ColdLight Awarded Ben Franklin Technology Partners Funding
Fort Washington, PA – JULY 1, 2008. ColdLight Solutions LLC today announced that it has received funding from Ben Franklin Technology Partners of Southeastern Pennsylvania (BFTP). Funds will be used for advancing its automated business intelligence platform and to create new high-technology jobs in Pennsylvania.
“Businesses today are inundated with more data than they can handle. And, the volume of that data grows exponentially every second. Turning this data into strategic competitive action is what we do best. Our smart software to help our clients quickly identify patterns locked inside of data that hold the keys to competitive advantage”, said Ryan Caplan, CEO of ColdLight. ‘We are very pleased to have been one of only a handful of companies to receive funding from the BFTP group. They clearly recognize that this need is growing and ColdLight is in position to serve a ready and eager market.’
About ColdLight
ColdLight Solutions, LLC recognizes that today’s businesses are data rich, but information poor. The team’s experiences as data analysts, software integrators, military-grade analytics technologists, and user experience experts revealed that existing technologies fail to empower decision makers with the tools necessary to understand a problem, analyze the data, and act quickly and confidently. ColdLight delivers a new generation of decision making technology where people and work collaboratively, in real time, to automate critical business decisions and investigate complex scenarios by placing the power of next-generation Business Intelligence (BI) and competitive analytics capabilities in the hands of the business user.
About Ben Franklin Technology Partners of Southeastern Pennsylvania
BFTP/SEP is Pennsylvania’s catalyst for stimulating entrepreneurial potential. Ben Franklin invests in innovative enterprises and creates commercialization pathways that generate wealth through science and technology. Part of a statewide network in Pennsylvania, BFTP/SEP provides entrepreneurs and established businesses with the Capital, Knowledge and Networks to compete in the global marketplace. BFTP/SEP has provided more than $130 million to grow more than 1,600 regional enterprises.
Copyright © 2008, ColdLight Solutions, LLC. All rights reserved.