BLACK TIGER, the Master Data Platform leader, raises €14.5M
Paris, 1st February 2023 – Black Tiger, the French software publisher and leader in the European market for big data platforms, announces that it has raised €14.5M from Arcole and Finance&Invest.brussels to finance its development.
As early as 2015, Black Tiger created the first “Master Data Platform” – an innovative technology allowing the simplification and absolute control of data throughout its life cycle.
This platform allows companies to collect, store, intelligently exploit and effectively use all types of data, thus improving the technical and business user experience, to enable them, ultimately, to increase their productivity.
Plug & play and agnostic, the platform addresses GDPR compliance issues in a unique and innovative way. It natively embeds the skills of data experts within its technology and has the ability to process data from any type of source, making Data Virtualization effective.
This investment of €14.5M allows Black Tiger to pursue its innovation projects to further develop and improve its technologies, as well as strengthening its position on the European market.
“We are delighted with the investments from Arcole and Finance&Invest.brussels, whom we thank for their confidence in our company and our technology. The Black Tiger group is delighted to be able to offer its customers ever more innovative and efficient solutions to manage their data. The Master Data Platform is an indispensable technology for companies wishing to remain competitive in an ever-changing market.” Anne-Tania Desmettre, CEO of Black Tiger Group.
“Arcole supports high-potential French SMEs. Black Tiger has demonstrated the relevance of its Master Data Platform to enable companies to master the management of their data. We share the strategic vision of its management team and are confident in its ability to carry out its development projects in France and internationally.” Delphine Inesta and Renaud Sueur, Managing Partners of Arcole.
“Black Tiger offers an innovative solution in terms of data analysis and the guarantee of GDPR compliance, thus responding to the challenge of digital transition faced by many companies. Aware that the global market relating to big data & analytics is still growing, we were also convinced by the expertise of the management, the quality of the tool, and the prospects for Black Tiger as a new hub in research and development in the Brussels region.” stated Pierre Hermant, CEO and Christine Hick, Investment Manager at Finance&Invest.brussels
KEY MARKET DATA FIGURES:
- 40% increase in data volume each year
- 90% of data generated worldwide has been generated solely in the last 2 years (https://www.uschamberfoundation.org/bhq/big-data-and-what-it-means)
- The Big Data market is expected to grow by 12.8% per year by 2025 (https://www.idc.com/getdoc.jsp?containerId=prUS48165721)
- Business spending on Big Data and data analysis has been estimated at €190 billion worldwide and is expected to grow by 13% per year by 2026 (https://www.euronews.com/next/2022/01/05/the-sky-s-the-limit-the-rise-of-the-cloud)
About BLACK TIGER: Present in France, Belgium, Poland and Canada, the Black Tiger group generated €28 million in sales in 2021. More than 250 customers trust in its various business sectors such as retail, automotive, FMCG, leisure, tourism, insurance, charity, energy… www.blacktiger.tech
About ARCOLE: Arcole is an independent management company approved by the AMF under registration number GP20225 and owned by its partners. Arcole manages funds that support French SMEs with strong growth potential and which generate between €20M and €250M in sales.
Arcole was founded by the former managers of the investment holding company Arcole Industries, a historical player in investment in France since 2009. www.arcole.com
About FINANCE&INVEST.BRUSSELS : Finance&Invest.brussels is a private equity / venture capital firm whose objective is to facilitate and complete the financing chain for value creating companies in the Brussels region. www.finance.brussels