Nathean Announces €800K Investment In Ireland

A fast growing Irish data analytics software company has announced that it is hiring eight to 10 new employees to support its export-led growth plans. With demand for its dynamic data analytics tool increasing significantly in both the Irish and UK markets, Nathean Technologies Ltd expects to double exports and increase revenues by at least 50% this year.

Nathean has received fresh investment of €800k to support its international growth plans including the roll out of a comprehensive product and technology roadmap, with international sales and marketing initiatives being put in place. The investment is being supported by Enterprise Ireland and existing investors. The additional hires will be recruited over the next 12 months to cover a range of roles including R&D and business development.

The previous round of investment by Nathean of more than €1M in its Logix Professional software suite enabled it to develop unique pre-packed analytics for both ERP and niche business software applications. Logix integrates with multiple platforms and applications, and provides data analysis, business insight, collaboration and results from day one of implementation. Exciting new product developments include Cloud based analytics being made available for smart mobile devices, including the iPhone and iPad.

Nathean has a growing base of public and private sector customers in Ireland. It is also experiencing significant growth in the UK, which is being driven by its partner network including UNIT4, which is Europe’s second largest ERP supplier. Nathean expects exports to make up 70% of its total revenues in 2011. It also has plans to extend the reach of Logix to other International markets by 2012.

Maurice Lynch, Managing Director at Nathean, said, “Today, business users expect to be empowered with appropriate data analysis and reporting tools to ensure they are effective in their role. However, traditional BI vendors have been found wanting in this regard. Nathean Technologies understands the expectations of the next generation business user and Logix Professional delivers on these. With this latest round of investment and new hires coming on board, we are building a strong platform for sustained international growth.”

(BMcN)