LONDON, UK (August 30, 2007) - DataGenic Ltd, a global provider of Data Management Solutions for small to large enterprises in Utilities, Investment Banking, Oil & Gas and Public Sectors, announced today a substantial equity investment by Dr Jacques Chahine, PhD in Mathematical Statistics, Chairman of Digital Funds – a Luxemburg-based Sicav - and founder of JCF Group (Jacques Chahine Finance) now part of FactSet Research Systems.
“The quality of the DataGenic team and the compelling value proposition of their technology have positioned them for continued success as the provider of mission critical data management solutions for the energy and finance industry”, said Dr Jacques Chahine. “I have a great deal of confidence in their current market solutions, which will be further enhanced and augmented with the exciting new offerings that are under development”
Richard Quigley, Managing Director, DataGenic said “We are lucky to have found an investor who has a real interest in our business and brings a wealth of experience in data management. This investment will allow DataGenic to accelerate the development program and extend our geographical footprint to further penetrate and support our target markets.”
About DataGenic Ltd.
DataGenic solutions delivers an uncompromising and refreshing combination of technology, performance and value to meet the complex data management requirements for companies that provide services in the Utilities, Oil & Gas, Investment Banking and Public Sectors. From a low-cost entry level to a full enterprise strength system, DataGenic sets a new standard in data management and operational efficiency by delivering the system infrastructure, flexibility and features to empower all business functions - transforming data into a strategic asset.
DataGenic solutions include Genic DataManager, a data management system which provides a controlled framework for the acquisition, processing, validation, management and distribution of complex usage data, Genic PowerView, an interactive graphical user environment designed for Profile Management, Forecasting and Sales and Genic EnergyView, a powerful charting, analytical and programming environment designed for energy market analytics, traders and researchers.
For more information, contact: Lucile Hogan DataGenic Ltd http://www.datagenicgroup.com Tel: +31 2056 16158 Email: Lucile.hogan@
