VIDEO: GoodData Is Trailblazing Big Data

This business intelligence firm has been growing like a weed.

   

Big Data might be transforming into a big business, but at this point, there’s only been one IPO in the sector: Splunk (NASDAQ:SPLK).

Granted, that single IPO has been a big winner — SPLK came public a year ago at $17 but now trades around $44 — but the field’s looking kind of lonely.

Though maybe not for long.

One IPO possibility in the Big Data is GoodData. Founded in 2007, GoodData leverages cloud technologies to help companies with business intelligence, which involves helping clients to get a better sense of key trends affecting their sector.

The industry is currently dominated by legacy players like IBM (NYSE:IBM) and SAP (NYSE:SAP) that use on-premise solutions. But GoodData is becoming a growing presence.

Last year, GoodData’s revenues surged by a multiple of five (though the company has not released actual figures), and the customer count increased three times over to more than 8,000. More than 40 of its deals were for six-figures.

IDC projects the Big Data segment to grow 32% annually and hit $23.8 billion by 2016, so the market opportunity is massive.

To scale out, GoodData has raised a total of $53.5 million. Investors include tier-1 players like Andreessen Horowitz, General Catalyst Partners, Fidelity Growth Partners, Next World Capital, Tenaya Capital and Windcrest Partners.

I’ve known the founder and CEO of GoodData, Roman Stanek, for some time. He’s a veteran of the tech world, previously launching NetBeans (which was sold to Sun) and Systinet (which was sold to Mercury Interactive). In the video interview below, I talk to Stanek about the company and the mobile enterprise:

Tom Taulli runs the InvestorPlace blog IPO Playbook. He is also the author of High-Profit IPO StrategiesAll About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/ipo-playbook/video-gooddata-is-trailblazing-big-data/.

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