The news that one of our clients - Big Data Partnerships - had been acquired by listed US big data company, Teradata, was a case in point of how innovative, high-growth companies can use alternative finance to supercharge their growth. Invoice finance - the business of providing funding against unpaid receivables - has been revolutionised in recent years as a number of tech-enabled, data-driven players have entered the market. The ability to quickly grow a team, expand your reach and improve your product offering requires resources. Unlocking these resources whilst awaiting payment from your clients, allows a company to do all of these things, thus providing a boost to a company's cash flow, in this instance alongside equity finance. Our congratulations go out to the team at Big Data Partnerships as we wish them all the best as they join the Teradata family.
Big data company Teradata acquires UK’s Big Data Partnership