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, the private equity and venture capital arm of
Thüringer Aufbaubank, and certain private angel investors.
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
, 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
, 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."