[title]SAP invests in software company[/title]
SAP Ventures, the investment companyfirm of SAP, recently invested six million dollars in Alteryx, according to a report by the San Francisco Business Times.??Alteryx is a software company that sell its products to automotive, retail, commercial real estate, telecommunications and cable customers. Alteryx was originally founded in 1997 by Dean Stoecker, Olivia Duane Adams and Ned Harding.??SAP�s investment was made through its Ventures Fund I and also placed Jai Das on Alteryx�s board of directors, the article stated.??The company, maker of
SAP transactions, plans to respond to growing technology trends, including those within the enterprise resource planning market, according to a Computerworld report.??�If you want to actually start targeting your data onto those critical periods where you can make profits or avoid costs, the ability to use business intelligence to do that, and be precise about it, is really important,� Robert Courteau told Computerworld�s Jaikumar Vijayan.??One of the responses the company has made includes its solution HANA, which combines in-memory analytics and high-performance processing. The company plans to deploy the solution in SAP and non-SAP environments.
Extract: SAP Ventures, the investment firm of SAP, recently invested $6 million in Alteryx, according to a recent report by the San Francisco Business Times.