Company Overview
Snapshot
Founded in July 1999, Sagarmatha operates with 51–200 employees. The company has secured $6 million in funding across one disclosed round from investors including TechnoPlus Ventures Ltd. and Polar Communications Ltd. In August 2021, Sagarmatha appointed Shimrit Danino as its Global Sales and Business Development Vice President, highlighting its focus on expanding its market reach and commitment to gender equality with over 50% women employees.
Business overview
Sagarmatha develops and markets data-centric solutions designed to influence the path to purchase and streamline retail marketing decision-making. The company's core technology leverages a highly advanced data-mining engine and a fully automated personalization solution that analyzes historical transaction data in hundreds of dimensions. This enables retailers, telecom operators, and credit card companies to unlock value from their data warehouses. Sagarmatha serves major retailers and manufacturers worldwide, helping them grow customer revenue by synchronizing offers with actual purchase patterns. The company operates within the Business Software sector, specifically in IT, R&D & Data Solutions, and Sales & Marketing Solutions, with a focus on Data Analysis & Decision Support, e-Commerce Tools, and Advertising Platforms.
Strategic signal
In August 2021, Sagarmatha appointed Shimrit Danino as its Global Sales and Business Development Vice President. This strategic hire signals the company's intent to aggressively expand its global market presence and strengthen its sales leadership. The appointment, notably made while Danino was in her ninth month of pregnancy, also underscores Sagarmatha's commitment to gender equality and inclusive hiring practices, which can enhance its employer brand and attract diverse talent in the competitive AI and data analysis market.
Log in to access full profile ›Company Intelligence Q&A
- What is Sagarmatha's core business?
- Sagarmatha develops and markets data-centric solutions that influence the path to purchase and streamline retail marketing decision-making. The company's behavioral-targeting tools reach tens of millions of consumers each week.
- When was Sagarmatha founded?
- Sagarmatha was founded in July 1999.
- What was a significant leadership appointment at Sagarmatha?
- In August 2021, Sagarmatha appointed Shimrit Danino as its Global Sales and Business Development Vice President. This appointment was highlighted for its focus on gender equality within the company.
- What was a key development in Sagarmatha's North American operations?
- In February 2016, Sagarmatha expanded its North American direct customer success team by hiring Daniella Sanchez and Shawn Williamson. This move aimed to increase its presence in the U.S. and Canadian markets, supporting personalized marketing programs for clients like Food Lion and Shoppers Drug Mart.
- What was a notable financial event for Sagarmatha?
- In June 2012, Sagarmatha signed a cooperation agreement that included a six-month option for a third party to acquire the company for $33 million. The company had raised $6 million from investors including TechnoPlus Ventures Ltd. and Polar Communications Ltd.