Data management and analytics platform SSB has received a majority investment from Strattam Capital.
The undisclosed investment will be made alongside SSB’s senior partners and its new CEO Mike Banville. US-based SSB offers a central intelligence platform that integrates data across a mix of different sources to help provide analytics for decision making and diving revenue.
Through the technology, clients are able to get a real-time look at the health of the business and receive support for reporting and decision making. Automation solutions help clients to speed up data cleaning and provide analytics and reports on the information.
SSB is a used across a range of industries including financial services, oil and gas, travel, sports, education, entertainment, retail and healthcare, among others.
This equity injection will be used to accelerate development of its central intelligence platform and keep up with the customer demand.
Mike Banville said, “SSB has a strong and growing position in its core markets. The company has established itself as a trusted partner to its customers with deep expertise in data management in professional and collegiate sports, as well as in higher education and other verticals.”
Banville will join the company to ensure continuity and strategic growth. Prior to this position, he served in senior leadership roles in HIS Technology where he set strategic direction, manage the division’s financial performance and oversaw commercial activities.
The fundraisie comes just months ahead of the EU’s General Data Protection Regulation (GDPR), which is implemented on 25 May 2018, superseding the UK Data Protection Act 1998.
The regulation expands the rights of individuals to control how their personal information is collected and processed, and places a range of new obligations on organisations to be more accountable for data protection.
GDPR applies to personal data, i.e. any information that can directly or indirectly identify a natural person, and can be in any format. The Regulation places much stronger controls on the processing of special categories of personal data, including the inclusion of genetic and biometric data is new. It applies to all EU organisations – whether commercial business, charity or public authority – that collect, store or process the personal data of individuals residing in the EU, even if they’re not EU citizens.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
