Adaptive Secures Funding for Business Expansion Tuesday 8 May 2001 PDF Print Investors provide an additional £1.7m in venture funding LONDON - 8th May 2001 - Adaptive Ltd today announced that it had secured an additional £1.7m in venture capital funding to help finance the expansion of its business. The expansion will have a particular focus on sales and marketing activities, in-order to maximise on the opportunities presented by the need of global organisations for solutions to help manage the complex integration of their business and IT functions. As a developer of repositories and repository tools, Adaptive specialises in helping global businesses to remain agile and respond faster to market changes, whilst reducing costs and minimising risk. These results are achieved through the rapid implementation and deployment of Enterprise Repository solutions to address common business problems. The investors, who are led by specialist IT investment and advisory company Interregnum plc, include 3i and Abbey National. "Adaptive's approach of applying its technology to solving real-world business problems, particularly in the areas of Enterprise Architecture, Component Based Development and Data Warehousing/Meta-Data Management, is particularly appealing. In today's world, technology purchases are increasingly based on real business benefits and the value proposition offered by Adaptive should certainly appeal to both CIO's and CEO's concerned with minimising risk and maximising the return on existing assets," commented Graham Ransom, Managing Director, Venture Marketing at Interregnum plc. "Adaptive has selected an excellent time to expand its operations. Global organisations are seeking the tools and expertise to help manage the complex integration of their business and IT functions. Without this integration, the productivity increases promised by Information Technology often remain unrealised." "To secure such funding in today's difficult market is a real boost to the team at Adaptive and sends a strong signal to the market," said Adaptive's Managing Director, Colin Fox. "We have been fortunate enough to secure the services of a number of leading professionals to strengthen our management team and now look forward to being able to execute on our strategies for growth." This investment comes only weeks after the company announced that it had acquired UREP repository source code rights from Unisys and that Unisys had taken an equity position in the company. About Adaptive Ltd Adaptive Ltd (www.adaptive.com), formed in 1996, is a supplier of products and services to organisations deploying or developing an Enterprise Repository. This technology allows customers to manage complex information from disparate sources by providing impact analysis, traceability and enterprise architecture management. Adaptive customers include Abbey National, Credit Suisse, Dun & Bradstreet and Royal & SunAlliance. The Adaptive Framework product set enables the rapid deployment of Enterprise Repositories supporting applications such as component-based development, meta data management and change management. Adaptive's products integrate with development tools from leading vendors including Rational, Princeton Softech, Popkin and Merant. Adaptive also works closely with partners including Unisys and Microsoft. The Company is based in Bournemouth, UK, and has offices in California, USA. About Interregnum plc Interregnum plc is an IT investment and advisory firm. It works with high potential IT entrepreneurs to develop, resource and implement aggressive, marketing-led, value-building strategies and to 'transform technology into wealth'. It currently has a portfolio of over 30 IT and IT-related investments with holdings principally in hardware, software, services and internet infrastructure businesses. Interregnum was established in 1992 and floated on AIM in March 2000. It is currently raising a £75 million venture capital fund. For further information: www.interregnum.com For further information contact: Mark McGregor Eric Leach Pip Creed Adaptive ELM Ltd Interregnum plc +44 (0) 1202 449412 +44 (0)20 8758 7587 +44 (0)20 7494 3090 firstname.lastname@example.org email@example.com firstname.lastname@example.org Adaptive Framework, Adaptive Enterprise, Adaptive Web and Adaptive Portal are trademarks of Adaptive Ltd, UREP is a trademark of Unisys, other product names used herein are for identification purposes only and may be trademarks of their respective companies. This press release was distributed by ResponseSource Press Release Wire on behalf of Eric Leach Marketing in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.