Data3Sixty, Inc., the leading data governance solution provider for financial services organizations, has successfully completed its Series A funding round raising $1,500,000.
Led by Breton Capital Management, the proceeds from the transaction will be used to expand the organization to address the increased demand for Data3Sixty's solution. Data3Sixy has also named Jim Palermo Chairman of the Board of Directors. Jim is a Founding Partner of Breton Capital Management and the former Vice Chairman of BNY Mellon.
"We are seeing tremendous demand for our data governance solution and are excited about this opportunity to accelerate the growth of our organization. Data3Sixty's flexibility and cloud based delivery platform have proven to be very effective at empowering data governance initiatives. By focusing exclusively within the financial services space, we are able to provide the appropriate capabilities and automate the collection of large amounts of relevant content." said Jeff Shortis, Co-founder and CEO.
"The need for effective data governance in the financial services sector has never been more important than in todays' competitive landscape. Driven by regulatory pressures, client mandates, and the need to achieve operational efficiencies, many organizations have recognized the ability to understand, control, and interact with data is emerging as a competitive differentiator." said Jim Palermo.