Nuevora: Shaping the BPaaS market
Date: Wednesday , November 02, 2011
Nuevora, is a leading business analytics services and solutions provider that helps its customers achieve positive, high-impact business outcomes through the delivery of continuous and context-sensitive predictive insights. The company’s offerings include a proven analytics framework and targeted analytics solutions that are delivered as Business-Processes-as-a-Service (BPaaS).
Just as software-as-a-service (SaaS) disrupted the traditional enterprise software business models over the past decade, Nuevora envisions a new wave of business processes-as-a-service (BPaaS) applications taking root in major corporations and encroaching upon the traditional vanilla services business models of the KPO/BPO providers. This wave is driven by today’s increasingly apps-oriented business environment coupled with the increasing need for software to enable “effectiveness” in business process in addition to just “efficiencies.”
The BPaaS business models will combine the benefits of globalization inherent in the KPO models with those of scalability innate to the SaaS models and deliver a new category of business service apps designed to enable smarter business decisions and deliver operational excellence across an organization by providing advanced business analytics capabilities comprising targeted apps and human talent; and institutionalizing continuous, context-sensitive and near real-time customer insights across different stages of business process execution.
Nuevora raised its first round of institutional funding in 2011 from Fortisure Ventures of San Francisco. The company is based in San Ramon, California and works with some of the major corporations in high technology, retail, financial services, and insurance markets. Its vision is to help shape the BPaaS market space and be a leader in that category.