Small time analytics isn’t really as startup-y as people may think anymore. These companies are in high demand and are pulling in some serious cash. We discovered just how much and how serious from a recent Cambridge Science Park article, “Cambridge Text Analytics Linguamatics Hits $10m in Sales.”
According to the story:
Linguamatics’ sales showed strong growth and exceeded ten million dollars in 2013, it was announced today – outperforming the company’s targeted growth and expected sales figures. The increased sales came from a boost in new customers and increased software licenses to existing customers in the pharmaceutical and healthcare sectors. This included 130 per cent growth in healthcare sales plus increased sales in professional services.
This earning potential has clearly grabbed the attention of investors. This, is feeding a cycle of growth, which is why the Linguamaticses of the world can rake in impressive numbers. Just the other day, for example, Tech Circle reported on a microscopic Mumbai big data company that landed $3m in investments. They say it takes money to make money and right now, the world of big data analytics has that cycle down pat. It won’t last forever, but it’s fun to watch as it does.
Patrick Roland, April 22, 2014