On behalf of the Algorithms.io team, I’m pleased to announce that LumenData, a leader in the Master Data Management (MDM) and Data Strategy space, has acquired Algorithms.io. LumenData’s solutions are used by dozens of enterprises to address the difficult problems of data integration, cleansing, and maintenance. The company’s MDM software aggregates data across the enterprise into a “single-source of truth” that customers can rely on to effectively run their business.
We founded Algorithms.io to help companies use data generated by connected devices to identify insights and products. As adoption of our cloud machine learning platform has grown, we’ve come to realize that expertise in data strategy and integration is an integral part of providing larger, more meaningful solutions. The days of Big Data are still young, and while the market has been flooded with new technologies, companies still need a trusted advisor to help them understand what data to use and how to best assemble it in order to get the most value from analytics. By combining LumenData’s expertise in overall data strategy and our powerful cloud platform, we are positioned well to work with our collective customers from initial concept through production deployment.
We would like to thank all of our customers, partners and advisors who have supported us over the past two years. We’re thrilled to begin this next chapter of our journey and look forward to continuing providing innovative solutions for companies looking to transform streaming data into business value.
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