Describe the company – the elevator pitch …
Trusted by the most demanding institutions around the world to safeguard critical business, Corvil is the streaming analytics platform for a machine world. As the industry leader for deriving IT, security, and business intelligence from network data, Corvil taps into rich and granular machine data sources to protect the transparency, performance and security of infrastructure and business applications. Corvil counts every major stock exchange and global bank as a customer – from giants like Goldman Sachs to new stock exchanges in Brazil – and is responsible for monitoring 354 trillion messages with a daily transaction value in excess of $1 trillion.
How are you different?
The Corvil difference is not in the “what,” but in the “how.” When he built the company, Corvil’s founder, the late Professor John Lewis, leaned heavily on his mastery of theoretical physics, and that legacy has guided Corvil’s unique approach. When collecting and analyzing network data, what sets Corvil apart is its ability to find mathematically concise and economic explanations for complex physical events and processes. By applying a rigorous mathematical approach, Corvil derives critically important and trusted insight into everything that happens on a modern network.
It is this rigorous mathematical approach that enables Corvil to tackle multiple complex IT challenges, and present clear and concise solutions. As a result, Corvil is applied to multiple use cases, with a broad array of product offerings spanning security, compliance, IT operations, and business intelligence solutions.
Why will the company/product do well?
As new regulations, security risks, stakeholder demands for greater trust and assurances as well as technical complexity are introduced to IT infrastructures, enterprises increasingly require improved transparency into how their businesses are operating from an IT, customer experience, and commercial perspective. Corvil will continue to be successful in a machine world, as it is the only platform able to provide granular transparency across network and application data in real-time.
It’s now critical to tap into richer machine data sources, given that companies are adopting business-enhancing technology. By capturing, decoding, and learning from network data, and transforming it into machine-time intelligence, Corvil enables its customers to see their business as it is happening. Given that Corvil has been proven to reduce the costs associated with managing and maintaining IT systems while also allowing teams to identify and address issues before they result in downtime or before impacting the business, Corvil has secured its position as a gold standard for financial institutions across the globe. As Corvil has repeatedly grown its revenue by more than 35 percent for the past few years, gained 25 percent year-over-year increase in net new customers in 2016, and continues to release new industry-leading solutions, Corvil is primed to build on its success for an even stronger future.
— Corvil (@CorvilInc) April 3, 2017
Where are you based?
Headquartered in Dublin, Corvil’s mathematical model for streaming analytics was inspired by physics lectures at Trinity College and the Dublin Institute of Advanced Studies. This unique indigenous backstory has laid the foundation for Corvil to achieve global influence as a top Irish enterprise. Now with offices in New York, Tokyo, London, Hong Kong, Kraków, and Toronto, Corvil is readily accessible to all of its customers while still retaining its signature Irish model.
When was the company launched?
What have been your biggest wins to date?
Last year, we introduced a solution to support MiFID II compliance, launched the world’s highest performance analytics appliance for network data, and announced several partnerships and customer wins with key cybersecurity and financial players. These milestones and more have helped us gain recognition as the Irish Company of the Year at the Data Science Awards and as one of the Top Global Financial Technology Providers in American Banker and BAI’s FinTech Forward List, ultimately contributing to our record year of results.
We’ve also recently won the FinTech Breakthrough Award for “Best Financial Transaction Security Platform,” recognizing our innovation within security and commitment to safeguarding financial markets.
What type of people (market segment) are you trying to attract to your product?
Corvil is most widely used in the high-risk financial and capital markets space, but truthfully, anyone, including network, IT, security, and business teams, who want to safeguard their digital business, increase automation, and gain actionable business insight from their network data would benefit from using Corvil.
Tell us about your team?
Corvil is made up of experts with deep experience across data science, IT analytics, cybersecurity, and financial markets infrastructure. Our leadership team includes Professor John Lewis’s co-founders and colleagues at the Dublin Institute for Advanced Studies, Fergal Toomey (Chief Scientist) and Raymond Russell (Chief Technology Officer), VP of Product Management Donal O’Sullivan, and Chief Business Development Officer David Murray.
We are also proud to count a diverse group of talented engineers as team members in our Dublin headquarters.
— Corvil (@CorvilInc) April 27, 2017
What are your long term plans for your product/company?
The business world is becoming exponentially more complex with the introduction of new technologies and the adoption of automation across nearly every industry. From our experience working in the financial markets to guide customers through the electronic transformation of stock trading, which involves massive amounts of data algorithmically transmitted in the smallest slices of time, we have a window into what the future of business will look like. In this fast-moving, large-scale paradigm, granular, real-time visibility into data becomes of the utmost importance.
Today, Corvil is the gold standard network analytics platform for the top performing banks, brokers, and stock exchanges of the financial markets. Our vision is to become the trusted partner to assure and secure the performance of all businesses adopting algorithmic approaches in the coming years.
— Corvil (@CorvilInc) May 2, 2017
Anything else you’d like to add / we should have asked?
Corvil is actively hiring and currently has many open roles spanning development, IT, Marketing, Product Management, QA and Sales. We are constantly attracting and nurturing the brightest and the best talent who want to realize their full potential.
How do people get in touch with you?
We’d love to hear from you! Feel free to reach out to us here, where you’ll find all contact information across our global offices.
Corvil is the industry leader for deriving Operational, Security, and Business intelligence from network data. As companies adopt faster and smarter machine technology, it becomes critical to tap into richer and more granular machine data sources to safeguard the transparency, performance and security of critical infrastructure and business applications. The Corvil streaming analytics platform captures, decodes, and learns from network data on the fly, transforming it into machine-time intelligence for network, IT, security and business teams to operate efficiently and securely in this new machine world. Corvil uses an open architecture to integrate the power of its network data analytics with the overall IT ecosystem providing increased automation and greater operational and business value outcomes for its users.
The Corvil solution is trusted by leading financial institutions to safeguard their businesses across the globe involving 354 trillion messages with a daily transaction value in excess of $1 trillion.