Black Tiger, a European leader in big data platforms, raises €14.5 million from Arcole and Finance&Invest.brussels to expand its Master Data Platform. This innovative platform simplifies data management, enables GDPR compliance, and provides companies with enhanced data control, supporting Black Tiger’s mission to drive business growth across Europe.
BLACK TIGER, leader in Master Data Platform, raises 14.5 million euros
Paris, February1, 2023 - Black Tiger, the French software publisher and European market leader in big data platforms, announces that it has raised 14.5 million euros from Arcole and Finance&Invest.brussels to finance its development.
In 2015, Black Tiger created the first "Master Data Platform", an innovative technology that allows for the simplification and absolute control of data throughout its life cycle.
This platform enables companies to collect, store, intelligently exploit and efficiently use all types of data, improving the technical and business user experience, and ultimately enabling them to increase their revenue.
"Plug & play" and agnostic, the platform addresses the challenges of RGPD compliance in a unique and innovative way. It natively embeds in its technology the competence of data experts. It has the ability to process data from any source and to make Data Virtualization effective.
This €14.5 million investment will enable Black Tiger to continue its innovation projects to further develop and improve its technologies and strengthen its position on the European market.
" We are delighted with the investments made byArcole and Finance&Invest.brussels and we thank them for their confidence in our company and our technology. The Black Tiger Group is delighted to be able to offer its clients ever more innovative and effective solutions for managing their data. The Master Data Platform is an indispensable technology for companies wishing to remain competitive in a constantly evolving market", says Anne-Tania Desmettre, CEO of Black Tiger Group.
" Arcole supports French SMEs and ETIs with high potential. Black Tiger has demonstrated the relevance of its Master Data Platform to enable companies to control 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," commented Delphine Inesta and Renaud Sueur, Managing Partners of Arcole.
"Black Tiger offers an innovative solution for data analysis and a guarantee of GDPR compliance, thus responding to the digital transition challenge faced by many companies. Aware that the global market for 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 R&D hub in the Brussels region," say Pierre Hermant, CEO and Christine Hick, Investment Manager at Finance&Invest.brussels.
KEY FIGURES OF THE DATA MARKET:
- 40% increase in data volume each year
- 90% of the data generated in the world has been generated in the last 2 years (https://www.consultant.borisfoucaud.com/big-data-avenir-marketing)
- The Big Data market is expected to grow at 12.8% per year by 2025 (https://www.epsi.fr/big-data-tendances/)
- Enterprise spending on Big Data and data analytics has been estimated at €190 billion worldwide and is expected to grow by 13% annually by 2026 (https://fr.euronews.com/next/2022/01/05/big-data-les-entreprises-jonglent-entre-croissance-et-protection-des-donnees)
About BLACK TIGER: Present in France, Belgium, Poland and Canada, the Black Tiger group has generated 28 M€ of turnover in 2021. More than 250 customers trust the company in various 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 the number GP20225, owned by its partners. Arcole manages funds that support French SMEs and ETIs with high growth potential and sales of between €20 and €250 million.
Arcole was founded by the former directors of the investment holding company Arcole Industries, a historical player in the French investment market since 2009. www. arcole.com
About FINANCE&INVEST.BRUSSELS : Finance&Invest.brussels is a public limited company whose objective is to facilitate and complete the financing chain of value-creating companies in the Brussels Region. www. finance.brussels
