Kayne Partners gives growth capital to ColdLight Solutions
Kayne Partners provided an undisclosed amount of capital to ColdLight Solutions to speed up growth and expansion. The growth private equity group of Kayne Anderson Capital Advisors, Kayne Partners has poured more than USD 500 million in platform investments as well as in add-on acquisitions. ColdLight Solutions is a Big Data firm that provides advanced analytics, predictive technology and machine learning science services.
ColdLight was established in 2007 to help improve business results for its customers. The company's Neuron platform helps empower enterprises of various sizes to decipher large volumes of data into intelligence that can help them make well-informed decisions. The technology can be utilized in media, financial services, healthcare, customer retention, personal data management, retail and other verticals.
ColdLight Founder and Chief Executive officer Ryan Caplan said they are excited to work with Kayne Partners on their path to growth. He added, "They share our passion and vision for technologies that will drive the future of data-driven business. Their depth and breadth of experience is a great addition to our rapidly growing business."
ColdLight Chief Financial and Operating Officer Eric Smith said the growth capital and expertise that Kayne Anderson gives will allow the firm to grow their domestic and international operations. The support of the investment firm will also enable them to scale ColdLight's existing and next generations of Automated Intelligence business solutions, he added.
Kayne Partners Vice President Nishita Pawar said they are looking to support high growth firms that are unique and are leaders of the industry, giving them the capital and resources they need to continue their impressive growth. She added, "Big Data has received a lot of attention recently and ColdLight has set itself apart by combining automation and actionable intelligence into their solutions. We are excited to be partnering with ColdLight and believe that their innovation, technology and proven excellence make them second to none."