ParAccel
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| Subsidiary | |
| Industry |
Data Warehousing Enterprise Software Database Management Business Analytics |
| Founded | 2005 |
| Headquarters | Campbell and San Diego, California United States |
| Products | The ParAccel Analytic Platform ParAccel Base / Advanced Analytic Packages Informatica Adaptor for ParAccel |
| Parent | Actian |
| Website | www |
ParAccel, Inc. was a California-based software company. It provided a database management system designed for advanced analytics for business intelligence. ParAccel was acquired by Actian in April 2013.
ParAccel was a venture-backed company focused on developing software for data analysis. It acquired some intellectual property from the company XPrime, which ended operations in 2005. It was officially incorporated in February 2006, founded by Barry Zane who became chief technology officer, and was first funded by angel investors. In August 2006 the first series of venture capital came from Mohr Davidow Ventures, Bay Partners and Tao Venture Partners. In 2007 the company was based in San Diego, California, with an office in Ann Arbor, Michigan. David J. Ehrlich was chief executive, and Bruce Scott, vice president of engineering. In November 2007, a second round of $20 million included previous investors and was led by Walden Ventures. In December the company opened an office in Cupertino, California (part of Silicon Valley).
A third round of $22 million in June 2009 was led by Menlo Ventures. In January 2010 Mark Lockareff replaced Ehrlich as interim chief executive. In March 2010 the Wall Street Journal listed ParAccel in a list of venture backed companies that included Solyndra. A result from the TPC-H benchmark from the Transaction Processing Performance Council in April 2010 had record performance at 1 TB data size using VMware. Charles W. Berger was appointed chairman and CEO in September 2010.
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