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i360 Ventures Bets on DataRPM & Data Analytics

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DataRPM announces angel investment by i360 Ventures. Haresh Bhungalia, a principal with i360 Ventures and serial entrepreneur will join the DataRPM Board of Directors matching his entrepreneurial drive and passion with the vision and culture of DataRPM.

Fairfax, VA (PRWEB) October 31, 2012

DataRPM announces angel investment by i360 Ventures. Haresh Bhungalia, a principal with i360 Ventures and serial entrepreneur will join the DataRPM Board of Directors matching his entrepreneurial drive and passion with the vision and culture of DataRPM.

Bhungalia, founder of 2020 Company, LLC,played key roles in applying his pragmatic management style to successful enterprise growth throughout his career. He built the company without outside investment into 650 individual organizations before negotiating its sale to Acentia, LLC, a Snow Phipps Group portfolio company in March 2012. i360 Ventures is an early stage investor in Brandify, BetterWeekdays, Violin Memory, Ferrate Treatment Technologies, HUMIN, Atyanta Investment Group, LLC, and Stafford Investments, LLC. He served as an advisor to DataRPM since its start in January, as the company progressed from alpha to beta to market-ready in last 10 months.

“We are in the hyper growth mode from customer acquisition to employees, this investment will allows us to continue fuel our R&D efforts and scale our Channel Partner program” said Sundeep Sanghavi, Co-founder and CEO of DataRPM. “Haresh will add tremendous value as he brings hands on insights of building a hyper growth company and seeing it to a successful exit ”

The company came out of the stealth mode in June of this year and won the Tech Cocktail Hottest Showcasing Startup in DC in August and has significantly increased its client base and its reach into the market month over month.

“This is a company comprised of serial entrepreneurs and technologists with a proven record but what excites me the most is DataRPM's disruptive BI & Analytics platform,” said Bhungalia. “I look forward to working with the DataRPM team and helping them take this product to the Independent Software Vendors, SaaS and IaaS providers, Service Integrators, who are screaming for a simple, flexible, and an affordable BI & Analytics solution.”

About DataRPM
DataRPM delivers a new self-service analytics experience in a cloud-optimized platform through a disruptive solution called “Instant Analytics.” Instant Analytics is the industry's only self-service plug and play solution that can go live in less than 30 days for volume, variety, and velocity of structured and unstructured data – a comprehensive solution that delivers significant value for independent software vendors of any size. DataRPM 's Instant Analytics technology enables a customer to mashup and slice and dice data from any source, build ad hoc reports and dynamic dashboards, and collaborate among stakeholders to make informed decisions. DataRPM is founded by serial entrepreneurs and technologists and possesses a superb customer adoption rate and won the Hottest Startup Showcasing in DC from Tech.Co in August 2012. For more information, visit http://DataRPM.com

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/10/prweb10066537.htm

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