20 April 2018
visit www.ebaday.com

ClusterSeven secures £2.4m in first round funding

26 January 2006  |  3842 views  |  0 cash - swag bag sterling

ClusterSeven, a UK-based provider of spreadsheet management technology, has secured £2.4 million from venture capital firm Quester in a first round of investment funding.

ClusterSeven says the funds will be used to support product development and US expansion plans.

The vendor's software addresses operational risk control and the compliance impact of financial institutions' reliance on spreadsheets, and provides non-invasive, passive monitoring and tracking of spreadsheets down to a cell level across an institution.

Commenting on the funding, Henry Sallitt, a director of Quester, says: "In the current regulatory environment the control of spreadsheets is paramount and we believe there is a very substantial global market for ClusterSeven's products. The company has built an impressive client base, principally in the UK, and is poised for international expansion."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Level Four secures £2m investment

Level Four secures £2m investment

14 July 2005  |  4482 views  |  0 comments
Platform puts Microsoft Excel on the Grid

Platform puts Microsoft Excel on the Grid

12 November 2003  |  4065 views  |  0 comments
Thomson releases Microsoft Excel add-in for One Analytics

Thomson releases Microsoft Excel add-in for One Analytics

09 July 2003  |  3889 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
Visit http://wup.digitalVisit http://response.ncr.com

Top topics

Most viewed Most shared
Revolut launches spare change savings toolRevolut launches spare change savings tool
9619 views comments | 14 tweets | 19 linkedin
TransferWise becomes first non-bank to open settlement account with BofE RTGSTransferWise becomes first non-bank to ope...
8799 views comments | 17 tweets | 31 linkedin
Barclays Bank sets up tech venture unitBarclays Bank sets up tech venture unit
8375 views comments | 16 tweets | 22 linkedin
Top tier banks pass first transactions on trade finance blockchainTop tier banks pass first transactions on...
8364 views comments | 18 tweets | 23 linkedin
Goldman Sachs acquires PFM startup Clarity MoneyGoldman Sachs acquires PFM startup Clarity...
7936 views comments | 9 tweets | 10 linkedin

Featured job

Six-Figure Base + OTE + Benefits
London, UK

Find your next job