August 7, 2012

Cheshire's AGC lands $1M CT stake

A Cheshire information-technology vendor got $1 million in venture funding from the state to expand its line of data warehousing software, authorities say.

Connecticut Innovations Inc., the state's quasi-public technology investment arm based in Rocky Hill, announced Tuesday its funding for Andrews Consulting Group Inc. (ACG)

CI invested through its Venture & Mezzanine Debt Fund.

The new funding allows the company to continue to expand its product line sold to more than 200 customers, among them Ford, 3M, Amway, and Elizabeth Arden.

ACG has provided business software advice and assistance since 1984. In recent years it has introduced its own RapidDecision business intelligence software solution.

According to CEO David Andrews, RapidDecision is a pre-built, real-time data warehouse that organizes data in a way that facilitates analysis by all of the major data analysis tools.

The company employs more than 70, officials said.

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