Intel Capital Invests in Finep-Backed WebRadar

Intel Capital has invested in WebRadar, a Brazilian company focused on big data and operation analytics. Though the amount of the investment has not been revealed, Finep hinted at a figure above the million-real mark.

WebRadar was founded in 2008 and offers solutions for the intelligent analysis of databases in innovative software technologies to aid decision making in business and operations. Its client list includes multinational corporations Nokia Siemens Networks, Nextel and Telefonica, and according to Managing Partner Adriano da Rocha Lima, the company grew eight times over between 2009 and 2012.

Finep has proven a major supporter of WebRadar, which was one of the winners of the 2012 Finep Innovation Prize. WebRadar has already received a grant of roughly one million dollars from the organization (largely to support its Quality NetSystem tool).

WebRadar will use the received resources for commercial expansion as well as marketing and the exploration of new distribution channels. The company will also seek opportunities outside of Latin America. “Intel Capital, with its extensive knowledge in this sector and its worldwide technology network, has proven to be the ideal partner for WebRadar at a moment in which we are looking to take our innovative technology to markets like North America, Europe and Asia,” said Lima.

And by the looks of it, WebRadar’s prospects are sound: the company is expected to grow 80% in 2013.