Tarmin Technologies Limited, developer of advanced information management products, announces that it has successfully completed its initial round of financing, led by CREATE Partners with NW Brown and NorthStar Equity Investors participating.
Tarmin Technologies Limited, developer of advanced information management products, announces that it has successfully completed its initial round of financing, led by CREATE Partners with NW Brown and NorthStar Equity Investors participating. The funds will be used to further develop the company%26#039;s technology and to extend the penetration of key markets.
Tarmin is a frontrunner in the fast-growing market of Information Archive Management, the long term intelligent storage of electronic information. Demand in this market is being driven by factors including the exponential growth of unstructured fixed content, security requirements and new legislation.
Tarmin is special because the technology significantly improves the economics for everyone right across the industry value chain %26#8211; from OEMs to systems integrators to end users. We believe that Tarmin has powerful customer validation for its technology and the vision necessary to become a preferred provider of these critical solutions. We are pleased to be a part of this exciting venture.
By offering breakthrough improvements in key areas of networked information management, Tarmin%26#039;s products enable organisations to effectively address new online opportunities, mitigate risk and achieve significant cost savings.
Organisations of all sizes must understand where their information is, know it is secure and have processes to access it swiftly and economically across different applications and platforms, or risk disruption leading to economic loss, damage, or even demise. By making Intelligent Archive Management a priority, enterprises can reduce the risk of downtime, increase their resiliency to inevitable disruptions, become more flexible, and obtain a higher return on investment in their IT systems.
The founding team comprises experienced industry veterans from data storage, data security and data networking companies in the United States and Europe. %26quot;The size, timing and calibre of investors in this round are a testament to our team, products and strategy,%26quot; said Shahbaz Ali, president and CEO of Tarmin Technologies Ltd. %26quot;We are proud to have earned the respect and backing of institutional investors who understand this market space and are keen to help accelerate our expansion plans.%26quot;
%26quot;We are impressed with the strides Tarmin has made,%26quot; said Matt Pieterse, an Investor Director with CREATE. %26quot;Tarmin is special because the technology significantly improves the economics for everyone right across the industry value chain %26#8211; from OEMs to systems integrators to end users. We believe that Tarmin has powerful customer validation for its technology and the vision necessary to become a preferred provider of these critical solutions. We are pleased to be a part of this exciting venture.%26quot;
Notes for Editors
About Tarmin Technologies Ltd
Operating in the United Kingdom and the United States, Tarmin is positioning itself as a forerunner in the burgeoning field of Information Archive Management, the long term intelligent storage of electronic information. Tarmin%26#039;s software is designed to provide the enterprise with the most cost-effective and operationally effective data archival solutions available. For additional information, please visit www.tarmin.com.
About CREATE Partners Limited
CREATE Partners Limited is a fund management company that is focused on providing value beyond capital. We pride ourselves on our attention to detail, and high levels of integrity learned first hand in the investment banking sector. The team has significant experience in dealing with medium sized companies, including strategic reviews, flotations, fund raisings, MBOs, mergers and acquisitions.
Since its establishment in 2000, CREATE has built a reputation for successfully implementing an innovative investment approach to meet the needs of investors seeking international diversification in specialist private equity funds. In recognition for its high quality focus on early stage investments, CREATE was awarded %26#039;Equity Gap Fund of the Year%26#039; in September 2006 by a panel comprising leading UK venture capital and private equity investors.
CREATE Partners Limited manages The Create East of England Fund, a %26pound;20m venture capital fund investing in high growth companies that are based in the East of England. The fund is a private fund whose investors include the European Investment Fund, Bank of Scotland and the Department of Trade and Industry DTI. Since mid 2003 the Fund has made 25 investments across various sectors ranging from seed capital to MBO.
The NW Brown Group, founded in Cambridge in 1974, offers a comprehensive range of bespoke financial services to private and corporate clients throughout the UK. In the unquoted sector, the NW Brown %26amp; Co. is fund manager of GEIF Ventures Early Growth Fund %26pound;5m, the %26pound;4m Iceni Seedcorn Fund LLP and the %26pound;3.6m Eastern Co-Investment Fund %26quot;COIN%26quot;. Through the seed funds managed by NW Brown %26amp; Co. more than 20 investments to date. NW Brown %26amp; Company Ltd is authorised and regulated by the Financial Services Authority.
About NorthStar Equity Investors
NorthStar Equity Investors Limited NSEI
is an investment management company, specialising in high growth, technology-based companies in the North East of England. NSEI manages two funds totalling %26pound;33m, the %26pound;10m Proof of Concept Fund, funded by One North East and the European Regional Development Fund ERDF, and the %26pound;23m Co-Investment Fund, funded by the ERDF. NSEI is wholly owned by NStar but operates as an independent subsidiary and is regulated by the Financial Services Authority.
Mills %26amp; Reeve is a national law firm with 78 partners and a total staff of over 700, operating from offices in Birmingham, Cambridge, London and Norwich. Mills %26amp; Reeve is listed in The Sunday Times Top 100 Best Companies to work for and has also been recognised as one of the country%26#039;s top employers by the Corporate Research Foundation.
corporate services group has 28 partners and a total of 110 lawyers. The group includes specialists in tax, intellectual property, employment and pensions, providing clients with a full range of services. The specialist corporate finance team acts for all types of commercial clients including small to medium sized enterprises, PLCs, entrepreneurs, banks, venture capitalists, angel funders and public institutions. They are experienced in acting on innovative and complex transactions in the UK and globally.
About Bryan Cave LLP
Bryan Cave has a diversified international practice. The firm represents a wide variety of business, financial, institutional and individual clients, including publicly held multinational corporations, large and mid-sized privately held companies, partnerships and emerging companies. Aided by extensive investments in technology, Bryan Cave%26#039;s 800 lawyers in 12 offices across the United States, United Kingdom, the Middle East and Asia efficiently serve clients%26#039; needs in the world%26#039;s leading business and financial markets.
