Big Data Analytics Startup Gainsight Gets New CEO, Raises $9 Million11:20 AM EST Thu. Apr. 18, 2013
Gainsight, a developer of predictive analytics software, raised $9 million in Series A funding this week from investors led by Battery Ventures. The company also said that Nick Mehta, previously CEO of email archiving company LiveOffice, is GainSight's new CEO.
Founder Jim Eberlin is now president and will focus on product strategy and sales development, the company said. The Gainsight name is a change from the company's original name, JBara Software.
Gainsight will use the funding to accelerate its product development work and "drive its aggressive go-to-market strategy," the company said in a statement.
[Related: The 2013 Big Data 100]
Mountain View, Calif.-based GainSight develops predictive analytics software that's integrated with Salesforce.com's CRM applications. The tools help businesses analyze customer data for customer retention, and identify cross-sell and upsell opportunities.
Symantec acquired LiveOffice last year for $115 million.
PUBLISHED APRIL 18, 2013