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Mark Madsen

Open source is becoming a required option for consideration in many enterprise software evaluations, and business intelligence (BI) isn't exempt. This blog is the interactive part of my Open Source expert channel for the Business Intelligence Network where you can suggest and discuss news and events. The focus is on open source as it relates to analytics, business intelligence, data integration and data warehousing. If you would like to suggest an article or link, send an e-mail to me at open_source_links@ThirdNature.net.

About the author >

Mark, President of Third Nature, is a former CTO and CIO with experience working in both IT and vendors, including a stint at a company used as a Harvard Business School case study. Over the past decade, Mark has received awards for his work in data warehousing, business intelligence and data integration from the American Productivity & Quality Center, the Smithsonian Institute and TDWI. He is co-author of Clickstream Data Warehousing and lectures and writes about data integration, business intelligence and emerging technology.

Pentaho announced yesterday that they closed $12 million in series C funding. They plan to use the money to continue expansion and product development. The company has been doing pretty well, going by the partnership and customer announcements over the past six months. Obviously the VC think the business is good enough to continue investing in its growth, a good sign for other commercial open source companies in this market.

If you aren't familiar with Pentaho, they provide open source ETL, business intelligence and related software. They've been working on an open source alternative to BI platforms like those offered by Business Objects and Cognos, er, I mean SAP and IBM.

The investors this round are Benchmark Capital, New Enterprise Associates and Index Ventures, in case you were wondering.

Posted February 22, 2008 2:08 PM
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