Enigmatec, which provides automated IT processes, has secured $12.5m (£6.25m) of funding to continue its global expansion.
Amadeus Capital Partners, Pentech Ventures and Herald Ventures have all invested in the company, which will use the funds to further develop its product range and to expand its sales force.
The London-based company, founded in 2002, and provides companies with ‘policy-driven’ automated software products intended to improve best practice.
The latest funding round brings the total invested in the business to $30m.
Kevin Lomax, a founding investor of the successful software company Misys, will join Enigmatec’s board of directors as executive chairman.
“The market opportunity for run book automation is growing rapidly and Enigmatec is positioned to be the leader in this exciting new technology field,” he said.
“Enigmatec has a unique technology architecture, a strong focus on enterprise-class solutions, and a proven record of delivering command and control to the enterprise data centre.”
Taymour Ezzat of Herald Ventures, added: “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.”
© Crimson Business Ltd. 2007