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Recent Press Releases
September 30, 2014
SAVI INSIGHT™ WINS ESTEEMED VENTANA RESEARCH 2014 TECHNOLOGY INNOVATION AWARD FOR EXCELLENCE IN OPERATIONAL INTELLIGENCEMore »
Savi®, a pioneer in sensor technology and sensor analytics solutions that create operational intelligence from the Internet of Things, today announced that its SaaS-based analytics solution, Savi Insight, has been recognized by Ventana Research for its innovations in operational intelligence. Savi Insight won the Excellence in Operational Intelligence award for its ability to process massive amounts of machine-to-machine (M2M) data and turn it into actionable, easy-to-grasp analytics that drive efficiency, increase productivity and create successful supply chain outcomes for commercial organizations.Read full release »
September 18, 2014
JIM HAYDEN BRINGS TWO DECADES OF DATA ANALYTICS EXPERIENCE TO SAVI; Joins as Vice President of Solutions to Support Commercial Demand for Savi Analytics SuiteMore »
Savi® today announced Jim Hayden, pioneer in data-mining and renowned innovator of predictive analytic solutions for financial services, telecommunications and government, has joined its executive team as Vice President of Solutions reporting to the CEO. Hayden brings to Savi 20 years’ experience conducting award-winning work on the practical application of analytics methods and technologies including knowledge discovery, data mining and predictive analytics. He has built and grown global analytics solutions that deliver actionable insight – from Mantas’ compliance and anti-money laundering software to the National Association of Securities Dealers’ Advanced Detection System (ADS) that used ‘behavior detection’ technology in the mid-90s that is still applicable today. Hayden’s extensive career and accomplishments in ‘big data’ analytics will enrich Savi’s analytics strategy and support commercial demand for the full Savi Solutions Suite.Read full release »
May 7, 2014
SAVI ENGINEERS REMARKABLE COMPANY TURNAROUND IN 2013; CARRIES PROFITABILITY & STRATEGIC MOMENTUM INTO 2014More »
In its first year since becoming privately held, Savi has orchestrated a remarkable turnaround that exceeded all expectations in 2013 and created a wave of momentum and growth that continues in 2014. The transformation occurred in all areas of the business and included major additions to the company’s management team, an aggressive new product development and launch schedule, new strategic partnerships, and the transfer of operating functions from California to Alexandria, VA. Financial evidence of the across-the-board success was best seen in the $13 million EBITDA improvement from 2012 to 2013, and a return to profitability.
“At the start of 2013 we focused Savi’s activities around two key objectives: completing our transition to an independent, vibrant, stand-alone company and putting the company on a path to profitability and long-term success by bringing new sensor analytic solutions to market,” said Bill Clark, President & CEO, Savi. “We exceeded both of these goals and positioned Savi to leverage the growing demand for our sensor analytic solutions in the $15B big data analytics market, currently growing at 27% CAGR.”Read full release »