HomeFinland-StartupsHelsinki-based MultiTaction raises €7 million in growth capital for its big data...

Helsinki-based MultiTaction raises €7 million in growth capital for its big data visualisation solution

MultiTaction, a leading provider of advanced visualisation solutions, today announced that it has secured €7million of additional growth capital from Harbert European Growth Capital Fund (HEGCF).

In the last financial year, MultiTaction has significantly grown its business at a Compound Annual Growth Rate of 50%. Building on this momentum, MultiTaction will use the funding to further accelerate growth of its MT Canvus software platform for real-time collaboration and big data analytics.

Founded in 2007, MultiTaction isn’t exactly a startup anymore, but their innovative platform offers a completely unique solution for all kinds of organisations that are struggling today to leverage the vast sums invested in taming big data challenges. The investment will help MultiTaction to accelerate the further growth with particular emphasis on markets in Asia, Germany and the UK. Current investments in research and development will be expanded in order to speed time to market on new software developments along with market entry into key verticals such as medical technology and security.

MT Canvus can sit on top of both the ultra-responsive MultiTaction interactive video wall technology as well as other touch devices. The solution is used by organisations globally in more than 50 countries and leveraged by some of the world’s leading corporate brands to gain operational insights from their big data investments through collaborative analytics; to engage clients by showcasing their solutions through an interactive platform and to increase productivity through socialising and educating staff on new operations, processes and products.

Pete Malcolm, CEO of MultiTaction stated: “According to leading industry analysts over 80% of big data projects will fail next year and we believe that we have the solution to help organisations gain real-time insights from their big data. Harbert’s investment will help us reach into new market segments and accelerate delivery of new software solutions. We are delighted to be working with Harbert.”

Check out the video below to get a better idea for what MultiTaction and its MT Canvus software actually does:

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

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