ParAccel to Hire 50 on the Way to IPO

September 1, 2011

ParAccel will hire 50 new employees over the next 12 months after raising $10 million from investors including Amazon, Menlo Ventures and Mohr Davidow Ventures.

Founded in 2005, the Campbell, Calif.-based company makes an analytics database platform to help large enterprises make sense of vast reams of data. The company's clients include high profile investment banks, intelligence agencies, and global retailers, said CEO Chuck Berger. Read more>>>>