First US partnership for fast growing business
Fast-growing business intelligence and data analytics software developer Panintelligence has announced a partnership with Boston-based fintech Hound Software.
The partnership marks the first deal originated in the US for Leeds-based Panintelligence since the business launched its Boston office last year.
Hound Software, specialises in the intelligent processing automation of critical business processes, such as revenue management and compliance. Its platform connects diverse software systems, users and customers, largely for clients in the banking and financial services sectors. The new partnership will see Hound Software integrate the highly secure Panintelligence Pi suite of data analytics software into its operation.
Panintelligence CEO Zandra Moore said: “We saw significant synergies between Hound Software and ourselves, and we are excited to be bringing our AI decisioning capability to combine with Hound’s superb innovative workflow processing engine.
“Since opening our Boston office last summer we’ve been in conversation with a number of potential partners and we’re excited to launch this first partnership with the Hound team.”
Adding “The Pi software was originally developed to enable the secure processing of high volumes of transactional data from UK credit providers. It has evolved into a suite of solutions that can be used across diverse business sectors. In this partnership it is our newly launched machine learning element that will bring intelligent decisioning to their robotic process automation capability.”
Hound Software co-founder Manrique Feoli said: “The Panintelligence Pi technology gives uniquely ergonomic insights into data and can be used to analyse almost endless permutations of data trends and anomalies live and automatically to automate our workflow solutions intelligently. Simply put, that means that mixing the power of Hound with Pi creates a fantastic ultra-powerful mix of capabilities that will provide something hardly anyone is doing.
“It will be amazing to be able to provide this converged solution for our mutual clients as a way of solving problems and filling gaps that some larger, less agile platforms cannot.”
Since being founded in 2014 Panintelligence has grown rapidly. It had a successful 2019 expanding into the USA and securing £5m backing from YFM Equity Partners and Comhar Capital in a Series A fundraising at the end of the year. Since then the business has invested in key board appointments and an expanded development team, including ex-PayPal Europe and Barclaycard director Howard Bell.