NEW YORK, February 25, 2015 /PRNewswire/ --
Sisense, a leader in big data analytics for business users, announced today that following a fourth year of growth, and to meet growing demand and accelerating global momentum, its Board of Directors appointed Amir Orad, previously CEO of NICE Actimize, as its new Chief Executive Officer based in New York. He will succeed Amit Bendov, who has led the company to date.
As a leader in big data analytics for business users, Sisense has tripled subscription revenues for the fourth straight year as demand continues to accelerate globally. It has recently raised its $30 million Series C round and acquired a record number of customers in more than 50 countries. The company continues to grow its New York headquarters as part of a global expansion strategy. Orad, based in New York, will build upon this momentum by focusing on business execution and strategy, while continuing to invest and boost the type of innovation that helped Sisense become the leader it is.
Orad, a successful CEO, entrepreneur and big data analytics thought leader, was until recently the CEO of NICE Actimize, the financial crime analytics leader. During his tenure, the business grew over six fold reaching approximately $200M revenue in 2014. Earlier, he was co-founder and EVP Product/CMO of Cyota, a cyber analytics company, acquired by RSA Security where he then served as VP Marketing. Orad spent the first decade of his career developing technology and leading R&D and product organizations and received his MBA from Columbia University and B.Sc in Computer Science and Management from Tel Aviv University. He is credited as an inventor on several risk and analytics related patents.
"Amir has a strong track record of scaling businesses and disrupting markets and has been a major force in the success of a number of formidable companies. Throughout his career, he has demonstrated great ability in leading organizations, including product and business teams, and introducing innovation to markets," commented Randy Glein, Sisense board member and Managing Director of DFJ Growth which recently led Sisense's $30M investment and previously supported innovative companies such as Box, Tesla Motors, Twitter and Yammer. Mr. Glein continued "I am confident that Amir is the right person to lead the Sisense team through its next phase of global growth."
"I am very excited to be appointed as the new CEO of Sisense and lead its winning team," said Mr. Orad. "Sisense is a successful innovative company with great people, cutting-edge technologies, and a fast growing loyal customer base. I am a big believer in the significant opportunity presented by the availability of massive amounts of complex data and how data driven companies can unlock great value from such information using Sisense's technology. I am very much looking forward to the opportunities ahead."
"With the company's continuous growth of both customers and employees worldwide, this is another testament to Sisense commitment to its global expansion and presence," commented Amit Bendov. "I am confident that with Amir's outstanding track record, management skills, and industry experience, he will grow a world-class team and continue the rapid growth of Sisense."
Eldad Farkash, co-founder and CTO added: "Amir is the right person to lead the Sisense team with his unique proven experience combining both the technology and business dimensions. I look forward to working with Amir and the rest of the team."
Mr. Glein continued, "On behalf of the Board of Directors, I want to thank Amit Bendov for Sisense's hyper-growth under his leadership. During that time the Company has grown substantially in revenues, people, and market recognition. We wish Amit and Amir good luck and great success in their new journeys."
About Sisense
Sisense enables non-technical business users to easily join, analyze and visualize growing data sets from a multitude of structured and unstructured data sources. Powered by its unique In-Chip' and Elasticube' technologies - Sisense delivers unmatched performance, agility & value. Sisense was recently designated a hot company to watch by CIO, CRN and Information Management and recognized as a "Cool Vendor" by Gartner. Its solution won the "Audience Choice" award at the O'Reilly Strata conference and its CTO Eldad Farkash won the World Technology Award for the invention of In-Chip analytics.
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