Intelligent investment from Midven
A Staffordshire company which has developed business intelligence software has received investment from the Exceed Midlands Advantage Fund, managed by venture capital firm Midven.
Connexica Holdings, based in Stafford, has attracted an investment of £250,000 from the fund - an £18m fund financed by LDC, Advantage West Midlands and the European Regional Development Fund.
The investment is on the back of Connexica’s development of a business intelligence tool called NetSearch that allows users to index, enquire, analyse and present large volumes of corporate data very quickly.
NetSearch has been used as part of the NHS Flu Line project to allow instant searches of over 1.8bn records as well as other health organisations such as PCTs, NHS trusts, hospital trusts, and the department for health.
Surjit Kooner, investment director of the fund, said: “The Midlands has developed a strong core of high-tech businesses such as Connexica, and Midven is keen to be involved in expanding this sector.”
