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August 13, 2007
Enigmatec Raises $12.5M For Data Center Management SW
Enigmatec, a UK startup that sells data center management software ( buzzword is Run Book Automation or RBA), now has a heavy-hitting tech founder as an investor in addition to VCs, according to its announcement today where it said it raised $12.5 million (£6.25 million) in series ‘C’ financing.
Expansion plans will be funded by the new money. Enigmatec has raised $30M since Amadeus seeded the venture back in 2002.
The latest funding round included current investors Amadeus Capital Partners and Pentech Ventures out of Scotland, with additional participation from Herald Ventures and Kevin Lomax, formerly the executive Chairman of Misys. Both new investors will get a board seat. Lomax is executive chairman.
The early investors our regular readers will be familiar with. Misys you will recall is one of Europe's larger software companies and is more than 25 years old. It was founded by Kevin Lomax and is publicly traded out of the UK. It employs 6,000 people with turnover in excess of £1B, according to Digital Look. Its market cap is £1.2B.
Lomax recently stepped down from a dual role of CEO and board chairman.
Herald Venture is a UK only VC fund that typically puts in new capital rather buying out existing shareholders. It will generally take a minority stake and seeks a board seat too.
View Enigmatec
Posted on August 13, 2007 05:40 PM | Posted to News And Updates | Software | Permalink
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