Falkonry Named to JMP Securities’ 2017 Efficient 50 List

Another Award for Falkonry Highlights the Company’s Growing Momentum and Success in the Market

SUNNYVALE, Calif.--(BUSINESS WIRE)-- Falkonry, Inc., a leading provider of operational analytics for Global 2000 industrial companies, today announced that it has been named to the JMP Securities’ 2017 Efficient 50 List. The JMP Securities Efficient 50 List identifies private companies that demonstrate the most innovative solutions and value creation in Energy and Industrial technology. Falkonry received this recognition for its ready-to-use time series machine learning system, commonly referred to as a “data scientist in a box,” which empowers industrial practitioners to discover patterns, recognize conditions and predict issues. This Falkonry product has helped companies across many industries improve their throughput, quality and yield.

“It is extremely satisfying to have JMP Securities recognize the power of our time series machine learning system, which has been accelerating the digital transformation for companies across the automotive, chemicals, energy, mining, semiconductor, and other industrial markets,” said Nikunj Mehta, Founder and CEO of Falkonry. “Using our analytics capabilities, these companies have been able to achieve operational improvements that can be scaled across the entire company to deliver significant savings in time, money and resources.”

Added Joseph Osha, Managing Director at JMP Securities, “Falkonry was a clear selection for this recognition because of how quickly and easily it can transform operational efficiencies in a company. In the past, this process was extremely laborious and required the expertise of scarce data scientists. The reality is that every company, no matter which industry it is in, has volumes of underutilized operational data. Being able to unleash the value in that data is going to change how companies compete with one another. Once again, technology is transforming billion dollar industries and we are excited to see Falkonry at the forefront of this evolution.”

Growing Momentum

Highlighting Falkonry’s ongoing success in the market, this recognition comes on the heels of the company’s receipt of other prestigious industry awards. This past summer Falkonry announced it was one of only five companies chosen as an IDC Innovator. Earlier this month, the firm was invited to Houston by Darcy Partners to present its predictive analytics system to the technology consultancy’s oil and gas industry clients, which viewed the product as having a very high potential to generate near-term benefits for their operations.

“What they learned was that Falkonry has advanced failure prediction, possibly in a universal way,” said Jeremy Sweek, Co-Founder of Darcy Partners. “Most of our client companies generate large volumes of field data, but they need quick and easy ways to leverage it. We highlighted Falkonry because it has delivered this for other industrial verticals, and hopefully, it will now do so for the upstream industry.”

About Falkonry

Falkonry is a leading provider of operational analytics for Global 2000 industrial companies. Falkonry’s ready-to-use machine learning system empowers practitioners to accelerate the digital transformation of industrial operations by delivering new analytical insights from patterns hidden inside operational data. Our customers, who span multiple industries and applications, are realizing improvements in throughput, quality and yield. For more information about Falkonry and its products, please visit http://falkonry.com/.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171212005375/en/

Powelson Communications, Inc. for Falkonry
Erika Powelson, 408-781-4981
[email protected]

Source: Falkonry, Inc.

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