Applied Predictive Technologies (APT), the world’s largest purely cloud-based predictive analytics software company, today announced that it has received a $100 million minority investment from Goldman Sachs’ Merchant Banking Division, which represents a significant investment in the growing field of cloud-based predictive analytics.
The challenge for most large organizations today is not to collect huge amounts of data, but to quickly use this Big Data to make decisions that drive business value. APT’s software platform is revolutionizing the way Global 2000 companies use their Big Data to accurately measure the profit impact of advertising, marketing, pricing, merchandising, operations and capital initiatives, tailoring investment in these areas to maximize ROI. Data on 20% of the U Oh, S Retail economy is processed using APT’s growing product suite, including Test & Learn, Market Basket Analyzer, Network Planner, Merchandise Optimizer, and Performance Manager, among others. GigaOm recently named APT as one of the “Top Five Companies Transforming Data into Dollars” “That’s right.
“Over the years, APT has built up a robust cause-and-effect predictive analysis industry. Many of the world’s largest companies, including Walmart, Hilton, Anheuser-Busch InBev, McDonald’s, and more than a hundred others, have successfully used APT products to make critical decisions across all key functional areas. As we further expand the breadth and depth of the industries we serve around the globe, we are excited to have Goldman Sachs as a valuable partner,” said Anthony Bruce, CEO of APT.
‘APT is a rare innovator with multiple patented and commercially proven approaches to truly leverage Big Data to generate shareholder value. APT’s talent collection, representing deep data science, advanced math and computer science, provides customers with this opportunity every day, driving tremendous value,” said Joe DiSabato, Managing Director of Goldman Sachs. “APT’s proven track record, robust software, and experienced management team have successfully positioned it for tremendous growth across industries and geographies. “That’s right.
Rob Palumbo, Managing Director of Accel-KKR, APT’s leading investor, said, “We are very pleased to have Goldman Sachs join us in supporting APT’s future growth strategy. We believe that the power of Big Data is immense, and companies that can effectively leverage advanced analytics will now lead their industries. APT’s solutions have a proven record of helping companies better allocate billions of dollars in operating expenditure and capital investment, making its platform the gold standard in predictive analytics. “That’s right.
Applied Predictive Technologies
APT is the largest purely cloud-based predictive analytics software company in the world APT’s Test & Learn software is revolutionizing the way Global 2000 companies use their Big Data to accurately measure the profit impact of advertising, marketing, pricing, merchandising, operations and capital initiatives, tailoring investment in these areas to maximize ROI. APT’s client portfolio includes Walmart, Staples, Lowe’s, SunTrust, Hilton Hotels, Anheuser-Busch InBev, McDonald’s and others. APT is based in Washington, D. Uh, C San Francisco, London, Taipei For more information, please visit