Belfast Telegraph

Thursday 26 May 2016

Data analysts set to expand following £1m cash boost

By David Elliott

Published 27/02/2014

Deirdre Terrins of Crescent Capital with Dr Stephen McKeown and Professor Roger Woods of Analytics Engines
Deirdre Terrins of Crescent Capital with Dr Stephen McKeown and Professor Roger Woods of Analytics Engines

A Belfast company which specialises in analysing huge amounts of data has managed to raise over £1m in funding.

Analytics Engines which "accelerates applications for databases and big data" said it will use the money to speed up the development of new products, break into new markets and explore overseas markets.

Analytics Engines' products are designed to offer significant benefits to companies that need to run faster, more accurate analysis on large volumes of data – such as those in the finance, genomics, utilities and database sectors.

Dr Stephen McKeown, CEO of Analytics Engines, said the companies technology saves time.

"Tasks that formerly took hours to perform are now possible in minutes – this creates significant business opportunities that were unobtainable only a few years ago," he said.

"We are very excited with this new funding round as it will allow us to more rapidly progress our product roadmap, improve our product portfolio and diversify our offering into new markets."

Deirdre Terrins, who led on the origination and completion of the investment for Crescent Capital as investment manager, said the deal shows the funds belief in the sector.

"This investment demonstrates our belief that Analytics Engines is building highly attractive and disruptive technology, which is at the forefront of the needs of businesses now and in the foreseeable fast paced future of big data across high growth sectors. We are looking forward to supporting the development and success of this exciting proposition," she said.

From the web

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting?

Read More

From Belfast Telegraph