The Deal
Sunday, November 8, 
6:32 pm

ParAccel lands $22M

  Share     E-Mail    Discussion    Print Story
paraccel125x100.gifBusiness analytics is big business, and ParAccel Inc., which has developed a high-speed database management system, proved it Monday by announcing a $22 million Series C round.

The financing, led by new investor Menlo Ventures, adds to a $20 million second round announced by the Southern California startup in December 2007, soon after it launched. Previous investors Bay Partners, Mohr Davidow Ventures, Tao Ventures Partners and Walden International also participated in the round. MDV led ParAccel's second round.

In conjunction with the financing, Menlo Ventures managing partner John Jarve will join ParAccel's board.

ParAccel's software helps enterprises analyze customer data and behavior via a high-speed database management system that uses a technology the company claims is far faster than competing products from the likes of Oracle Corp. (NASDAQ:ORCL) or IBM Corp. (NYSE:IBM).

ParAccel has built strong ties with server maker Sun Microsystems Inc. (NASDAQ:JAVA); it will be interesting to see whether the collaboration survives Oracle's pending $7.4 billion acquisition of Sun, what with Oracle offering its own flagship database management product. - Olaf de Senerpont Domis

Continue reading below

Also on Dealscape





Post a comment





The Deal Pipeline

Deal Video


Inside The Deal: Linklaters' Schmidt says how regulators handled Pfizer Inc.'s acquisition of Wyeth is an outlier of how others merger reviews will be conducted.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Dealing with frozen bank lending

If your bank is not willing to lend, what can you do as your company continues to seek growth?


Judgment Call

The coming age of the renminbi

The Chinese currency will play an increasingly important role in international commerce and finance.


Industry Insight

Banking on PE investments

Howls of protest greeted the FDIC policy statement, but the financial services industry should get over it.


footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.