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Datanomic Secures $3.5 Million in Investment

At 28 Mar 2008 06:02:21 in RDR-News in Brief, RDR-The Corporation, Reference Data Review    Print Article  Email Article   Full content requires subscription 

Data quality specialist Datanomic has secured a further $3.5 million investment on the back of a year of growth and momentum, it says. The investment, provided by 3i, DN Capital and Silicon Valley Bank, will fund Datanomic’s geographical expansion, strategic partnership activities, and help develop market penetration within its two core lines of business – SPS (Sanctions PEP Screening) and DQI (Data Quality Integration). The vendor says demand for its data quality platform, dn:Director 6.2 (Reference Data Review, February 2008), helped it grow its revenues by more than 300 per cent during the past 12 months and secure more than 50 new customers in the financial services, as well as telecoms and retail, markets.

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