MSP Rage Frameworks, Inc. is all about big data and business process automation (BPA). Now a major business is in the process of lending a hand, hoping to help Rage to grow.
Rage’s new partner is private equity firm Kayne Partners, an arm of the $24 billion Kayne Anderson Capital Advisors, L.P.
Kayne invested an undisclosed amount.
Rage started back on 2006, and was founded by current CEO Venkat Srinivasan.
The idea today is to blend BPA with the analytics that come from big data.
Rage doesn’t expect Kayne to be a silent partner. “Our partnership will enable Rage to significantly expand its sales and marketing investments and continue to develop its pioneering technology in service of its customers. We are particularly pleased with how our vision is aligned with Kayne Partners’ strategy in managed services,” said Rage’s Srinivasan.
Market Insight
BPA can fall under the larger rubric of business process management, and this BPM market is on the move, at least according to a report by WinterGreen Research. Driving growth are the cloud as well as the influx of smart devices and mobile computing.
“Cloud computing, mobile computing, and smart devices represent the major forces impacting business process management (BPM) markets. IBM and others are leveraging patterns to gain competitive advantage in enterprise BPM markets. Managers use large BPM systems and small and mid-size businesses use the BPM cloud,” said report lead author Susan Eustis. “BPM is evolving cloud SaaS for business applications to accomplish work. The opportunity to implement apps that make automated process more responsive to the needs of customers, partners, suppliers, and distributors, people use business process management (BPM) as the need for automation tools to help workers is upon all of us.”
So what are the numbers? According to the Eustis report, the BPM market will go from $2.8 billion this year to some $8.3 billion in 2019.
Kayne likes what it sees in the business process market. “We have been following the business process automation space and big data market for a while now, and Rage is unique in combining automation and analytics into their solutions. We are excited to be partnering with Rage and believe that they are a market leader through innovation and excellence,” said Nishita Pawar, a Vice President of Kayne Partners.
Edited by
Ryan Sartor
