Sumerian, a provider of Forward Thinking IT analytics to many of the leading Fortune Global 500, today announced a further £2.4M investment as it’s new SaaS predictive analytics platform gains momentum in open beta.
The £2.4M investment is being led by Scottish Equity Partners (SEP), alongside the Scottish Investment Bank (SIB), the investment arm of Scottish Enterprise.
It will help the Edinburgh-based company accelerate its growth and support the launch of its new SaaS (software as a service) IT analytics platform, Sumerian Workbench®, which is currently in open beta.
During the beta users will be offered free access to Workbench, and will be able to run their own predictive analytics in the cloud to identify tangible cost savings and performance gains on their IT estates.
“Sumerian has spent the last 10 years working with leading companies doing predictive analytics to make their IT investments generate a better return”, commented Bryan Clark, Sumerian CEO.
“Our results speak for themselves – millions saved and major performance improvements achieved. Now we’ve taken all that experience and built it into our new Forward Thinking analytics platform – Sumerian Workbench® – and made it available in the cloud for everyone to use.”
Andrew Davison, Partner at SEP who led the deal, said: “Our further investment in Sumerian is based on growing global market demand for its IT analytics services and an impressive list of blue chip clients. The management team has a strong track record, a growing pipeline of opportunities and has built a trusted brand. It is competing in an exciting global market and SEP is pleased to be able to support the company’s growth plans.”
SIB’s Scottish Venture Fund is also investing in the company. Head of SIB Kerry Sharp said: “Sumerian illustrates Scotland’s worldwide reputation for innovation, performing advanced analytics that deliver tangible business value to the customers they work with and spearheading a technology in which Scotland can become world leader – exactly the type of innovative business we’re here to support.”
