Is the Business Intelligence space heating up or what? The same week we publish our new benchmark report Agile Business Intelligence, two (really, three) leading BI solution providers (both of them included in the vendor ranking charts) had big news to announce.
First, Actuate announced that it has acquired Quiterian, which is also featured in the benchmark report. It struck me as a perfect fit, given what I know about both Actuate’s and Quiterian’s platform capabilities, including the latter’s strengths around big data integration. Then, just this morning, Pentaho announced that has secured a $23 million investment round from VC firms that include such marquee names as NEA, Benchmark Capital, Index Ventures and DAG Ventures. Three months ago, GoodData secured a nearly equal amount — actually, $25 million — to continue developing its cloud-based BI technology.
What does this acquisition and funding activity in the BI space mean? For one thing, it means that the marketplace is waking up in a big way to the importance of two age-old truths. The first truth is that information is power. The second truth is that timing is everything. Business users need to be able to access the right information as quickly as possible. The problem is that today’s business needs don’t always match the capabilities of yesterday’s analytic database design. Hence the need for companies of all sizes to invest in agile data management solutions and simplified self-service tools that put business users in the driver’s seat.
It also means is that one of our research associates will now need to update the Vendor Landscape section of the just-published report to reflect these latest announcements.