Enigmatec Receives $14 Million in new Funding

As financial firms find their data centers running out of space and capacity, many are revamping and enhancing data centers to be more efficient. One technology provider, Enigmatec, an enterprise data center automation vendor, is cashing in on the trend and has raised a further $14 million to accelerate the expansion of its international operations. The funding will also be used to establish a Center of Excellence in Scotland.

The round includes participation from new investors Scottish Enterprise and Noble Venture Finance as well as current investors Amadeus Capital Partners, Pentech Ventures, Herald Ventures and Kevin Lomax.

Peter O'Neill, Enigmatec CEO, stated in a release: "I am delighted to welcome our new investors on board. This financing allows us to scale up our sales and marketing operations and take full advantage of the exceptional engineering talent in Scotland," O'Neill said. "I look forward to working with Scottish Enterprise to support our operations there. Critically, we will now have the talent and scale to serve our customers in our key markets of North America and Europe."

Enigmatec, which lists Barclays Global Investors, JPMorgan Chase and Nationwode Building Society as financial clients, is also planning on expanding its presence in the US in preparation for broadening its sales activity within the telco and financial services sectors. Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio