NEW YORK and ERFURT,
Germany, December 11, 2012 /PRNewswire/ --
Q-Sensei Corp., the next-generation search technology company,
announced today that it has secured new investment funding led by
Verizon Ventures, a strategic venture capital subsidiary of Verizon
Communications, and that includes follow-on funding from bm-t
beteiligungsmanagement Thüringen GmbH, the private equity and
venture capital arm of Germany's
Thüringer Aufbaubank, and certain private angel investors.
Also, Richard N. Nottenburg, PhD,
an accomplished technology and communications executive, joined
Q-Sensei's board. Dr. Nottenburg, former CEO of Sonus
Networks and Chief Strategy officer of Motorola Solutions, Inc.
(NYSE:MSI) (formerly known as Motorola, Inc., "Motorola"),
currently serves as a member of the board of directors of Aeroflex
Holding Corp. (NYSE:ARX) and PMC-Sierra, Inc. (NASDAQ:PMCS).
"We are setting forth on a new stage of growth and development
and we are excited to have the strategic backing of Verizon
Ventures," said Ute Rother, CEO of
Q-Sensei. "Also, Dr. Nottenburg's broad expertise in guiding
innovative technology companies and his depth of influence across
multiple industries strengthen our plans to address businesses'
information-search needs in numerous sectors."
"We, at Verizon Ventures, continually seek to invest in
promising companies whose technologies complement Verizon's
networks, service platforms and distribution channels," said
Mark Smith, Executive Director of
Verizon Ventures. "We look forward to working with
Q-Sensei, whose award-winning enterprise platform is changing
not only the way people search for information for better
decision-making but also the way businesses develop search-based
applications to leverage the wealth of data for various business
scenarios."
"The next frontier in technology will be harnessing the value of
Big Data and Q-Sensei's enterprise platform for search, discovery
and analytics applies to a variety of industries from
communications to healthcare and finance," said Dr. Nottenburg.
"I am excited to join the board and help Q-Sensei."
About Verizon Ventures
Verizon Ventures invests in promising entrepreneurial companies
to help drive innovation for Verizon Communications Inc.
Verizon Ventures' portfolio focuses on new products,
technologies, applications and services that complement Verizon's
networks, service platforms and distribution channels. Deal size
ranges from seed capital to $5
million, depending on needs and opportunities. Verizon
Ventures often arranges investments with other venture firms and
strategic partners.
About Q-Sensei
Q-Sensei delivers powerful multi-dimensional search technology
-- including an all-encompassing search, discovery and analytics
platform and search-based applications -- to explore, control and
leverage the wealth of data. Q-Sensei's enterprise platform
was noted as a "Trend-Setting Product of 2012" by KMWorld Magazine
and the company was awarded an IT Innovations Award
(Innovationspreis-IT) at CeBit in March 2012. It was recognized as an
"Innovative Business Analytics Company to Watch under $100M in 2011" by IDC and received the "2011
North American Enterprise Search New Product Innovation Award" from
Frost & Sullivan. Q-Sensei was founded in 2007 and its
search and presentation engine is protected by U.S. Patents
7,080,059 and 7,680,777. More information can be found at
http://www.qsensei.com.
Media Contact:
Catherine Colton
Q-Sensei
+1-718-596-7509
catherine@qsensei.com
André Wiebel
Q-Sensei
+49-361-660-112-20
andre@qsensei.com
SOURCE Q-Sensei Corp