Enigmatec Gets $12.5M Series C

Enigmatec announced it has attracted $12.5M ( GB pound 6.25M) in series 'C' financing

August 13, 2007

1 Min Read
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LONDON -- Enigmatec Corporation Limited, the award-winning leader in enterprise IT Process Automation (Run Book Automation” or RBA) solutions, today announced it has attracted $12.5 million (£6.25 million) in series ‘C’ financing. The latest funding round included current investors Amadeus Capital Partners and Pentech Ventures, with additional participation from Herald Ventures and Kevin Lomax, formerly the executive Chairman of Misys, who also joins Enigmatec’s board of directors as Executive Chairman. Enigmatec will use the funds to continue expansion of its global sales force and to build out the capabilities of its IT process automation software products and solutions. The additional funding brings the total raised by Enigmatec to $30 million.

“We are excited to be a part of this exciting phase in Enigmatec’s growth,” said Taymour Ezzat of Herald Ventures. “The demand for automation solutions to reduce the cost and complexity of managing large enterprise IT environments is exploding. Enigmatec’s powerful technology platform, enterprise-class scalability and performance, and international presence have positioned them as a leader in this rapidly expanding market. We are committed to Enigmatec’s vision of delivering the automation solutions that will power the next generation data centre.”

“Automating IT management processes is a key objective for IT executives focused on driving down the costs and reducing the complexity of IT operations,” said David Williams, Research VP at Gartner. “Many tools provide aspects of IT operations automation; however, only RBA tools provide the ability to mix both automation and manual process steps, orchestrate IT operations process, provide process templates and integrate with a wide range of IT operations tools in support of the process.”1

Enigmatec Corporation Ltd.

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