PolarLake
Country: Ireland
Region: Dublin
Investors: Delta Partners, ADD, Atlantic Bridge
PolarLake is a global leader in applying Semantic Web and Big Data Technologies to the Data challenges of the leading Financial Services firms in the world. Delta Partners and other venture capital firms first invested in PolarLake in 2002.
Following a change in the customer market and reduced product demand, Delta Partners led a refocus of PolarLake in 2005. Throughout their ten year partnership, the venture capital firms supported PolarLake with funds, strategic advice and key introductions. In May 2012 PolarLake was acquired by Bloomberg.
John Randles
CEO - PolarLake
Without Delta Partners’ ten years of support, PolarLake would not be the successful business it is today.
65%
3-year revenue CAGR
10
year partnership with VCs
What did the business need?
Devise strategy for the long term success of PolarLake
Refocus business on sustainable product line in a profitable sector
Senior management restructure and refocus of board team
Introductions to the Key-Opinion-Leaders of the target markets
How did private equity backing create lasting value?
Led restructuring and refocus of PolarLake in 2005
Hired new CEO, chairman and senior management team
Financially supported PolarLake through the refocusing of the company
Provided key introductions for PolarLake in its refocused markets
Senior contributor to the acquisition negotiations
What outcomes did private equity investment achieve?
Compelling product offering that is unique in its market
Supplier to 15 of the world’s largest financial services firms
Acquired by Bloomberg in 2012 with a commitment to continue investing in the product and staff with significant expansion planned
Significant economic value and jobs created during the ten year partnership
Investors
