New investors included Amati Global Investors. The company’s principal existing investor, IQ Capital, also continued their support for Rosslyn, enabling the Company to take a further step towards its proposed IPO in 2014.
The new funding, which was supported by Cenkos, will be used to further expand international operations in the US and Europe, grow sales and marketing and invest in developing new product capabilities.
Frustrated by the high costs, extended time-to-market and inflexibility of legacy, on-premise data management and analytics solutions, FTSE 100, Fortune 500 and midmarket organizations including Aberdeen Asset Management, Clifford Chance and Coca-Cola Enterprises, are using Rosslyn Analytics’ RAPid platform to generate new opportunities from their data, drive deeper business intelligence and improve competitive performance. This unique value proposition, coupled with Rosslyn’s proven experience of working with high profile customers and partners served as the cornerstones driving the investment.
“Today’s businesses face the challenge of devising new strategies for extracting the most valuable analysis from their corporate data, and a cloud-based approach provides the greatest ease and flexibility for delivering these. For Amati, Rosslyn Analytics represents one of the most innovative and exciting prospects in this market by giving organizations accessible tools to provide sophisticated analysis of large and complex data sets,” said Dr Paul Jourdan, CEO, Amati Global Investors. “We have been impressed not just by Rosslyn’s product offering, but also by the way in which the company has been able to engage effectively with some very significant corporate customers and partners.”
“Good data is no longer good enough,” said Charles Clark, CEO, Rosslyn Analytics. “At Rosslyn, we’re addressing the critical requirement of supporting leading organizations to make strategic decisions, by enabling them to integrate and transform their raw and dirty data that resides in multiple systems into a foundation of increasingly valuable information. This disruptive technology is enabling companies to unlock the hidden value in their data, uncover new and valuable insights and accelerate innovation. The ability to rapidly integrate and connect data from multiple sources is a new frontier in enterprise analytics and Rosslyn is leading it.”
About Amati Global Investors
Amati Global Investors is a specialist investment management business based in Edinburgh, and focused on investment in small and mid-sized companies in the UK. Amati manages the TB Amati UK Smaller Companies Fund, an open-ended fund which invests in companies valued at up to £2bn which are quoted in London. Amati also manages two Venture Capital Trusts - Amati VCT and Amati VCT 2 – which are primarily focused on companies quoted on AIM, but also makes some investments in private companies where the managers believe that either an AIM flotation or a trade sale will occur within 24 months.