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Portfolio Exits

1

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Latest Raj Vattikuti News

Scott Sandschafer Joins Calibo LLC, a Digital Platform and Product Company, as Its CEO

Apr 19, 2021

Download Scott Sandschafer (Photo: Business Wire) April 19, 2021 11:59 AM Eastern Daylight Time DETROIT--( BUSINESS WIRE )-- Calibo LLC, a digital platform and product company, has named Scott Sandschafer its new CEO. Sandschafer, who brings 25 years of enterprise and consulting experience driving successful technology transformations and business innovation, will take over the reins from founder Raj Vattikuti. Vattikuti will now serve as Executive Chairman of both Calibo and Altimetrik , from which Calibo spun out of last November. Sandschafer will drive Calibo’s growth as the company expands its flagship Product Platform-as-a-Service (pPaaS) and industry solutions. He will leverage his experience leading information technology organizations and his understanding of today’s digital business needs positions him to further build Calibo’s product offerings, and to serve its customers. “Calibo sprung out of Altimetrik’s digital engineering services with startups, small, midsize, and large enterprises,” says Vattikuti. “Altimetrik established Calibo as a separate company to focus and heavily invest in digital platforms and products, sales and marketing, and to establish industry leadership in digital business. Calibo’s product and algorithm-based data platform provides the digital environment that supports the collaborative culture needed for business and technology teams to deliver true business outcomes with speed and effectiveness. It enables continuous innovation and experimentation to establish new growth and new business models. In addition, Calibo creates real world industry solutions and products to create unlimited growth for its customers. Scott’s vision and track record of delivering strategic business outcomes at the highest levels made him the perfect choice to lead Calibo. He will accelerate the company’s product portfolio as we further build Calibo into an engine for our clients’ growth.” Prior to Calibo, Sandschafer was the global CIO of Novartis where he delivered one of the largest technology transformations in the pharmaceutical industry. During his five years with Novartis, he established many key capabilities, allowing the company to become an industry leader in its use of digital technologies. Previously, Sandschafer became one of the youngest CIOs at a Fortune 50 company, Chrysler and Fiat Chrysler Automobiles. During his 6-year tenure, he transformed Chrysler’s IT department into a business focused highly efficient technology organization. Earlier in his career, Sandschafer served in various roles at Case New Holland and Accenture. Sandschafer earned his B.S. in Mechanical Engineering at the University of Illinois at Urbana-Champaign. Calibo empowers organizations to build digital and data products that fuel growth in revenue, profit, market share, and operating efficiencies. Its industry-first integrated pPaaS offers fully managed data and analytics, web, mobile, and API development platforms; all with integrated DevSecOps capability. This pro-code platform has the flexibility to integrate into an enterprise’s own cloud and digital ecosystem with over 100 of the most popular cloud, data, and development technologies. “Digital technologies are enabling unlimited business opportunities for companies. Unfortunately, many organizations are missing the mark on these opportunities because they struggle to develop digital products at speed and with great customer experience,” says Sandschafer. “Calibo enables companies to deliver world class digital products that meet market and customer needs. Ultimately, Calibo allows business and technology leaders to beat their competition by delivering business results faster with lower costs.” In addition to providing an integrated Agile and DevSecOps-enabled platform, it simplifies the product and data engineering lifecycle as product teams define, design, develop, and deploy new products from concept to launch. The platform integrates, automates, orchestrates, and governs the product lifecycle and technology ecosystem improving engineering productivity by 20-25% and encourages reusability through its built-in Marketplace. The platform has several other benefits, including a framework to assess an organization’s maturity from an agility, engineering, and DevSecOps perspective, helping them achieve their ideal maturity state. About Calibo Calibo LLC enables digital business for enterprises to achieve outcome-driven business results and maximize value through new and better customer experiences. The company empowers organizations of all sizes to build and streamline engaging business models for growth without disrupting their existing technology ecosystem. Calibo’s integrated Product Platform as a Service (pPaaS) simplifies digital and data product development and offers a truly agile, integrated engineering environment from ideation to operation.

Raj Vattikuti Investments

1 Investments

Raj Vattikuti has made 1 investments. Their latest investment was in Webvan Group as part of their Series B - II on June 6, 1998.

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Raj Vattikuti Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/2/1998

Series B - II

Webvan Group

$19.5M

Yes

1

Date

6/2/1998

Round

Series B - II

Company

Webvan Group

Amount

$19.5M

New?

Yes

Co-Investors

Sources

1

Raj Vattikuti Portfolio Exits

1 Portfolio Exit

Raj Vattikuti has 1 portfolio exit. Their latest portfolio exit was Webvan Group on November 06, 1999.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/6/1999

IPO

$99M

Public

1

Date

11/6/1999

Exit

IPO

Companies

Valuation

$99M

Acquirer

Public

Sources

1

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