Software companies and their investors see a huge opportunity to help big firms squeeze useful insights out of the vast troves of data they’re accumulating.

The latest example is Newton, MA-based Attivio, which today announced[1] it raised $31 million in financing. The data-analysis software provider has now raised $102 million total from its investors, which include Oak Investment Partners, General Electric Pension Trust, Tenth Avenue Holdings, and Per-Olof Soderberg.

Attivio says its software licensing revenue doubled last year, and it’s eyeing profitability this year. Founded in 2008[2], the company’s customers include Citi, Qualcomm, UBS, GE, and Thermo Fisher Scientific.

Jeff Engel is a senior editor at Xconomy. Email: jengel@xconomy.com

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References

  1. ^ announced (www.prnewswire.com)
  2. ^ in 2008 (www.attivio.com)

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