Cambridge, UK – December 20, 2006 – Datanomic, the leading provider of integrated data quality solutions, today announced the completion of its most recent funding round. The new round of å£3.25 million ($6.3 million) was led by existing investors 3i and DN Capital with repeat participation from other Datanomic investors.
Jonathan Pell, CEO of Datanomic commented, This funding, together with the recent appointments of Tina Rogers as Chairman and Simon Pearson as Sales Director, positions Datanomic for leadership in the Data Quality market.’ Pell further noted that the proceeds of this round will be used to support Datanomic’s growing number of sales channels and partners, as well as further development of its flagship product dn:Director.
Expanding user base selects best-in-class software
Datanomic’s software is recognized as market-leading by industry analysts. Recent customer wins include Barclaycard, Davy and GAM who have all chosen Datanomic technology to ensure compliance with EU legislation on Financial Sanctions and Anti Money Laundering. Meanwhile, CGI, Tech Mahindra and Evolved Networks have joined the growing list of partners that have selected dn:Director to deliver data quality, data migration and data integration solutions.
dn:Director’s intelligent interface uniquely enables business and technical stakeholders to work collaboratively to monitor and improve data quality and business performance. It provides a single source for profiling, analyzing, cleaning, transforming and matching data that can be scaled from departmental to enterprise wide deployments. dn:Director’s use of open standards and support for a Service Orientated Architecture enables the implementation of real time validation and enhancement services, a critical component of any Customer Data Integration or Master Data Management project.
Matthew Mead, 3i director and Datanomic board member said, The new investment recognises 3i’s continued belief in Datanomic’s team and dn:Director, which places it as a clear leader in the rapidly growing data quality software market.’
Steve Schlenker, managing partner of DN Capital and a board member of Datanomic, said, Poor data quality is a pervasive business issue and Datanomic is uniquely placed to address the rising demand for enterprise wide information integrity solutions.’
About 3i
3i is a world leader in private equity and venture capital. We focus on Buyouts, Growth Capital and Venture Capital and invest across Europe, in the United States and in Asia Pacific. Our competitive advantage comes from our international network and the strength and breadth of our relationships in business. These underpin the value that we deliver to our portfolio and to our shareholders.
3i’s Venture Capital business focuses on investing in scaleable start-up and early-stage businesses. The business currently manages over 200 investments across Europe, US, Asia and Israel, valued in excess of ÌÎÌ£1bn. 3i’s VC investments fall into four main industry sectors, including healthcare, telecommunications, software and electronics/semiconductors.
For more information, visit www.3i.com
About DN Capital
DN Capital is a pan-European venture capital firm, backed by leading institutional investors in Europe and United States. Its focus is to actively assist leading European software and IT companies to become world class players. DN Capital brings more than just capital by adding significant value to its portfolio companies through the experience of its partners and network of industry professionals. DN Capital looks to invest ÌÎÌ£1-5 million per company, concentrating its investment activities in the United Kingdom, France, Nordics and Germany.
For more information, visit www.dncapital.com
About Datanomic
Datanomic’s holistic approach to data management enables its growing list of European and North American blue chip clients to rapidly achieve a Return on Investment by exposing and correcting deficiencies in information the business relies upon. Our clients come from a wide spectrum of industries including financial services, telecommunications, government, professional services and engineering. We are proud to count Barclaycard, Alliance & Leicester, Deutsche Bank, GAM, Davy, PricewaterhouseCoopers, KPMG, BellSouth, AMEC Oil & Gas and a number of NHS Trusts among our customers.
For more information, visit www.datanomic.com
Press Contact
Sophie Geering
Datanomic Limited
Tel: +44 (0)1223 228412
Email: sophie.geering@datanomic.com
Vanessa Land
Devonshire Marketing
Tel: + 44 (0)870 242 7469
Email: vanessa@devonshiremarketing.com