Company Continues Asia-First International Expansion Strategy with Singapore Presence Serving as Regional Hub to Support Partner and Customer Growth
SINGAPORE, Dec. 04, 2016 (GLOBE NEWSWIRE) — (Strata + Hadoop World 2016) – Paxata, provider of the only enterprise-grade, self-service adaptive information platform, today announced the formal grand opening of its Asia Pacific headquarters office in Singapore. Executing upon its Asia-first international expansion strategy, Paxata has driven massive customer adoption of its platform, critical partner engagement in high growth industries, including financial services and high tech manufacturing, and new venture capital investments from firms across Asia.
Paxata has made considerable progress in executing its Asia-centric international growth plan with Singapore serving as the hub of the company’s expansion efforts. During 2016, the company inked critical partnerships with Zalesia, Inc., a major business intelligence provider in South Korea, and K.K. Ashisuto, the master distributor for Qlik and Oracle in Japan. Paxata also hired Singapore-based industry veteran, Shantanu Srivastava to serve as Senior Vice President and General Manager of International Growth Markets and signed several large enterprise accounts, including one of the world’s leading international banks across Asia, Africa and the Middle East.
“We are extremely pleased with our rapid progress to date in establishing Paxata as a formidable enterprise player in the Asia Pacific region,” said Shantanu Srivastava, Senior Vice President and General Manager of International Growth Markets at Paxata. “In a very short period of time, we have built out a world class team, delivered an internationalized product, secured some of the world’s leading financial services customers, inked multiple market-making partnerships in South Korea and Japan, and expanded into Malaysia and Indonesia. We continue to prove that our international expansion strategy of starting Asia-first is a game changer for our market.”
Paxata pioneered the data preparation category with the release of the first enterprise grade, self-service data preparation platform powered by Paxata’s own columnar pipeline innovations on Spark with intelligence provided by numerous machine learning and natural language processing algorithms. The platform was built from the ground up to be entirely extensible and localized, making it much easier for Paxata to enter the Asian market.
Paxata also recently announced its fourth round of funding, with investments from leading investors in the Asia Pacific region including Singapore-based EDBI, Australia-based AirTree Ventures and Accel Partners, India.
At Paxata, we turn raw data into trustworthy information at the speed of thought. We provide an Adaptive Information Platform that enables business analysts with an enterprise-grade, self-service data preparation system to support the on-demand and ad-hoc business data needs for analytics, operations and regulatory requirements. Business analysts work within an intuitive, visual application to access, explore, shape, collaborate and publish data with clicks, not code, with complete governance and security. IT is able to support the scale of data volumes and variety, enterprise and cloud data sources, and business scenarios for immediate and repeatable data service needs. Built on Apache SparkTM and optimized to run in Apache HadoopTM, Paxata leverages automated artificial intelligence, elastic cloud architecture and distributed computing to deliver an immersive business consumer experience that automates the data-to-insight pipeline. The platform can be deployed both on-premises and in public, private or hybrid cloud environments.
Paxata Media Contacts: McCoin & Smith Communications Inc. [email protected] [email protected] +1-508-429-5988 +1-978-433-3304