Pictured above: (l-r) Surjit Kooner (Midven), Chris Finch -
Sales & Marketing Director Connexica, Richard Lewis -
Managing Director Connexica
A Business Intelligence firm in Staffordshire has secured an
investment from one of the region's leading venture capitalists,
following the development of its latest software product.
Connexica, based in Stafford, has attracted an investment of
£250,000 from Midven' s 'Exceed Midlands Advantage Fund'; a
recently launched £18m fund financed by Lloyds TSB
Development Capital, Advantage West Midlands and the European
Regional Development Fund.
The investment is a result of Connexica's development of a new,
unique business intelligence tool; 'NetSearch', which allows users
to index, enquire, analyse and present large volumes of corporate
data at "search-engine" speed.
Richard Lewis, Managing Director of Connexica, said that
NetSearch' s speed, ease of use and flexibility set it apart from
its competitors.
"It is also less expensive than comparable BI software and has a
wider range of capabilities. These include the ability to search
and analyse both structured data (existing databases) and
unstructured data (e.g. documents) concurrently, because of our use
of search engine technology, and then presenting the results in a
single data view."
"The application also provides a simple dashboard view for
non-technical users or senior management who require fast access,"
he said.
Surjit Kooner, investment director of Midven' s Exceed Midlands
Advantage Fund, said that he was pleased to be working with a local
company with great potential.