Investee Company – Enigmatec Corporation (UK)
Investee Company Business Type – Develops a suite of reactive rule-based products and tools for the business environment
Type of Financing – Seed
Equity Providers – Amadeus Capital Partners
Equity Leader (Individual) – Laurence John, Amadeus Capital Partners
Debt Providers – N/A
Debt Type – N/A
Debt Leader (Individual) – N/A
Equity Amount – £1 million
Total Deal Value – £1 million
Other Advisors – N/A
Comments – Amadeus Capital Partners has made its first investment from its Mobile Seed Fund by taking a £1 million stake in reactive rules company, Enigmatec Corporation.
The seed investment will enable the company to establish a London office and accelerate the development of its Reactive Intelligence ? products and tools. This technology allows enterprises to react intelligently to change and dynamically to adapt their business and operational processes, using an event-condition-action rules model.
Enigmatec Corporation was founded in 2001 by Duncan Johnston-Watt and Michael Paull. The company has recently expanded its management team with the appointments of Steve Ross-Talbot and Gary Brown, who have become chief scientist and head of research respectively.
In 1999, Russ-Talbot was nominated for the ComputerWorld Smithsonian Award for his work with Java technologies. Both Ross-Talbot and Brown have been involved with developing the application of event-conditioning-action rule technology in financial services. Ross-Talbot is also co-chair of RuleML, a new standards initiative in the rules space that has the backing of Tim Berners-Lee, director of W3C and the inventor of the World Wide Web.
Laurence John, CEO, Amadeus Mobile Seed Fund said: “This technology offers real return on investment for enterprises by ensuring that business users remain firmly in control, wherever they are, allowing them to make informed decisions by intelligently delivering the right information, at the right time, to the right device.”
The Amadeus Mobile Seed Fund was launched in 2001 to back very early stage companies developing innovative technologies applicable to the mobile space.