We Predict Completes Funding Round to Develop its Successful Predictive Analytics Products

We Predict Completes Funding Round to Develop its Successful Predictive 
Analytics Products 
SWANSEA, UK, Nov. 14, 2012 /CNW/ - We Predict Ltd, a Swansea-based global 
leader in Predictive Analytics announced today that it had completed a 
fundraising to finance the development of a range of predictive analytics 
products and to open an office in California. The new investment came from 
private investors. 
(Logo: http://photos.prnewswire.com/prnh/20121114/574018 ) 
Lord Hollick, an investor, is to become Chairman of We Predict. 
About We Predict 
We Predict provides predictive analytics predominately to automotive 
manufacturers and their supply chain. The service provided enables its clients 
to reduce significantly the expense of warranty which costs the industry in 
excess of $70bn annually. By using advanced statistical and data techniques We 
Predict transforms data into actionable information. We Predict's information 
products focus on reducing detection time of quality issues, benchmarking 
repair rates in the dealer network, enabling risk quantification and providing 
insight into the effect of component failure on customer satisfaction. The 
company believes its products can help the industry to make savings in excess 
of $5bn. We Predict was named as an Industry Leader by IDC Marketscape([i]). 
The huge potential of the company has attracted investors, such as Lord 
Hollick and Stuart Clarke who will become Chairman and non-executive CFO 
We Predict founder and CEO James Davies is excited about the new investors and 
Directors: "We have a very talented group of professionals, who have created a 
suite of information and analytics products which are highly valued by our 
customers. Our new colleagues have a wealth of business experience and 
impressive track records of helping new businesses with high potential to grow 
successfully. My fellow director, Professor Davis, our CTO, and I are very 
much looking forward to working with them. The coming months will see us open 
an office in San Francisco to capitalise on our US opportunities, and build 
our teams in healthcare and insurance." 
About the Investors 
Lord Hollick is a businessman, founder of the IPPR think tank and has been a 
member of the House of Lords since 1991 where he sits on the Economic Affairs 
Committee. He served as the Group Chief Executive of UBM PLC and its 
predecessor companies from 1974 to 2005. He was a Managing Director and 
Partner of Kohlberg Kravis Roberts & Co. between 2005 and 2010. He is a 
director of Honeywell Inc, Pro Sieben and BMG Music Rights Management. He is a 
member of the Advisory Boards of Jefferies Inc, Bertelsman and The Royal 
Society and a partner at GP Bullhound.He was an advisor to several 
successive UK Labour Party leaders, including Prime Minister Tony Blair and 
acted as a Special Adviser at the DTI in 1997 and 1998. 
Lord Hollick said: 
"We Predict's team is impressive and its products are first class. Its 
predictive analytics have rapidly become essential to the efficient management 
of companies in the automobile industry. The next steps are to offer these 
products on a global basis and to develop similar products and partnerships in 
the healthcare and insurance sectors." 
Stuart Clarke joined Admiral Group PLC in 1995 after training as a chartered 
accountant and was Head of Finance during the Group's management buyout in 
1999, before becoming the Group Company Secretary in 2004 when Admiral floated 
on the London Stock Exchange. After semi-retiring in 2009 Stuart continues to 
work with Admiral and is a Board member of a number of their subsidiaries. 
i. IDC Marketscape: Worldwide Warranty Analytics 2012 Vendor Assessment 
Media Contact Juliet Quantrill We Predict Ltd. juliet@wepredict.co.uk 
SOURCE: We Predict Ltd 
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CO: We Predict Ltd
-0- Nov/14/2012 14:13 GMT
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