Appoints Dr. Richard Nottenburg to its Board of Directors
NEW YORK AND ERFURT, Germany, Dec. 11, 2012 /CNW/ - Q-Sensei Corp., the
next-generation search technology company, announced today that it has
secured new investment funding led by Verizon Ventures, a strategic
venture capital subsidiary of Verizon Communications, and that includes
follow-on funding from bm-t beteiligungsmanagement Thüringen GmbH, the
private equity and venture capital arm of Germany's Thüringer
Aufbaubank, and certain private angel investors.
Also, Richard N. Nottenburg, PhD, an accomplished technology and
communications executive, joined Q-Sensei's board. Dr. Nottenburg,
former CEO of Sonus Networks and Chief Strategy officer of Motorola
Solutions, Inc. (NYSE: MSI) (formerly known as Motorola, Inc.,
"Motorola"), currently serves as a member of the board of directors of
Aeroflex Holding Corp. (NYSE: ARX) and PMC-Sierra, Inc. (NASDAQ: PMCS).
"We are setting forth on a new stage of growth and development and we
are excited to have the strategic backing of Verizon Ventures," said
Ute Rother, CEO of Q-Sensei. "Also, Dr. Nottenburg's broad expertise
in guiding innovative technology companies and his depth of influence
across multiple industries strengthen our plans to address businesses'
information-search needs in numerous sectors."
"We, at Verizon Ventures, continually seek to invest in promising
companies whose technologies complement Verizon's networks, service
platforms and distribution channels," said Mark Smith, Executive
Director of Verizon Ventures. "We look forward to working with
Q-Sensei, whose award-winning enterprise platform is changing not only
the way people search for information for better decision-making but
also the way businesses develop search-based applications to leverage
the wealth of data for various business scenarios."
"The next frontier in technology will be harnessing the value of Big
Data and Q-Sensei's enterprise platform for search, discovery and
analytics applies to a variety of industries from communications to
healthcare and finance," said Dr. Nottenburg. "I am excited to join
the board and help Q-Sensei."
About Verizon Ventures
Verizon Ventures invests in promising entrepreneurial companies to help
drive innovation for Verizon Communications Inc. Verizon Ventures'
portfolio focuses on new products, technologies, applications and
services that complement Verizon's networks, service platforms and
distribution channels. Deal size ranges from seed capital to $5
million, depending on needs and opportunities. Verizon Ventures often
arranges investments with other venture firms and strategic partners.
Q-Sensei delivers powerful multi-dimensional search technology --
including an all-encompassing search, discovery and analytics platform
and search-based applications -- to explore, control and leverage the
wealth of data. Q-Sensei's enterprise platform was noted as a
"Trend-Setting Product of 2012" by KMWorld Magazine and the company was
awarded an IT Innovations Award (Innovationspreis-IT) at CeBit in March 2012. It was recognized as an "Innovative Business
Analytics Company to Watch under $100M in 2011" by IDC and received the
"2011 North American Enterprise Search New Product Innovation Award"
from Frost & Sullivan. Q-Sensei was founded in 2007 and its search and
presentation engine is protected by U.S. Patents 7,080,059 and
7,680,777. More information can be found at http://www.qsensei.com.
SOURCE: Q-Sensei Corp
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