Credit Suisse Asset Management has made a strategic investment in privately owned data big data provider Koverse.
The companies have not yet disclosed any financial terms of the transaction. Koverse intends to use the funds to expand its team and product offerings.
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Set up in 2012, the technology provider supports data consolidation, indexing, and searches, at quick speeds, with inbuilt governance and security capabilities.
The company currently offers a range of solutions such as threat detection, advanced customer analytics, real-time situational awareness, data silo consolidation, as well as fast-track analytical applications development.
Koverse president and CEO Jon Matsuo said: "Organizations that need data-driven results now, are underserved. Credit Suisse, first as a customer and now as an investor, has greatly accelerated Koverse’s development and impact in areas critical to enterprise operations."
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