SOURCE: Treasure Data

Treasure Data

October 07, 2014 10:00 ET

Treasure Data Appoints Chief Financial Officer

Global Financial and Operations Executive Brings Almost Two Decades of Experience in Software-as-as-Service and Global Markets to Cloud Vendor

MOUNTAIN VIEW, CA--(Marketwired - Oct 7, 2014) - Treasure Data, the first managed cloud service for big data, today announced the appointment of Dan Weirich as chief financial officer. A successful financial leader, Weirich has eighteen years of experience managing public and private technology companies through periods of rapid global growth. Weirich brings a unique understanding of the intersection of operations, finance and technology for business growth, having led fundraising, mergers and acquisitions, and strategic partnerships for many companies.

Most recently, Weirich was CFO at 8x8, Inc. (NASDAQ: EGHT), where he worked for more than a decade and was instrumental in developing its very successful software-as-a-service offering. Prior to 8x8, Weirich was Vice President of Business Development at iAsiaWorks, Inc., leading the expansion of the business to thirteen countries in Asia and taking the company public on the NASDAQ in August 2000.

"Treasure Data is growing quickly by addressing an urgent business need to unlock the immense potential of new big data sources. Dan is not your average CFO. He has a deep understanding of finance, operations and engineering at global technology companies, and adds critical expertise to our executive team as our company expands," said Hiro Yoshikawa, founder and CEO of Treasure Data.

Treasure Data offers a managed cloud service (i.e. SaaS) for companies to collect, store and analyze massive volumes of big data, enabling new data-driven products and services. After launching its service in September 2012, Treasure Data quickly found success in data-heavy industries, including ad tech, media, gaming, retail and mobile. It has over 100 customers on premium service tiers and thousands of users on its free service.

Recently, Treasure Data has been widely recognized for its abilities to efficiently collect data from mobile and connected devices, supporting "Internet of Things" applications across wearables, vehicle telematics and energy utilities. In the last quarter, Treasure Data added new customers including Pebble and Equifax; announced an alliance with Pioneer to process big data from sensors in connected cars; and, was selected by Yahoo! JAPAN to power its new big data business services for marketers and advertisers.

"Treasure Data has impressive growth for a startup, as evidenced by its list of customers, partners, investors and industry supporters," said Weirich. "Its unique managed cloud service is growing exponentially, and I look forward to providing financial leadership that maximizes company profitability and business innovation."

About Treasure Data
Treasure Data was founded in 2011, with the mission of building the first managed cloud service for massive-scale collection, storage and analysis of new "big data" sources, including web, mobile, log and sensor data. The managed cloud service is 100% managed, monitored and supported by Treasure Data staff, similar to a software-as-a-service. This gives its customers an end-to-end big data infrastructure at a fraction of the cost of building and maintaining it themselves. Treasure Data's customers collect, store and analyze tens of billions of records a day on the cloud service, enabling new applications and granular insights into customers, products and operations. A rapid two week setup time and flat-rate monthly subscription model mean companies can start collecting and leveraging their big data right away, months faster than building their own infrastructure.

Since the service launched in 2012, thousands use its free Starter version and its 100+ corporate customers include Pioneer, Yahoo JAPAN, Pebble, Equifax, MUJI, NTT Docomo, MobFox, GREE and several Global Fortune 500 companies. Learn more at TreasureData.com.

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