Monterrey, N.L., Mexico (PRWEB) March 13, 2013
Alta Ventures Mexico (AVM) announced today an investment in Ondore, the leading Latin American Big Data analysis company focused on online reputation management. With the commitment of $ 1.5 million dollars of capital from Alta Ventures, Ondore plans to expand its sales and marketing efforts in Latin America and Spanish Speaking US for its flagship product, Ondore Scout and other forthcoming Big Data solutions. Ondore addresses the huge problem of turning data into information and information into action. This is one of the greatest challenges facing todays fast-moving companies, said Paul Ahlstrom, co-founder of Alta Ventures.
Social media monitoring and analysis is a large and growing market in Latin America. As the market leader, Ondore helps Fortune 500 companies and creative agencies understand, interpret and respond to the diverse voices in social media. Ondores flagship product, a monitoring and analysis tool for social media and the web, is used by major companies and agencies such as Televisa, the media conglomerate, and Ogilvy, one of the world