Datanomic secures $6.3 Million in New Funding

UK – 20 December 2006

Funding to drive company growth and further product development Cambridge, Datanomic, the leading provider of integrated data quality solutions, today announced the completion of its most recent funding round. The new round of £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.’

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