London, December 11, 2013 – Rosslyn Analytics, a leader in cloud-based data management and analytics, today announced that it has completed a £2.1 million investment. 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.
About Rosslyn Analytics
Driven by its mission to bring dynamic data analysis and real-time decision making to business organizations and government entities around the world, Rosslyn Analytics is a SaaS BI vendor that develops and markets the award-winning RAPid data management and analytics platform.
Focused on the preparation and management of ‘analytics-ready’ data, RAPid is the industry’s only cloud-based solution to integrate data management and analytics capabilities via a single platform enabling customers to not only accelerate and automate the process of data integration, cleansing and enrichment from both internal and external sources but also to empower businesses to customize reports and dashboards at a fraction of the cost and time associated with traditional approaches.
Through its unique combination of business, software and data expertise, customers including Xerox, and Clifford Chance work with Rosslyn Analytics to realize previously unobtainable benefits that generate new opportunities from their data, drive deeper business understanding and improve competitive performance.
Rosslyn Analytics is a privately held company, headquartered in the UK with operations in London, UK and New York, USA and maintains a global partner network which includes ISVs, systems integrators, solution providers as well as industry specialist business intelligence consultants.