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Q‑Sensei Secures Investment from Verizon Ventures

  • 2013

Brook­lyn, NY and Erfurt, Ger­many, Decem­ber 11, 2012 – Q‑Sensei Corp., the next-gen­er­a­tion search tech­nol­ogy com­pany, announced today that it has secured new invest­ment fund­ing led by Ver­i­zon Ven­tures, a strate­gic ven­ture cap­i­tal sub­sidiary of Ver­i­zon Com­mu­ni­ca­tions, and that includes fol­low-on fund­ing from bm|t beteili­gungs­man­age­ment Thürin­gen GmbH  and cer­tain pri­vate angel investors.

Also, Richard N. Not­ten­burg, PhD, an accom­plished tech­nol­ogy and com­mu­ni­ca­tions exec­u­tive, joined Q‑Sensei’s board. Dr. Not­ten­burg, for­mer CEO of Sonus Net­works and Chief Strat­egy offi­cer of Motorola Solu­tions, Inc. (NYSE:MSI) (for­merly known as Motorola, Inc., “Motorola”), cur­rently serves as a mem­ber of the board of direc­tors of Aeroflex Hold­ing Corp. (NYSE:ARX) and PMC-Sierra, Inc. (NASDAQ:PMCS).

We are set­ting forth on a new stage of growth and devel­op­ment and we are excited to have the strate­gic back­ing of Ver­i­zon Ven­tures,” said Ute Rother, CEO of Q‑Sensei. “Also, Dr. Nottenburg’s broad exper­tise in guid­ing inno­v­a­tive tech­nol­ogy com­pa­nies and his depth of influ­ence across mul­ti­ple indus­tries strengthen our plans to address busi­nesses’ infor­ma­tion-search needs in numer­ous sectors.”

We, at Ver­i­zon Ven­tures, con­tin­u­ally seek to invest in promis­ing com­pa­nies whose tech­nolo­gies com­ple­ment Verizon’s net­works, ser­vice plat­forms and dis­tri­b­u­tion chan­nels,” said Mark Smith, Exec­u­tive Direc­tor of Ver­i­zon Ven­tures. “We look for­ward to work­ing with Q‑Sensei, whose award-win­ning enter­prise plat­form is chang­ing not only the way peo­ple search for infor­ma­tion for bet­ter deci­sion-mak­ing but also the way busi­nesses develop search-based appli­ca­tions to lever­age the wealth of data for var­i­ous busi­ness scenarios.”

The next fron­tier in tech­nol­ogy will be har­ness­ing the value of Big Data and Q‑Sensei’s enter­prise plat­form for search, dis­cov­ery and ana­lyt­ics applies to a vari­ety of indus­tries from com­mu­ni­ca­tions to health­care and finance,” said Dr. Not­ten­burg. “I am excited to join the board and help Q‑Sensei.”

About Verizon Ventures

Ver­i­zon Ven­tures invests in promis­ing entre­pre­neur­ial com­pa­nies to help drive inno­va­tion for Ver­i­zon Com­mu­ni­ca­tions Inc. Ver­i­zon Ven­tures’ port­fo­lio focuses on new prod­ucts, tech­nolo­gies, appli­ca­tions and ser­vices that com­ple­ment Verizon’s net­works, ser­vice plat­forms and dis­tri­b­u­tion chan­nels. Deal size ranges from seed cap­i­tal to $5 mil­lion, depend­ing on needs and oppor­tu­ni­ties. Ver­i­zon Ven­tures often arranges invest­ments with other ven­ture firms and strate­gic partners.

About Q‑Sensei

Q‑Sensei deliv­ers pow­er­ful multi-dimen­sional search tech­nol­ogy — includ­ing an all-encom­pass­ing search, dis­cov­ery and ana­lyt­ics plat­form and search-based appli­ca­tions — to explore, con­trol and lever­age the wealth of data. Q‑Sensei’s enter­prise plat­form was noted as a “Trend-Set­ting Prod­uct of 2012” by KMWorld Mag­a­zine and the com­pany was awarded an IT Inno­va­tions Award (Inno­va­tion­spreis-IT) at CeBit in March 2012. It was rec­og­nized as an “Inno­v­a­tive Busi­ness Ana­lyt­ics Com­pany to Watch under $100M in 2011″ by IDC and received the “2011 North Amer­i­can Enter­prise Search New Prod­uct Inno­va­tion Award” from Frost & Sul­li­van. Q‑Sensei was founded in 2007 and its search and pre­sen­ta­tion engine is pro­tected by U.S. Patents 7,080,059 and 7,680,777. More infor­ma­tion can be found at www.qsensei.com

Media Contact

André Wiebel  |  Q‑Sensei  |  +49 361−660−112−20  |   

Cather­ine Colton |  Q‑Sensei  |   +1 718−596−7509  |    

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