- Intelligent decision platform provider QOMPLX announced it raised $78.6 million led by Cannae Holdings and Motive Partners
QOMPLX (formerly known as Fractal Industries) — an intelligent decision platform provider — announced it raised $78.6 million led by Cannae Holdings and Motive Partners. QOMPLX is going to use the growth capital to rapidly expand the company and accelerate growth. And Cannae Holdings Chairman William Foley II is joining QOMPLX’s Board of Directors in conjunction with the funding round.
How QOMPLX work? QOMPLX makes it faster and easier for organizations to integrate all of the disparate data sources across the enterprise into a unified analytics infrastructure to make better decisions. And this broader analytics infrastructure is provided through QOMPLX OS — which is an enterprise operating system that powers QOMPLX’s decision platforms in cybersecurity, insurance underwriting, and quantitative finance.
“QOMPLX is well-positioned for rapid growth as a mission-critical technology infrastructure company and I look forward to working with them in my new role,” said William Foley II — the Chairman of Cannae Holdings. “The company’s leadership has a long-term vision to help organizations see data and disparate systems not as a negative but as an opportunity to build competitive advantage. We believe this investment will strengthen and solidify QOMPLX’s market position as a committed partner to customers and leading provider in the rapidly growing data and analytics market.”
QOMPLX is going to use the funding round to support its continued expansion and innovation. And the new company name reflects its ability to solve complex real-world problems at scale.
“Enterprises are struggling with enormous volumes of data, in a myriad of different formats from an ever-increasing number of sources. QOMPLX’s analysis tools are designed to deliver a leading decision-making capability,” added Rob Heyvaert — the Managing Partner at Motive Partners. “We believe this is a highly complementary investment to Motive Partners’ portfolio, backing QOMPLX’s technology ecosystem and integration layer, and the firm’s focus on providing customers with a true data-driven experience and better decision-making. We look forward to working with Jason and the management team to grow this extraordinary business within our partner ecosystem and beyond.”
“This investment strengthens our ability to work with enterprises that are struggling to integrate many disparate point solutions into something that allows them to make better decisions,” explained QOMPLX CEO Jason Crabtree. “At QOMPLX we are focused on aiding clients in realizing the advantages of a unified analytics infrastructure that does data collection, ingestion, schematization, normalization, semantification, storage, analysis and even simulation with select purpose-built applications already available in cybersecurity, insurance, and quantitative finance.”
In Gartner’s Top 10 Data and Analytics Technology Trends That Will Change Your Business (published April 2019), it highlights the challenge that enterprises face. The report points out that the “size, complexity and distributed nature of data needed for increasingly closer to real-time and optimized decision making means that rigid architectures and tools are breaking down. This complexity is pushing the limits of current approaches, and is leading to unprecedented cycles of rapid innovation in data and analytics to meet the new requirements.”
“QOMPLX’s analytical capabilities made it possible for us to integrate disparate systems into a unified and comprehensive security view. The platform has enabled us to have a ‘single pane’ for converged and adaptive monitoring to protect our company in ways that would not be otherwise possible,” explained Brendan Welter — the SVP & Chief Security and Technology Officer at Sterling National Bank. “We’re able to rapidly scale the platform, while remaining agile to optimize our specific security and risk management needs. All the while continuing to add unique use-cases and take on new layers of complexity.”
RBC Capital Markets, LLC served as the financial advisor to QOMPLX in connection with the financing. And Morrison & Foerster LLP (MoFo) served as legal advisor. The MoFo deal team was led by Northern Virginia corporate partner Thomas J. Knox and associate Dan Kahan and included Northern Virginia corporate associate Erin Hoffert and San Francisco corporate associates Kate Tyler and Sara Uz.
