CHARLOTTE, NC--(Marketwire - Apr 27, 2012) - Yodil, Inc., a provider of business intelligence (BI), data analytics, and operational and management reporting to the insurance industry, has completed its second round of investment funding, led by a private group of industry-leading veterans.
"Our faith in Yodil comes from its strategic approach to its business," said a spokesman for the investment group. "Yes, it has the requisite platform for aggregating and analyzing data. Yes, it has the requisite platform for extracting raw data from source systems and exporting BI to destination systems. But Fred Waite and his team have realized their clients' strategic business needs come before and after all of that. Their platform is prescribed only after those needs are clearly identified and the business problems are adequately diagnosed. Then, the platform becomes a means to ensuring successful ends. We're happy for the opportunity to partner with them, and we look forward to witnessing their continued success."
"With the help of this insurance-experienced investment group -- and their belief in our business model -- we've achieved a degree of flexible capitalization that will enable us to expand our sales and development efforts," said Fred Waite, CEO of Yodil. "While we look forward to being able to make some significant new-business announcements in the near future, we're also making some strategic moves that will enable us to deliver our platform more conveniently to a broader base of users. In addition, we're very grateful to have financial partners who share our commitment to the insurance industry, as well as our innovative approaches to delivering business-improving services. We look forward to a long, mutually rewarding relationship."