Bangalore: The modern data management and data driven applications company, Reltio officially entered the market and raised $10 million from Crosslink Capital and 406 Ventures in its Series A funding. In addition, the company also launched Reltio Cloud – an enterprise class data-driven application – which was unveiled by master data management (MDM) veterans in order to meet healthcare, life sciences and other complex industry challenges. The platform helps the businesses gain competitive edge by giving significant advance from existing MDM, BI, big data analytics and packaged applications.
Founded in 2011 by Manish Sood – a revolutionary MDM patent holder and industry veteran – Reltio delivers reliable data, relevant insights and recommended actions faster. Reltio Cloud combines data-driven applications with modern data management for better planning, customer engagement and risk management. IT streamlines data management for a complete view across all sources and formats at scale, while sales, marketing and compliance teams use data-driven applications to predict, collaborate and respond to opportunities in real-time.
Today, companies of all sizes, including leading Fortune 500 companies in healthcare & life sciences, distribution and retail rely on Reltio. The company already has several marquee customers and industry data & solution partners. It has also been named a 'Gartner Cool Vendor' in 2014.
Speaking about the Company, Manish Sood, Founder & CEO, Reltio says, “Data is the new natural resource, but it’s truly valuable only when it’s effectively mined, related and transformed into insight with business actions that can be taken within the context of day-to-day operations”.
He also added, “With Reltio, data is collated and analyzed for actionable intelligence with the speed needed to support innovation and spark new revenue streams. IT gets a modern data management platform, while business users get easy to use data-driven applications to address their everyday needs”.
Further speaking about the latest investment, Manish noted, “Our unique approach and value proposition received significant interest from the venture community. Crosslink Capital and 406 Ventures make the perfect partners as they share and support our vision, and we look forward to collaborate with them as part of their portfolio of innovators”.
Data Driven Innovation
Designed for a generation of business users accustomed to the ease of LinkedIn and Facebook, Reltio offers a new breed of enterprise data-driven applications that combine operational and analytical capabilities to manage and act on a complete view of relationships between people, products, places and activities. To accomplish this, Reltio seamlessly fuses multiple data types including multi-domain master data, transaction and interaction data, third-party assets, and public & social data.
Industry Specific Data-driven Applications
Data-driven applications are available directly through Reltio, and partners such as ZS Associates, Cognizant and HighPoint Solutions. Industry cloud-based applications can easily be configured to meet the specific needs of particular verticals.
The unique challenges faced by healthcare and life sciences companies make Reltio data-driven applications ideal for key account management, affiliation management, HCP/HCO management, product data intelligence, plan and payer management, key opinion leader and clinical trial investigator management.