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BullGuard gets US$5 million Funding

In computers, it security, technology on December 10, 2008 at 12:59 pm

Londion-based computer security company BullGuard has received US$5 million (£3.4 million) from international venture capital firm DFJ ePlanet Ventures. The company has said it plans to use the funding to expand into Germany as well as hiring a new channel sales director for the UK.

More on this story from GrowthBusiness.co.uk

SCOTTY Group Beaming Up

In AIM, stocks, technology on December 1, 2008 at 7:03 pm

SCOTTY Group has announced it has won €1 million (£830,000) of new orders.

The AIM-quoted company – which turned a £765,000 loss into £977,000 pre-tax profits in the year to June, on turnover up 42 per cent to £6.8 million – says latest orders include five maritime ‘Telemed’ packages for an onboard hospital for the German Navy, aircraft tracking kit for the German Army and emergency response equipment for the Chinese national railways.

SCOTTY shares, which have fallen sharply from their 103.75p June peak, now trade at 49p, valuing the company at £9.9 million.

Illumix Software Expands to North-east

In it, software, technology, venture capital on November 11, 2008 at 12:26 pm

News that Illumix has received £1.5 million in venture capital funding in order to set up a technical centre in the North-east of England.

The company’s technology aims to help large corporations with complex IT infrastructures to more accurately align IT resources with business requirements.

Chief technology officer Andrew Parker said: In many cases, businesses are supporting expensive legacy IT platforms that could be greatly optimised in terms of performance and operating costs.’