(PresseBox) (Dortmund, )RapidMiner, the industry's #1 open source predictive analytics platform, announced former TIBCO Executive Vice President, Peter Y. Lee, to the position of President and Chief Executive Officer. Lee, who also joins the Board of Directors, will focus on the strategy and operations of the company. Founder and fellow Board Member Ingo Mierswa, formerly CEO, will focus on the platform's evolution as Chief Technology Officer.
At TIBCO, Lee was responsible for the Analytics/Big Data, B2B, Cloud, CXM and SIEM product groups. Lee joined TIBCO when it acquired DataSynapse, where he served as CEO and co-founder. Lee resigned from TIBCO to co-found Mister Wolf & Associates, returning to his entrepreneurial passion advising growth companies such as Attivio, BlogTalkRadio, Ektron, Infomatix, Novus, NOPSEC, Reonomy, SecurityScoreCard and others in disrupting established markets.
"RapidMiner tripled its product revenue in 2014. We needed a seasoned executive and entrepreneur to further propel the company's leadership in the predictive analytics market. Peter Lee was the clear choice," said RapidMiner Founder Ingo Mierswa. "With Peter's deep domain expertise, RapidMiner will help our customers realize substantial value from their analytics and Big Data investments."
"Organizations have yet to monetize the massive potential hidden in their strategic data assets-a mother lode of priceless insights is buried in a relentless avalanche of Big Data. Moreover, insight without action delivers zero value," says Lee. "RapidMiner enables organizations to achieve game-changing competitive advantage by unearthing and including predictive analytics in any business process. Operationalizing predictive analytics to confidently seize opportunity or mitigate risk is a must-have capability to close the loop between insight and action."
Lee earned an MBA in Entrepreneurial Management from The Wharton School, an MA in International Affairs from The University of Pennsylvania and graduated AB cum laude from Harvard University. He serves as Chairman of the Board of Attivio and as an Independent Member of the Investment Committee of the Advanced Finance & Investment Group. Lee has previously served on the Boards of Ektron (acquired by Accel-KKR, merged with EpiServer) and Upwardly Global. He is actively involved in a number of community interests.