analytics firm Nuevora has secured an undisclosed amount of private equity funding from Fortisure Ventures, which it will use to build a suite of cloud-based “business processes-as-a-service” analytics applications.
The company, whose services include market sizing and segmentation, social media sentiment analysis and competitor analytics, was founded by Phani Nagarjuna, who previously worked for software-as-a-service firm OneCommand.
He said: “Just as software-as-a-service (SaaS) disrupted the traditional enterprise software business models over the past decade, Nuevora envisions a new wave of business processes-as-a-service (BPaaS) applications taking root in major corporations that drive smarter decisions through real-time and continuous analytics.”