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:6/25/2016)... , ... June 25, 2016 , ... Conventional wisdom preaches ... success. In terms of the latter, setting the bar too high can result in ... than just slow progress toward their goal. , Research from PsychTests.com ...
(Date:6/24/2016)... ... ... was in a crisis. Her son James, eight, was out of control. Prone to extreme ... “When something upset him, he couldn’t control his emotions,” remembers Marcy. “If there was ... other children and say he was going to kill them. If we were driving ...
(Date:6/24/2016)... ... June 24, 2016 , ... Comfort Keepers® of San Diego, CA is excited ... To Recovery® program to drive cancer patients to and from their cancer treatments. ... highest quality of life and ongoing independence. Getting to and from medical treatments ...
(Date:6/24/2016)... ... June 24, 2016 , ... The Haute ... Dr. Barry M. Weintraub as a prominent plastic surgeon and the network’s newest ... world, and the most handsome men, look naturally attractive. Plastic surgery should be ...
(Date:6/24/2016)... ... June 24, 2016 , ... Venture Construction Group (VCG) ... held on June 20th at the Woodmont Country Club at 1201 Rockville Pike, Rockville, ... dedicated to helping service members that have been wounded in battle and their families. ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... 2016 Dehaier Medical Systems Ltd. (NASDAQ: ... markets and sells medical devices and wearable sleep respiratory ... strategic cooperation agreement with Hongyuan Supply Chain Management Co., ... June 20, 2016, to develop Dehaier,s new Internet medical ... Dehaier will leverage Hongyuan Supply Chain,s sales platform to ...
(Date:6/24/2016)... , June 24, 2016 ... Market by Type (Standard Pen Needles, Safety Pen Needles), ... (Insulin, GLP-1, Growth Hormone), Mode of Purchase (Retail, Non-Retail) ... MarketsandMarkets, This report studies the market for the forecast ... to reach USD 2.81 Billion by 2021 from USD ...
(Date:6/24/2016)...  Arkis BioSciences, a leading innovator in the ... cerebrospinal fluid treatments, today announced it has secured ... led by Innova Memphis, followed by Angel Capital ... Arkis, new financing will accelerate the commercialization of ... of its in-licensed Endexo® technology. ...
Breaking Medicine Technology: