Amadeus Capital Partners, the technology investor, today announced that its Mobile Seed Fund has made its first investment and taken a £1 million stake in Enigmatec Corporation, the pioneering reactive rules company.
The Amadeus Mobile Seed Fund was launched in 2001 to back very early stage companies developing innovative technologies applicable to the mobile space. The fund has identified Enigmatec’s Reactive Intelligenceª middleware as a key enabling technology that allows enterprises to react intelligently to change and dynamically to adapt their business and operational processes, using an event-condition-action rules model.
Founded in 2001 by Duncan Johnston-Watt and Michael Paull, Enigmatec has recently expanded its core management team, with Steve Ross-Talbot and Gary Brown assuming the roles of Chief Scientist and Head of Research respectively, thus bringing together world-class technical expertise. In 1999, Johnston-Watt was nominated for the ComputerWorld Smithsonian Award for his pioneering work with Java technologies, while Ross-Talbot and Brown have pioneered the application of event-condition-action rule technology in financial services. In addition, Ross-Talbot is co-chair of RuleML, an important new standards initiative in the rules space that has the backing of Tim Berners-Lee, Director of W3C and the inventor of the World Wide Web.
Laurence John, CEO, Amadeus Mobile Seed Fund said: “Enigmatec’s rules-based technology demonstrates clearly that there are still valuable opportunities both in early stage investing and in the wireless sector. Here is a team of exceptional ability and experience, who have developed a broadly applicable technology of great potential value to the enterprise mobile sector. This technology offers real return on investment for enterprises by ensuring that business users remain firmly in control, wherever they are, allowing them to make informed decisions by intelligently delivering the right information, at the right time, to the right device.”
Commenting on the investment Michael Paull, CEO, Enigmatec says, “Amadeus has a fantastic track record of working with advanced technology companies and is the perfect seed investor for Enigmatec. From a practical point of view this investment will enable us to establish a London office and accelerate the development of our Reactive Intelligence™ products and tools”.
“Our reactive rules technology will change the way business thinks about business,” adds Duncan Johnston-Watt, CTO, Enigmatec. “Five years from now you won’t be in business unless you’ve embraced our net, event and role-centric vision and implemented an intelligent real-time infrastructure.”
The initiative has already attracted support from 25 groups around the world and is expected to morph into an established Working Group on rules within the W3C Semantic Web Activity, whose charter statement now includes rules. For further information, visit www.dfki.de/ruleml
About Enigmatec Corporation
Enigmatec Corporation is a privately held software products company, founded in April 2001 by Duncan Johnston-Watt and Michael Paull. Enigmatec is developing a suite of reactive rule-based products and tools that address the business needs of the C21st enterprise.
Enigmatec’s net, event and role-centric vision delivers the global, mobile and agile business solutions demanded by the modern enterprise, while its support for and active involvement in RuleML and the Semantic Web underline its commitment to open standards and the importance of their contribution to the emergence of intelligent computing.
Enigmatec’s reactive rules technology is at the heart of the smart fabric that delivers the flexibility that lets the enterprise react intelligently to change and dynamically adapt their business and operational processes. This technology also shapes the enterprise logic that in the mobile context puts the business user in control, wherever they are, allowing them to make informed decisions by intelligently delivering the right information, at the right time, to the right device. For further information, visit www.enigmatec.com
About RuleML
The Semantic Web, Web Services, and Business Rules are the trinity of today’s cutting-edge World Wide Web activities – in international standards bodies such as W3C and OASIS as well as the software industry worldwide.
This trinity is also at the heart of the Rule Markup Initiative, which has defined RuleML as an XML/RDF language for Web-based rule interchange and processing. The goal of this initiative is to provide a canonical Web language for semantic rule services: RuleML is a common format permitting businesses to negotiate and use rule packages that encode contracts with other businesses (B2B) or policies with regard to their customers (B2C).