Navigation Links
Former Motorola Chairman and CEO Christopher Galvin Joins VelociData Board of Directors as Company Closes $10 Million Financing
Date:7/18/2013

St. Louis, MO (PRWEB) July 18, 2013

VelociData, Inc., provider of the world’s fastest engineered solutions for data transformation and data quality, today announced that former Motorola Chairman and CEO Christopher Galvin has joined its Board of Directors.

The company also announced that it has closed $10 million in financing. The new capital will be used to accelerate sales and marketing efforts, as well as the recruitment of key leadership required to support the company’s growth.

As data volume and diversity continue to grow—and businesses demand faster answers to increasingly complex questions—IT organizations chronically face problematic choices such as capital-intensive investments in additional infrastructure or the adoption of new technologies that require new skill-sets while only partially addressing speed- and scale-related challenges.

VelociData overcomes these technical and financial obstacles to Big Data performance by:

1)    Engineered solutions that often outperform conventional ETL solutions by 1000X
2)    Allowing customers to leverage the solutions on a subscription basis

VelociData solutions also snap into existing architecture—accelerating time-to-benefit, while avoiding the cost and risk associated with more disruptive approaches.

“Any C-level executive leading a global enterprise will tell you that, in today’s hyper-dynamic and hyper-competitive markets, success depends more and more on giving decision-makers fast access to information that is complete, accurate and timely,” said Galvin. “VelociData is delivering a breakthrough response to this global need.”

Galvin led VelociData’s latest financing round, with participation from founding investors Bush O’Donnell and NewSpring Growth Capital.

“We are honored to have someone of Chris Galvin’s experience, vision and proven leadership ability join our Board,” said James O’Donnell, Chairman and CEO of VelociData. “His passion for innovation and for advancing the contribution that IT makes to top- and bottom-line business performance is a perfect fit with VelociData’s mission and go-to-market strategy.”

“In addition, we are excited to have one of our founding investors, NewSpring Growth Capital, meaningfully participate in the financing round and I personally look forward to continuing to work with Marc Lederman, General Partner at NewSpring Capital, on the VelociData board. He has been great partner and meaningful contributor to our success to date.” added O’Donnell.

The other members of the VelociData board are:

  •     Ronald Indeck, Founder and President
  •     Marc Lederman, Co-Founder and General Partner of NewSpring Capital
  •     Chris O’Malley, former CEO of Nimsoft and Executive Vice President at CA Technologies
  •     Barry Rudolph, former VP of System Networking at IBM
  •     Bradford Werner, President, Pentahui LLC

About VelociData, Inc.
VelociData delivers the world’s fastest data transformation solutions. Its purpose-built engineered systems radically alter the performance and economics of ETL and other data-related processes essential to analytics and Big Data processing—empowering customers to achieve unprecedented information enablement. For more information, visit http://www.velocidata.com.

About Christopher Galvin:
Christopher Galvin is a seasoned technology executive with over 40 years of experience leading and working with global high growth technology organizations. Mr. Galvin's former relationships include: Chairman of NAVTEQ; Chairman and CEO of Motorola Inc.; member of the Bechtel Corporation's Board of Counselors; Chairman of the U.S.-China Business Council; director of the Rand Corporation; member of the U.S. Department of Defense Board; member of the U.S. Department of Defense Science Board; advisor to the City of Tianjin, China; advisor to the CEO of Hong Kong; and advisor to the Searle Family Trusts.

Chris currently serves as Chairman, CEO and Co-founder of Harrison Street Capital, is member of the board of MCR-Aerodyne Inc., Chairman of Cleversafe, Inc., Chairman of UniqueSoft, Inc,.a member the Executive Committee of Northwestern University's Board of Trustees; the American Enterprise Institute Board, the Legion D'honneur, Tsinghua University School of Management and Economics (Beijing); Business Council (U.S.), the American Society of Corporate Executives; the Board of the Chicago Council of Global Affairs and Chair of the Rhodes Scholars selection committee for Illinois-Michigan.

