(PEHUB) Technology company WebRadar has secured a new round of equity financing led by Citrix, with participation from existing investor Intel Capital, Intel’s global investment and M&A organization. The investment marks the first for Citrix in both Brazil and Latin America.
WebRadar, a Brazilian company offering Big Data and Operational Intelligence solutions for the Telecom, Transportation, and Energy verticals today announced a new round of equity financing led by Citrix, with participation from existing investor Intel Capital, Intel’s global investment and M&A organization. The investment marks the first for Citrix in both Brazil and Latin America.
This announcement comes less than one month after WebRadar completed the acquisition of Brasil Telematics, a Brazilian company providing software solutions for fleet management.
WebRadar’s cloud-based Big Data Platform employs advanced algorithms and neural network-based software solutions to provide its customers greater operational efficiency, improved service quality, and to streamline operational and business decision making. Founded in 2008, the company already has customers in over 10 countries, with 60% of its current revenue being generated by exports. WebRadar, working with both Citrix and Intel Capital, will use the proceeds of this financing to accelerate its international expansion and increase its Research & Development efforts. “As a global business focused on the enterprise and communications sectors, Citrix is an ideal partner to help WebRadar take our innovative technology to North America, Europe, and Asia,” said Adriano da Rocha Lima, CEO at WebRadar. “We believe that Citrix will also be a great complement in our existing work with Intel Capital.”
WebRadar currently focuses on the Telecom, Energy, and Transportation segments, serving major clients such as Nokia, NII, Nextel, Telefônica, Oi, Schlumberger, and Luft Transportes. Currently, the company’s solutions monitor over 500 thousand customer assets, collecting and processing more than 800 million new pieces of data – generated by cellular networks, smart grids, and large vehicle fleets – on its servers hourly. This data is processed by WebRadar’s Big Data platform and delivered to customers in an intuitive, easy-to-understand format so that the information can be used quickly and efficiently to help make better informed decisions.
WebRadar’s Big Data and Operational Intelligence solutions are used for applications such as: Customer Experience Management (CEM), Automated Configuration of 2G, 3G, and 4G Mobile Networks (SON – Self-Organizing Network), performance management and optimization of mobile networks and mobile broadband, smart grid management and advanced, telemetry-based vehicle fleet management, among others.
“The market segment for Big Data and Operational Intelligence has great potential for growth within the technology industry. Webradar is a company that has consistently delivered proven innovation in this emerging market, as well as a high level of customer satisfaction,” said Michael Cristinziano, Vice President, Strategic Development, Citrix.
WebRadar was the winner of FINEP Innovation Award in 2013, the most important Brazilian instrument for encouraging and recognizing innovation, which offers a snapshot of the innovation process in the country.