analytical software

Sumo Logic, Helping companies to get real-time insight into data.

Data is the most important asset today, and it has become essential for every company to safeguard their company as well as client data from any external threat. The maintenance process for data has generated new long queues for the company employees, and it has become quite difficult to properly maintain and analyze the data at the same time. For that, companies like Sumo Logic work and develop software that helps other companies to upkeep the data and analyze it in the most efficient way. The company is about ten years old has been doing great in the industry such that it has been able to bag contacts from big-name companies, like Google and Amazon.

About Sumo Logic

Sumo Logic is a software development company that mainly works to build log management and analytics software for companies, helping them to get real-time insight into data. Kumar Saurabh and Christian Beedgen founded Soft Logic in 2010. The company headquarters is based in Redwood City, California, USA. The company is into developing software based on IT operations, security analytics, cloud SIEM, data analytics, etc. It is a publically held company that trades on Nasdaq with ticker SUMO. As per the 2020 records, it made annual revenues worth $155 Million, and over 800 people are employed at Soft Logic.

The Back Story

Kumar Saurabh and Christian Beedgen, two of the developers of ArcSight, a cyber security software, founded Sumo Logic in April 2010. The company received its initial funding from names like Accel Partners, Sequoia Capital, Sapphire Ventures and Sutter Hill Ventures, etc. The company built its flagship product, a cloud-based elastic petabyte-scale platform that helps companies to collect, manage and analyze their enterprise log data in the most efficient way, saving on time and money. Being a cloud-based product, it provides access to data ion fingertips. In 2012, the company released another software, the Sumo Logic Free, deployed on AWS and Sumo Logic for VMware.
In a Series B round of funding held in January 2012, Sumo Logic raised $15 million, where it also unveiled a new cloud-based log management platform. In June 2015, the company had another, Series E round of funding, where it raised a sum of $160.5 million in venture capital. The next product of the company, a data analytic platform came in 2016, and in 2017, it introduced machine data analytics service. Then in 2018, the company partnered with Google Cloud Platform and also integrated its software with TensorFlow. The same year, it introduced cloud SIEM and added it to its machine data analytics platform. In May 2019, the company had its first IPO, and it went public on Nasdaq.
Sumo Logic has won some awards and recognitions as well. It was named among the ten Most Innovative Companies by RSA in 2012 and won the Audience Choice Awards for Performance Monitoring in the same year. Gartner named the company ‘Cool Vendor’ in 2014, and in 2019, Fortune added the company to its list of 50 Best Workplaces in Technology. Forbes named Sumo Logic one of the 100 Best Enterprise Security Products in the same year.

The CEO at Sumo Logic

Ramin Sayar is the residing CEO at Sumo Logic. He has got a graduate degree in B.A. from the University of California, Santa Barbara as well as an MBA from San Jose State University. For the past twenty-plus years, Sayar has worked at some prominent positions at various big-name companies. He has held the position of Product Line Marketing Manager at iPlanet and Netscape. He was the Director of Products and Solutions at TIBCO and the Senior Director of Products at Mercury Software. Sayar has also been the Vice President of Products and Strategy at HP Software. He joined VMware for five years leading the Cloud Management Business Unit of the company. After VMware, he joined Sumo Cloud in December 2014 and became the CEO of the company.

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Yashica is a Software Engineer turned Content Writer, who loves to write on social causes and expertise in writing technical stuff. She loves to watch movies and explore new places. She believes that you need to live once before you die. So experimenting with her life and career choices, she is trying to live her life to the fullest.

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Alteryx – An American-based Software Company That Develops Products For Data Science And Analytics.

Founded in 1997, Alteryx was established as a software company in Irvine California. The products of Alteryx are used for making significant advancements in data science and analytics that help several organizations. The company offers a series of products as a part of its platform including Alteryx Connect, Alteryx Designer, Alteryx Promote, Analytics Hub, etc. It also hosts a cloud-based website which is called Alteryx Analytics Gallery. In the last two decades, Company has expanded worldwide with approximately 1,200 employees. Currently, the CEO of the company is Mark Anderson. Under his leadership, the company has acquired a lot of companies.

History Of Alteryx

The foundation history of Alteryx began with the establishment of SRC LLC in 1997. This company is the predecessor of Alteryx as the name of the company was changed in 2010 after its core product. Dean Stoecker, Duane Adams, and Ned Harding are the three founders of the company. When the company was newly launched, SRC was building a data engine that was the first of its kind to deliver demographic-based mapping with a very short reporting time. After one year, the company released Allocate, a new product 1998, It was a data engine that incorporated geographically organized US census data. This data engine allowed the users to analyze, manipulate, and map data.

The product line of the company eventually started growing as it rolled out another product, Solocast in the same year. This product was developed for the main purpose of customer segmentation analysis. After two years, a modified version of the Allocate software was developed as per a contract between SRC LLC and US Census Bureau. The bureau used the updated software to integrate on the CD-ROMs of Census Data. In 2006, the company developed a new product called Alteryx. This product had both spatial and non-spatial data environments for building various applications based on analytics.

Expansion And Acquisitions

After the rollout of Alteryx, it became the core product of the company, and thus in 2010 SRC LLC changed its name to Alteryx. The funding received by Alteryx started escalating during this time as in 2011 the company raised $6 million from the Palo Alto investment arm of SAP Ventures. After two years it again raised $12 million from SAP Ventures and Toba Capital. The company conducted its Series B funding in 2014 where it was able to raise $60 million from existing investors and Insight Venture Partners. After this funding round, the company decided to expand its workspace by 30 percent.

