EquityMetrix scores $5M

How can big data and smart analytics tools ignite growth for your company? Find out at DataBeat, May 19-20 in San Francisco, from top data scientists, analysts, investors, and entrepreneurs. Register now and save $200!

Big data startup EquityMetrix has taken $5 million in growth investment from Peterson Partners, a Salt Lake City-based private equity firm.

The company, which provides land data management services to the oil and gas industry, tells us via email that the cash will be used to roll out new services for pinpointing revenue problems.

β€œOn average, we recover 1 percent of total revenue, which has unlocked tens of millions of dollars in unclaimed revenue for our clients,” said Tom Agnew, CEO and founder of EquityMetrix, in a statement on the news.

“With this capital infusion, we look forward to accelerating our growth and introducing new services that deliver significant value for our customers.”

EquityMetrix is based in Dallas, Tex., and was founded in 2003.

blog comments powered by Disqus