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Press ReleaseJanuary 23, 2007 Response Analytics, Inc. Raises $4.25 MillionCompany the Leader in Advanced Optimization Analytic Software for Financial Services CompaniesFunds Will Drive Continued Expansion of the Next Generation Technology for Optimizing Customer Demand
SCOTTSDALE, Ariz.--(BUSINESS WIRE) - Response Analytics, Inc., a software and services provider which leverages the power of advanced analytics to optimize customer demand for financial services companies, announced it has completed its latest round of funding at $4.25 million. These funds will be used to build on the initial funding used to develop the Company’s software application and will accelerate market expansion and business development. New investors include RWI Ventures and Peninsula Equity Partners. According to Donald A. Lucas, General Partner of RWI Ventures, “Response Analytics is a proven team. They have already made significant progress and are working with many top financial services firms that want to leverage the power of advanced analytics to drive their growth. As pioneers of these types of solutions, they bring a unique perspective and first-hand knowledge of the problems financial services firms are facing and the limitations of the available solutions.” According to Brent Lippman CEO of Response Analytics, Inc, “We are honored to have investors like RWI Ventures and Peninsula Equity as our partners in this venture. Each provides a keen perspective on business that will benefit the growth and development of Response Analytics and its customers.” According to Brian Smith, General Partner of Peninsula Equity Partners, “By concentrating on financial services, Response Analytics can bring to the financial services market some of the same demand optimization benefits enjoyed by other industries. This management team has a successful track record and has a deep understanding of the financial services industry. They have what it takes to drive marketing analytics for the financial services industry to the next level.” Investors |
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