Lomax surfaces at Enigmatec

Lomax surfaces at Enigmatec

Former Misys chairman Kevin Lomax has joined UK software house Enigmatec Corporation as executive chairman after he participated in the company's £6.25 million series c funding found.

Lomax, who founded Misys in 1979, left the banking-to-healthcare provider in October last year following the breakdown of takeover talks. Lomax was leading a consortium of Misys' directors to undertake a management buyout of the firm, but failed to table a formal offer.

He joins Enigmatec's board of directors as executive chairman after participating in the vendor's latest funding round as a new investor along with Herald Ventures. Existing investors Amadeus Capital Partners and Pentech Ventures also took part in the financing.

Enigmatec says it will use the funds to continue expansion of its global sales force and to build out the capabilities of its IT process automation software. The additional funding brings the total raised by Enigmatec to $30 million.

Commenting on the company, Lomax says: "The market opportunity for run book automation is growing rapidly, and Enigmatec is positioned to be the leader in this exciting new technology field."

Enigmatec was founded in London in April 2002. The firm's flagship product, Execution Management System (EMS), is a cross-platform policy-based automation system. EMS combines IT process automation with policy-based control to allocate resources to the applications and users that need them in real-time.

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