Partnership Enables Scalable Analytics Engineering and AI
Solutions for Private Equity Portfolio Companies
CHICAGO, July 11, 2024 /PRNewswire/ -- Teragonia, a
leading provider of analytics engineering and artificial
intelligence (AI) solutions exclusively designed for private equity
(PE) portfolio value creation, announced it has achieved Select
Tier partner status from Snowflake, the AI Data Cloud company. As a
Select Tier partner, Teragonia will be able to deliver a one-stop
solution for PE portfolio companies focusing on data-driven
strategies.
![Teragonia Inc. provides digital capabilities to financial sponsors as a managed service. The company creates curated digital solutions at the intersection of business knowledge, technology, and quantitative techniques to provide clarity and focus for private market investors and operators. For more information, visit https://teragonia.com/. (PRNewsfoto/Teragonia Inc.) Teragonia Inc. provides digital capabilities to financial sponsors as a managed service. The company creates curated digital solutions at the intersection of business knowledge, technology, and quantitative techniques to provide clarity and focus for private market investors and operators. For more information, visit https://teragonia.com/. (PRNewsfoto/Teragonia Inc.)](https://mma.prnewswire.com/media/2216309/Teragonia_Wide_Dark_Logo.jpg)
Data fidelity is a common challenge for PE portfolio companies.
It directly impacts their ability to scale and increase value
within tight timelines. Frequent acquisitions add further friction
in the value creation process. Companies often attempt to solve
this issue with time-consuming and expensive IT transformations.
Without a customized, easy-to-use solution supported by updated
processes and reliable data, these projects often fail. Teragonia's
Decision Intelligence System, Powered by Snowflake, ensures high
data fidelity from a single source of truth and fuels accelerated
growth through AI-powered, real-time, data-driven decision
making.
"The sophistication, scalability, and security of Snowflake's
platform combined with Teragonia's talent and expertise in
business, data science, and technology make this partnership a
powerful combination for enhanced value creation within PE
portfolio companies," said Thomas Thayyil
Thomas, chief executive officer and co-founder of Teragonia.
"Snowflake and Teragonia share an unrelenting commitment to
excellence, innovation, and customer service. By revolutionizing
how PE investors and operators create value through analytics and
AI, this partnership helps our clients quickly realize a
significant increase in EBITDA."
Teragonia translates PE value creation strategies into analytics
frameworks and AI solutions that operationalize the insights,
leading to higher multiples of invested capital for the investors.
Snowflake's AI Data Cloud helps integrate multiple client data
sources into a single source of truth and enables the analytics
engineering and AI solutions. The result enhances data fidelity and
the speed of insights across a portfolio company's ecosystem,
boosting its competitive advantage.
"Our partnership with Teragonia creates a pathway for PE
portfolio companies to leverage stronger data intelligence to help
them scale more effectively," said Tarik
Dwiek, Head of Technology Alliances at Snowflake. "Snowflake
customers choose to have their data in Snowflake because of robust
data capabilities, in addition to data sharing and near-zero
maintenance. This partnership reinforces Snowflake's continued
commitment to delivering superior data management solutions to
customers across industries."
By building applications on Snowflake, product and engineering
teams are able to develop, scale, and operate their applications
without operational burden, delivering differentiated products to
their customers, as well as provide builders with access to
resources to help them design, market, and operate their
applications in the Data Cloud. To learn more about how
organizations are building next gen apps on Snowflake, click
here.
For more information about Teragonia, visit
https://teragonia.com/.
For more information about Snowflake, visit
https://www.snowflake.com.
About Teragonia
Teragonia develops analytics
engineering and AI solutions exclusively for private equity
portfolio companies, supported by a team of technologists, data
scientists and business experts with first-hand private equity
experience as investors, operators, and M&A advisors. For more
information, visit https://teragonia.com/ and follow their latest
news on LinkedIn at
https://www.linkedin.com/company/teragonia/.
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SOURCE Teragonia Inc.