About NewSpring Capital
NewSpring Capital, based in Radnor, PA, is a leading provider of private equity capital focused in the Mid-Atlantic region. NewSpring Capital currently has over $950 million of assets under management. The family of funds consists of: (i) NewSpring Growth, which invests equity capital within the business services, enabling technology and information technology sectors to support growth, recapitalizations and mergers & acquisitions; (ii) NewSpring Healthcare, which invests equity capital within the healthcare services, specialty pharmaceutical and medical technology sectors to support growth, recapitalizations and mergers & acquisitions; (iii) NewSpring Mezzanine, which partners with business owners and financial sponsors to provide mezzanine debt and equity to support growth, acquisitions and recapitalizations; and (iv) NewSpring Holdings which focuses on control buyouts and platform builds, targeting profitable growing companies between $5 and $25 million of revenue in the business process automation, services, software and niche manufacturing / distribution sectors. NewSpring Capital combines deep operating knowledge with financial and investing expertise to provide growing companies the financial resources, advice, network of contacts and strategic partnerships necessary to be successful. To learn more about NewSpring Capital, please visit http://www.newspringcapital.com.

Read the full story at http://www.prweb.com/releases/2013/7/prweb10939541.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. As a Show of Support to New Ownership at a Member Function, Former Owner of Travel Services Center, Eric Shuman Books Travel with His Previous Company
2. The Former Breezes Resort is Re-Opened by Blue Diamond Resorts as the Original Grand Lido Negril Announced Go Classy Tours
3. Former Owner Eric Shuman Endorses New Owners and Changes Made in Last Year Since Shuman Sold Travel Services Center at Member Conference
4. Statement on the Passing of Dr. John Waltrip, Former Glendale Community College President
5. Hydrocephalus Association Proud to Announce Live Performance by Former Aerosmith Guitarist, Diagnosed with NPH, at Huber & Breese Music in Fraser, MI
6. Hydrocephalus Association Proud to Announce Live Performance by Former Aerosmith Guitarist at Michigan News Agency in Kalamazoo, MI
7. Former Southern Illinois University Chancellor to Speak at Prairie Living Assisted Living on How God Delivered the Ten Commandments to Moses
8. Former HHS Inspector General to Outline Proven Strategies for Implementing an Internal Investigation
9. Dancers, Performers and Sports Professionals are Asking for the New Foot Balm from Sublime Beauty®
10. Former Johnson & Johnson Executive Brian Perkins Named Chairman of Puroast® Coffee
11. Former Teacher and Crew Take on Head Lice in their New Hampshire Salon on MA Border
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... ... June 26, 2016 , ... On June 10-11, 2016, A Forever Recovery, ... Festival and World’s Longest Breakfast Table in Battle Creek, MI, where the rehabilitation facility ... home to some of the world’s leading providers of cereal and other breakfast foods. ...
(Date:6/25/2016)... ... 25, 2016 , ... Experts from the American Institutes for ... Meeting June 26-28, 2016, at the Hynes Convention Center in Boston. , AIR ... care planning, healthcare costs and patient and family engagement. , AIR researchers will ...
(Date:6/25/2016)... Beach, CA (PRWEB) , ... June 25, 2016 , ... ... UCLA with Magna Cum Laude and his M.D from the David Geffen School of ... Diego and returned to Los Angeles to complete his fellowship in hematology/oncology at the ...
(Date:6/24/2016)... ... June 24, 2016 , ... Those who have experienced traumatic events ... turn to unhealthy avenues, such as drug or alcohol abuse, as a coping mechanism. ... tools for healthy coping following a traumatic event. , Trauma sufferers tend to feel ...
(Date:6/24/2016)... ... June 24, 2016 , ... Dr. ... accelerated orthodontic treatment. Dr. Cheng has extensive experience with all areas of orthodontics, ... and accelerated osteogenic orthodontics. , Micro-osteoperforation is a revolutionary adjunct to orthodontic ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... -- Research and Markets has announced the addition ... to their offering. The ... commercial environment for MedImmune to enter. The US ageing population ... to drive considerable growth for effective anti-influenza medications. The introduction ... considerably, but development is still in its infancy. ...
(Date:6/23/2016)... and INDIANAPOLIS , June 23, ... a Lilly Diabetes Tomorrow,s Leaders Scholarship is any indication, ... winners, announced today online at www.diabetesscholars.org by ... 1 diabetes stand in the way of academic and ... the Foundation,s scholarship program since 2012, and continues to ...
(Date:6/23/2016)... , June 23, 2016  Guerbet announced today that ... Supplier Horizon Award . One of ... was recognized for its support of Premier members through ... clinical excellence, and commitment to lower costs. ... this recognition of our outstanding customer service from Premier," ...
Breaking Medicine Technology: