Tekes funds GrayMatter’s Airport Analytics (AA+) product innovation
GrayMatter Software Services Oy, Finland has received Tekes funding for its R&D program for its globally acclaimed and preferred Airport Analytics (AA+) product. This Airport Analytics product is the first of its kind addressing the airport operator’s comprehensive BI, Analytics & data consolidation need across its complex maze of stakeholders. AA+is a game-changer solution in BI for airport industry globally with some highly successful implementations already deployed.
GrayMatter approached Tekes for a three year R&D investment plan for over 10 million euro’s to take its AA+product far ahead of anything ever seen in airport BI & analytics. AA+will transfer the traditional financial business performance of airports into real-time operational performance and graduate to predicting airport performance to enhance passenger experience drastically. Predictive modeling optimizing non-aero/retail revenue, minimizing security risks and improving on-time performance, in addition to managing environmental and safety norms, are the key objectives of this funding. Tekes has approved close to 3 million euro first year investment plan of AA+.
GrayMatter’ R&D work has already commenced in Vantaa, Finland’s hub for aviation related ICT companies. Mr. Andy Kozak was appointed as Director of R&D Centre and will be heading GrayMatter’s Finnish research facility. He is an experienced ICT professional, who has nurtured large global relationships for over 12 years focusing primarily on BI and analytics area.
Mr. Vikas Gupta, CEO for GrayMatter worldwide, says: “The success of our application with Tekes for AA+ vindicates our confidence in AA+product and the Finnish innovation eco-system. We are excited about being associated with ‘Brand Finland” known globally for innovation and niche technology products. With the kind of local Finnish talent available in the ICT sector, we are positive the product will now reach its pinnacle earlier than expected.”
Mr. Kari Komulainen, Director for growth company services at Tekes was upbeat when he said: “The Tekes vision for a Finnish economy driven by collaboration, innovation and inclusive growth was successfully met by GrayMatter at an enterprise level and with its AA+ product. GrayMatter team with its vast experience in business intelligence technologies, global reach and proven track record of producing high-class products was key to Tekes decision. We believe AA+ product will bring significant value to airports worldwide and has potential to become a market leader over 3 years.”
GrayMatter’s Head-Aviation Analytics, Muhaimin Saidu, who spent over 18 years of his professional life either at the airport or at the aircraft hangar, was matter of fact when he said: “The AA+solution had already taken the global airport community by storm with its comprehensive data consolidation and analytics coverage of airport business. With the Finnish R&D initiative the product is now poised to become the absolute game-changer for every global airport operator.”
Mr. Gupta acknowledges his appreciation for the support provided by Helsinki Business Hub who helped GrayMatter from registering the company in Finland to introducing GrayMatter to key stakeholders in Finnish ecosystem including Tekes.
Micah Gland, the CEO of Helsinki Business Hub says: “We are happy to welcome companies like GrayMatter to the Finnish innovation eco-system. The new jobs created by their new R&D facility are important to the region and it is good to see GrayMatter creating synergies within the different players in the field in order to ensure their business thrives in Finland.”
Additional information and interview requests:
GrayMatter
Stanny J D
Director – Marketing & Corporate Communication
E-mail: +91 9986594215, stanny.dsouza@graymatter.co.in
Skype: stannyjd
Tekes
Kaj Nordgren
Communications Manager
Tekes, Helsinki
+358 2950 55714, Kaj.Nordgren@tekes.fi
GrayMatter Software Services Oy. Established in 2013, is a wholly owned subsidiary of GrayMatter Software Services Private Limited in India. An ICT consultant and solution provider with core focus on business intelligence, data analytics, Big Data, DWH modeling, data discovery and reports optimization, GrayMatter is recognized worldwide for its solutions & services based on collaboration and innovation. It is known for its innovative industry-specific analytics products and BI services, using best-of-breed technologies guaranteeing significantly higher returns to clients. The company is headquartered in Bangalore, India with global offices in USA (Texas), Hungary (Budapest), UK (London) and Middle-east (Abu Dhabi). http://www.graymatter.co.in
Tekes. is the most important publicly funded expert organization for financing research, development and innovation in Finland. Tekes promotes a broad-based view on innovation: besides funding technological breakthroughs, Tekes emphasizes the significance of service-related, design, business, and social innovations. Tekes works with the top innovative companies and research units in Finland. http://www.tekes.fi
Helsinki Business Hub is the investment promotion organization for Greater Helsinki. Funded by public sources - the cities of Helsinki, Espoo, Vantaa and Kauniainen as well as the Uusimaa Regional Council – Helsinki Business Hub identifies business opportunities for international companies and helps them thrive in the heart of business in Finland, Russia and the Baltics. http://www.helsinkibusinesshub.fi