Sign In
NewsRadar

Search Press
Looking for press releases of a particular company? Enter company name (or keyword) here.

   


3i backs Datanomic as future of data quality


3i BACKS DATANOMIC AS FUTURE OF DATA QUALITY

Cambridge, UK: Datanomic, Europe’s fastest-growing data quality company, has attracted a significant £2.5 million investment from 3i, in a round of series B funding. Existing investor DN Capital of London increased its support for the company in this round and members of the company’s board and management team also participated.

The investment is a major endorsement for Datanomic’s new senior management team and its next generation data quality solutions. Datanomic, founded by Dr Richard Marsh, recently augmented its team with the recruitment of Laurie Mascott, former region manager at Siebel Systems and former MD Europe for WebMethods, as CEO and Tom Scampion, former EMEA vice-president sales for Trillium Harte Hanks, as vice-president sales.

The global data quality software market is increasing rapidly and according to leading analyst Gartner will be worth over $1billion by 2007. The additional funding puts Datanomic in pole position to exploit this opportunity by enabling it to further develop its product portfolio, build strategic partnerships and expand internationally.

Matthew Mead, 3i director and Datanomic board member said, “Corporates are increasingly acting on the critical need to improve data quality and 3i believes Datanomic has the team, expertise and technology to dominate this rapidly growing market. We have been actively looking to invest in the data quality arena for some time and having closely analysed the market, Datanomic stood head and shoulders above legacy providers of data quality solutions. Datanomic has an outstanding management team and we look forward to working with them to accelerate the company’s expansion plans via our international and US networks.”

Steve Schlenker, managing partner of DN Capital and a board member of Datanomic, said, “Datanomic now has one of the best enterprise software management teams of any venture backed company in the United Kingdom. This new round of funding provides the capital to enable Datanomic to meet the accelerating demand from its customers and from the industry as a whole for enterprise-wide information integrity.”

Steve Newton, Datanomic chairman said, “We are building a world-class company at Datanomic. A receptive market, great products, a great management team and excellent investors make for the crucial ingredients for our success. 3i’s investment is a major endorsement of Datanomic and its capacity to deliver real value to its customers.”


About Datanomic
Datanomic specialises in end-to-end data quality management and information assurance. It delivers the world’s only integrated data quality software system that combines data audit, clean, error prevention and compliance. It solves data quality and business process problems for its rapidly growing European blue chip client base across all sectors including telecoms, finance, utilities and engineering. Clients include AMEC Oil and Gas, Powergen, Alliance & Leicester and COLT Telecom. For more information see: www.datanomic.com

About 3i
3i is a world leader in venture capital and winner of the 'VC Fund of the Year 2004' Investor AllStars Award. We focus on early stage venture capital investing across Europe, in the United States and in Asia Pacific. During 2004, 3i was the most active European VC investor firm, investing £74m in early stage technology companies in the 6 months to 30 September 2004. It also achieved successes such as the floatation of Cambridge Silicon Radio on the London Stock Exchange, led a $40m series C financing round in Vonage, the leading provider of broadband phone service, a £2m investment in start-up, 42 Objects, and many others. For more information, go to: http://www.3i.com

Press information: For further information about 3i please contact: Rachel Richards, 3i press office on +44 (0) 20 7975 3573; email: rachel_richards@3i.com

About DN Capital
DN Capital is a pan-European venture capital firm,<


Publisher Contact Information:

Datanomic Limited
0044 (0) 1223 566212
natalie.yates@war.uk.com

Company profile of Datanomic Limited (acquired by Oracle)
Past press releases of Datanomic Limited (acquired by Oracle).

Data


26,368
Tech investments
From our Online Data Service
17,022
VC-backed companies
From our Radar


Recent Deals


DATEAMOUNTSECTOR
Nov 15€2.4MMaterials
Nov 15€6.0MArtificial Intelligence
Nov 15€3.5MSoftware development
Nov 15N/AInternet services
Nov 14€4.5MOther Software
Nov 14€4.7MBusiness applications
Nov 14€9.0MKnowledge management

For information on Europe's most extensive database on technology funding click here!

Events



Press Releases


May 28
Identiq
identiq raises $5m seed, launches privacy-first identity validation...

Apr 29
Nethone
nethone raised over $1 million from innovation nest

Oct 1
The Link App
the link app launches version 2.0

Mar 29
Addex Therapeutics
addex sucessfully raises chf40 million in capital increase

Jan 2
Urban Jungle
urban jungle raises £1m in seed funding to build tech-enabled home ...





About usContact usLegal Information
Copyright © 1999-2019
Emerging Technology Research Europe Inc. All rights reserved.