Solcara secures venture capital investment from The Capital Fund.

Solcara Limited - one of the UKs fastest-growing Enterprise Information Management software businesses - has secured significant venture capital investment from The Capital Fund, the Regional Venture Capital Fund for London.

(PRWEB) August 2, 2003 -- Solcara Limited - one of the UKs fastest growing Enterprise Information Management software businesses - has secured significant venture capital investment from The Capital Fund, the Regional Venture Capital Fund for London.

Founded in March 2001, Solcara has established a solid reputation for the fast and cost-effective delivery of innovative and high quality information and knowledge management solutions. The company has developed a unique suite of software that enables all types of organisation to profit in the knowledge economy.

With over 80 blue chip clients, Solcara has already demonstrated its ability to deliver a very rapid return on investment. Customers range from the Metropolitan Police to BP, Thomas Cook to Kingfisher, and Novartis to Carlton TV, demonstrating the appeal of Solcaras software products to a very broad range of business sectors.

According to Solcaras MD, Ray Jackson: In the next 12 months, we will continue to grow reference sites for Solcara software across a number of key business sectors, and to use these reference customers as a springboard for developing export sales. Over the past year, Solcara has been winning an average of two new major customers each month and much of this new business has been a result of existing customer referrals. The investment from The Capital Fund will enable Solcara to enhance our software to meet the developing needs of our customers who operate in an increasingly competitive and complex information driven world."

Jackson continued Everyone at Solcara is very excited about the future for our company; we have a fantastic customer base, world leading technology and now the funding which allows us to really focus on growing the business."

The Capital Fund is managed by London Fund Managers (LFM), a division of Yorkshire Fund Managers Limited, and sponsored by the London Development Agency. Investment Manager Mike Kennedy of LFM comments: Solcara has developed some unique technology which demonstrates that UK companies can lead the world in this vitally important area of information management.

"With an excellent management team and an already impressive client list, Solcara has the capability of becoming a significant player on the world stage. Our investment will help Ray and his team fund on-going development of the software and to ramp up the sales and marketing effort."

-ENDS-

About Solcara
Solcaras software enables individuals, departments or enterprise users to capture, store, manage and easily access information, content and knowledge in order to dramatically improve business processes. Solcara connects people to information that matters regardless of its format, type, or location. Users are able to find what they need, when they need it so that they spend less time searching for information and more time putting information to work.

Solcara's software has delivered efficiency and productivity gains for users across diverse organisations such as Law Firms, Police Forces, Management Consultants, Retailers, Government departments and many others.

London Fund Managers
The Capital Fund is operated by venture capitalists, London Fund Managers (LFM), a division of Yorkshire Fund Managers Limited (YFM). YFM is authorised by the Financial Services Authority and is a member of the British Venture Capital Association. The Capital Fund (www.thecapitalfund.co.uk) is sponsored by the London Development Agency (LDA).

The Fund's investors include the European Investment Fund, Barclays, Royal Bank of Scotland, local pension funds and the Department of Trade and Industrys Small Business Service. The fund will be invested over a period of up to five years in fast-growing SME businesses based in Greater London.