WebRadar, a Brazil-based technology company offering a big data platform to improve operational efficiency for clients in the telecom, transportation, and energy sectors, announced at the end of October that it had raised an undisclosed amount of new equity financing led by software company Citrix, with participation from existing investor Intel Capital, Intel’s global investment and M&A organization.
WebRadar will use the proceeds of the financing to accelerate its international expansion and increase its research & development efforts.
Adriano da Rocha Lima, chief executive officer at WebRadar, said: “As a global business focused on the enterprise and communications sectors, Citrix is an ideal partner to help WebRadar take our innovative technology to North America, Europe, and Asia. We believe that Citrix will also be a great complement in our existing work with Intel and Intel Capital.”
Michael Cristinziano, vice president, strategic development, Citrix, said: “The market segment for Big Data and Operational Intelligence has great potential for growth within the technology industry. Webradar is a company that has consistently delivered proven innovation in this emerging market, as well as a high level of customer satisfaction.”