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Global IT Analyst secures £250,000 from The Capital Fund
Network Analytics announces appointment of Industry Veteran, Peter Osborn, as Chairman


Network Analytics, a leading global supplier of technology platforms that provide unprecedented analysis of the usage of IT systems for major multinational companies, has raised £250,000 from The Capital Fund, a £50 million venture capital fund that invests in fast-growth companies in Greater London. The Capital Fund’s investment follows previous funding from Katalyst Ventures, the private investor group, whose members have invested £309,000 in Network Analytics since 2004.

The company’s management team will use the capital injection to develop its product range and expand its international sales and marketing resource. Network Analytics has also announced the appointment of Peter Osborn, a software industry veteran and founder of Redwood International, as Chairman, following a nomination by The Capital Fund.

Founded in 2000, Network Analytics develops, installs and supports technology platforms that provide business managers in large companies with accurate, timely information on their IT systems that they can use to plan budgets, optimise usage, enhance quality of service, and support decisions on cost control and rationalisation of operating units. In addition, Network Analytics’ systems enable major corporates to comply fully with Sarbanes Oxley obligations which require transparent accounting and alignment of all costs involved in international operations.

Steve Hill, Chief Executive Officer of Network Analytics, explained: “Billions are spent every year by organisations on data communications. Over the last decade or so, large international companies built large numbers of data centres as local or regional capacity was increased in response to international growth or user demand. Data centres were also often acquired following mergers or acquisitions. The current trend is for these companies to take advantage of developments in the latest network technology to consolidate their IT infrastructure and rationalise the number of data centres required.

Our Network Data Analytics Processor systems can identify how applications in and between data centres interrelate, as well as which users are using which applications or processes, and at what cost. So managers now have the tools they need to assess the implications of closing data centres in business terms, allowing them to maximise cost savings and plan to avoid down time for users. The information from our systems can also be used to encourage better usage of IT networks, which typically results in better application performance, and reduced bandwidth usage with cost savings of up to 20%.”

Network Analytics’ impressive client list includes banks, global financial services businesses, telecommunications companies and pharmaceutical firms. The company has also secured partnership arrangements with major players such as Orange Business Services (formerly Equant) and Hewlett Packard.

Banks might use Network Analytics’ model of how the infrastructure is being used to ensure that user access restrictions for sensitive information are maintained, while pharmaceutical companies often need to track and apportion the costs associated with developing new drugs between teams operating in business units around the world. The systems can also assist financial teams to meet their accountability and compliance obligations and are particularly useful in generating information to support inter-country IT Cost and tax transfer claims, which rely on empirical evidence of the costs of communications and IT processes between countries and tax jurisdictions.

Network Analytics is now intending to exploit the substantial opportunities arising as companies increasingly adopt VoIP (Voice Over Internet Protocol) software that allows calls to be carried over data networks.

Mr Hill said: “We are well-placed to exploit the huge opportunities from the convergence of voice, video and data communications. VoIP, Video and Multimedia are all converging onto data netw


Publisher Contact Information:

The Capital Fund
+44 (0) 1865 811199
m.henry@oxin.co.uk

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