DataGenicGroup | Extended R&D Program

Extended R&D ProgramDataGenic announces an expansion to its R&D budget

LONDON, UK - 4 Sep 07: 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 an extended program of R & D investment, following the investment by Dr Jacques Chahine.

“Our R & D spend has always been higher than the industry average of 7%”, comments Colin Hartley, CVO, DataGenic, “and the investment money allows us to sustain and even increase our current budget, which will accelerate our development program and time to market”.

“Our clients’ business environment is evolving and adapting at a frenetic pace, and there is a reduced tolerance on waiting for the addition of new functionalities”, says Hartley. “This has increased pressure on vendor partner companies like DataGenic to deliver products in shorter time-frames, whilst ensuring the highest level of quality.”

“As part of the investment, we will be adding further development resources to our Offshore Development Centre in Bangalore, and adding to our support infrastructure said Hartley.

Richard Quigley, Managing Director, commented: “As a technology solutions company, we must continually develop and adapt to our market requirements. Client-paid development, whilst beneficial, does not always align with the market time-frame and competitive pressures”. Quigley adds: “Having the capital investment for R & D dissipates that pressure, whilst helping to differentiate us in the market place and ensuring our future success”.

About DataGenic

DataGenic solutions deliver 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 DataHub, a single source of market data that are thoroughly cleansed and validated and ready for use within downstream systems in a number of formats and distribution methods; and Genic DataGrid, a powerful charting, analytical and programming environment designed for energy market analysts, traders and researchers.

For more information

Martin Rose
martin.rose@datagenicgroup.com

Europe

London: +44 203 008 8261
Amsterdam: +31 20 368 06 99

Asia

Bangalore: +65 6227 5710

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