In 2015, Alteryx raised another $85 million in a funding round led by ICONIQ Capital. The company announced that this fund will be used to expand internationally, improve their R&D facilities, and increase sales and marketing efforts. In 2016, Company was featured in the Forbes Cloud 100 list and a year after that it filed its IPO and went public. After the company started trading publicly, it made a series of acquisitions starting with a software company called Semanta in 2017. Later in 2017, Company acquired a data science startup, Yhat for $10.8 million. Some of the other companies acquired in the last few years are Alteryx ANZ, ClearStory Data, Feature Labs, etc.

Awards

The company has become one of the noticeable companies in the data science platform. In 2018, Gartner recognized Alteryx as a leader in the 2018 Magic Quadrant for Data Science and Machine Learning Platforms. Gartner Peer Insights also named the company “The Best Business Intelligence and Analytics Software of 2017.” KeyBanc Capital Markets named the company a Top 20 AI All-Stars Technology and the former CEO and co-founder of the company Dean Stoecker received the E&Y Entrepreneur of the Year award in 2017.

About The Founders

Dean Stoecker is famous as the co-founder and former CEO of Alteryx. He went to the University of Colorado followed by Pepperdine University to complete his MBA. In 2019, the net worth of Stoecker was $1.2 billion.

Duane Adams is one of the co-founders of the company and the Chief Advocacy Officer of Alteryx. One of her main goals in the company is to diversify the workforce and upskill the people of the company to keep up with the constantly evolving business world. Before co-founding Alteryx, she worked at Strategic Mapping, Donnelley, and VNU Business Media.

Ned Harding has recently retired from Alteryx. But, while he was a part of the company he served as the Vice President and CTO of the same. Before co-founding Alteryx, he worked at several companies as a software engineer.

Annasha

Annasha Dey is an NIT student, who apart from studying engineering is also a content writer. She has a great interest in photography, writing, reading novels, and travelling as well. She is a foodie who loves socializing and hanging out with her friends. She is also a trained Kathak dancer and a big fashion enthusiast. Dey also loves watching TV series, which includes F.R.I.E.N.D.S. and Big Bang Theory. To be a better writer she prefers to read more

QlikTech: Providing Analytical Software and Data Solutions.

Leave a Comment / Story, Tech Story / By Yashica Vashishtha

Qlik, aka QlikTech Inc., is a software solution company that deals with providing a business analytical platform to enterprises to solve their problems. The company was founded in 1993, and for the past almost 30 years, Qlik has helped many big-name companies with its business intelligence software solutions. The company deals in services like data analytics and data integration, having offices all around the world. Qlik is known for its excellence and innovation, has joined its hands with companies like Accenture and Cognizant for multiple programs.

About the Company

Qlik started its journey 28 years back in Sweden as a company providing detailed data analysis services. The company headquarters is in Lund, Sweden, and about 2500 people are working for it globally. Along with Sweden, the company has established offices in the US, Canada, Latin America, Europe, Middle East, as well as in Africa. Qlik is known for its services in business intelligence, data analytics, data integration, business analysis, and software development. Qlik Sense, Qlik Replicate, and Qlik Catalog are a few of the main products that the company endorses. The Qlik services are compatible with the major web service providers like Amazon Web Services (AWS), Microsoft Azure, Microsoft applications, Google, SAP, etc.

Founding QlikTech

Bjorn Berg and Staffan Gestrelius from Sweden founded QlikTech in 1993 as the providers of data analysis services. The company introduced QlikView as its first product, released in 1994, and got the patent for the same in 1995. In the following years, the company released the other three versions of the product. The popularity of QlikView brought Qlik funding from renowned Swedish investors Handelsbanken and Industrifonden in 1999. This led to the growth in the number of employees as well.
In 2004, Qlik went international and established the company headquarters in the US. The same year, the company also received more investments from Accel Partners and Jerusalem Venture Partners. In 2005, the company released version 7 of QlikView, replacing the single-user desktop with a server-based web tool.
By the end of the decade, the company was already a unicorn, and in 2011, the market capitalization of Qlik reached $2 billion. In the following years, the company made some important acquisitions that helped its expansion. Vizubi, Idevio, Crunch Data, Attunity, Knarr Analytic, and RoxAI are some of the companies acquired by Qlik.
In 2012, Qlik was among the top three fastest-growing tech companies in America. The next year, Qlik opened a new office in Perth, Australia, followed by the opening of a research and development branch in Ottawa, Ontario in 2015. In 2017, Qlik joined hands with Thomas Jefferson University of Pennsylvania to fight the opioid epidemic in the country. The next year, the company received the Best Business Intelligence and Analytics Software award.
By 2019, the Qlik had successfully launched its Software-as-a-Service environment, and the customers were now allowed to deploy its software on Qlik as well as any other public cloud. Wrightington, Wigan, and Leigh NHS Foundation Trust used the Qlik software to keep the record of the patients during the COVID-19 pandemic in the UK.
Qlik Sense and QlikView are some of its major products that run on its Associative Engine, used for big data analytics. Other than those, Qlik Analytics Platform, Qlik Data Catalyst, Qlik Core are some of the products that work using the same engine. Other Qlik products include Qlik GeoAnalytics, Qlik DataMarket, Qlik Connectors, Qlik Catalog, and Qlik Compose, etc.

The CEO at QlikTech

Mike Capone is the current CEO at Qlik. Capone went to Dickinson College to earn a BS degree in Computer Science and later completed an MBA in Finance from Pace University. Before joining Qlik, he has worked with companies like ADP and Medidata. He held the positions like Corporate Vice President of Product Development & CIO as well as the General Manager of the global outsourcing business at ADP. At Medidata, Capone worked as the COO and helped in the product development of the company. In January 2018, he became the CEO of Qlik.