RapidMiner Appoints Mark Baltier as CFO
Expansion of Leadership Team Illustrates Company Momentum and Opportunity for Predictive Analytics
BOSTON, MA--(Marketwired - Jun 16, 2014) - Pioneering predictive analytics leader RapidMiner today announced it has appointed Mark Baltier as chief financial officer. Baltier brings nearly three decades of experience and will be responsible for overseeing the financial and contract administration functions at RapidMiner. In this role, he will be responsible for guiding strategies to secure financial capital, optimizing financial processes, and analyzing and negotiating new business opportunities.
"Mark's appointment is further evidence of the critical mass that RapidMiner is achieving as a company. His experience in capital markets, specifically within the software industry, brings a wealth of knowledge that will allow RapidMiner to continue to accelerate our market momentum," said Ingo Mierswa, co-founder and CEO of RapidMiner. "Mark is an industry veteran and offers domain expertise that will ensure our financial systems and approach to capital markets and opportunities will match our analytics expertise."
With more than 25 years of experience, Baltier is a veteran of computer software and technology industries. Most recently he was chief financial officer of Gizmox, a leader in the HTML5 mobile application space. Previously, he was the chief financial officer for StreamBase Systems, a leader in complex event processing (CEP) that was acquired by TIBCO. Baltier has also served as the CFO of XyEnterprise, Reef Point Systems and Phonetic Systems. During his tenure as CFO of venture backed technology companies, Baltier has secured more than $100 million in debt and equity financing across all stages of funding, enabling runways for value creation. His earlier experiences also include key leadership positions at Voicetek, Concord Data Systems and Advanced Video Products.
RapidMiner is one of the most widely known and used advanced analytics platforms, providing powerful software that helps organizations in a range of industries turn data into actionable output. Specifically, the company helps organizations in industries such as manufacturing, financial services, telecommunications and life sciences decrease churn, reduce fraud, and identify top customer prospects and much more.
"I've been at companies that have had great potential for market expansion -- but none that offer the tremendous opportunity that RapidMiner presents," said Baltier. "The growth rate in the analytics market is well beyond the industry norm for software and services, and RapidMiner has been consistently outperforming it. I'm extremely excited to be joining a company that I believe has a broad and bold opportunity before it."
RapidMiner is a recognized leader in advanced and predictive analytics. The company was positioned by Gartner, Inc. in the Leaders quadrant of the first "Gartner Magic Quadrant for Advanced Analytics Platforms," published February 19, 2014.1 The report is available at http://rapidminer.com/leader-gartners-magic-quadrant-advanced-analytics/.
About RapidMiner Pioneering predictive analytics leader RapidMiner is redefining how business analysts use all kinds of data, including big data, to predict the future. With an open source heritage, RapidMiner is one of today's most widely known and used analytics platforms, providing powerful solutions for a wide variety of industries. For more information, visit www.rapidminer.com.
About the Magic Quadrant Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
1 Gartner "Magic Quadrant for Advanced Analytics Platforms," by Gareth Herschel, Alexander Linden, and Lisa Kart, February 19, 2014
Media Contact: Mariah Torpey Email Contact +1 781-418-2404
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