Five Minute Briefing - Information Management
March 20, 2013
Five Minute Briefing - Information Management: March 20, 2013. A concise weekly report with key product news, market research and insight for data management professionals and IT executives.
Concurrent, Inc. announced that it has raised $4 million in Series A funding. This follows a $900,000 seed investment in August 2011. The company says that the new investment, led by True Ventures and Rembrandt Venture Partners, will be used to fuel product development, grow the core team and further deliver on the company's vision to simplify big data application development on Apache Hadoop. Concurrent also announced that Gary Nakamura has been named as its CEO.