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SeeWhy Software raises GBP 2 million in Series B round led by LogiSpring


Windsor, UK and Geneva, Switzerland – July 21, 2005 – SeeWhy Software and LogiSpring announced today that UK-based Operational Business Intelligence software provider SeeWhy has closed a GBP 2 million Series B round, led by LogiSpring. Charles Nicholls, founder and chief executive officer of SeeWhy, indicated that the company will use the funds to broaden its sales efforts and to accelerate development of products which leverage SeeWhy’s unique Adaptive Interpretation technology. LogiSpring, a transatlantic venture capital investor in supply networks, industrial processes and enterprise infrastructure, was joined in this round by Series A investors Pentech Ventures and Delta Partners.

The SeeWhy system leverages the explosion in real-time, operational data that is available to companies today. Traditional data warehouse architectures and query based analysis tools are effective in analysing historical trends, but are ill suited to interpreting streams of data required for a broad set of real-time, business control decisions.

SeeWhy’s enterprise-class, real-time business intelligence software was designed from the start to perform fine-grained, business analytics on high-volume streams of live data. These real-time capabilities are valuable in many different industries’ supply chains, from manufacturing through retail, telecom and financial services companies, where the transaction volumes are high and the ability to respond proactively in real-time is valuable. For example, retailers have long accepted losses in the supply chain and at the point of sale as an unavoidable cost of doing business. By analysing a wide range of events across disparate systems in real-time, including data from sensors and RFID, SeeWhy enables retailers to detect these problems and intervene before the loss has become unrecoverable.

“Many businesses have built data warehouses in their quest for insight into business performance, but in reality they are merely trying to catch up with yesterday,” Nicholls said. “Leading companies require forward-looking actionable insight from the ever increasing amounts of real-time data flowing across their business, from track-and-trace data along the supply chain to point-of-sale data. We are excited about having LogiSpring on board as new investors and we are sure their experience in supply networks will benefit SeeWhy as we execute our strategy.”

“The key challenge in real-time Business Intelligence is the ability to automatically interpret the impact of changes on the business as it flows through the enterprise information systems. This is precisely what SeeWhy does and we believe the company has both the right talent pool and technology offering to define this emerging space,” said Jean-Yves Quentel, Partner at LogiSpring.

About SeeWhy
SeeWhy Software is a leading vendor of Operational Business Intelligence software. The SeeWhy system is a self-tuning Operational Business Intelligence platform that monitors and interprets the impact of enterprise-wide business events. Captured via integration software, web services or direct from application databases, these events are evaluated in real time to give immediate notification or action where required. SeeWhy Software was established in 2002 by Business Objects veteran Charles Nicholls. For more information, visit www.seewhy.com or call +44 (0) 1753 752 476.


About LogiSpring
LogiSpring is a venture capital firm investing in companies with technologies, services and solutions in the field of supply networks, industrial processes and enterprise infrastructure. LogiSpring has a global mandate and an international team that brings a wealth of experience in supply networks, technology and private equity. LogiSpring has invested in companies in Europe and the USA, and operates a back-office in Geneva, Switzerland. Investors in the LogiSpring managed Funds include TNT and Booz Allen Ham


Publisher Contact Information:

SeeWhy Software Ltd.
+41 (0) 22 716 4230
frans.van.schaik@logispring.com

Company profile of SeeWhy Software Ltd.
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