Cambridge tech spin-out targets $1.3bn IT market
A new Cambridge technology spin-out has secured £1.232m in an over-subscribed A-funding round to attack the growing sector of IT visualisation.
Real-Status has been spun out from IT optimisation consultancy, Intergence Systems after two years of incubation.It focuses on IT and network modelling and visualisation and operates in the $1.3 billion sector of IT dashboard and analysis software.Its technology allows IT managers and CIOs to see a virtual model of their entire ICT infrastructure and visualise performance metrics and attributes on the model. This facilitates the rapid identification of issues and enables users to organise their network and IT systems to give optimal performance and utilisation. Real-Status is already involved in customer trials with multinational companies and is due to launch its first product in the second quarter of 2011. The product was developed with Cambridge-based Geomerics, which provides cutting-edge graphics technology normally used in the computer games industry. Support was also received from the East of England Development Authority and the Technology Strategy Board. Real-Status says the new funding will be used to commercialise the product and further develop the business. The funding round was led by the brokers, W H Ireland and includes angel investors and Syntax, a value added reseller. When Syntax experienced the technology, they understood the potential and the market size and decided to become an investor as well as a reseller. Intergence and Geomerics both hold equity stakes in Real-Status. ANGLE plc was Geomerics’ initial investor and remains its largest shareholder. Real-Status CEO Royce Murphy said: “In these tough economic times it’s clear that there is a need for companies to have a much clearer understanding of their IT infrastructure. “Our flagship product takes techniques and know-how from the computer games industry and uses it to help our customers model and understand their complete IT and network infrastructures and make more informed decisions. “Every mid-sized to large enterprise uses multiple management tools for their servers, networks, security, virtualisation and storage, and it is very difficult to correlate data from multiple tools in order to make operational and planning decisions in context.“IT dashboard and analysis software is already a $1 billion-plus market, and Real-Status’ technology promises breakthrough products that will display virtual and physical infrastructure together in a scalable way.” Parent company Intergence is also working on other collaborative projects with Cambridge companies and developing innovative technologies with leading academic institutions.Intergence CEO and Real-Status chairman, Peter Job, said: “Real-Status is a great example of collaboration between the two British companies supported by the Technology Strategy Board. “The result is a world class product that is already winning customers outside the UK and creating new jobs. The market for IT visualisation will be huge and Real-Status will help CIOs and IT managers to make informed decisions about their networks ‘at the speed of sight’.”Real-Status product development partner, Geomerics, partners with many of the leading companies in the games industry and is currently working with developers around the world on AAA titles for release in 2011 and 2012.• PHOTOGRAPH SHOWS: Intergence CEO and Real-Status chairman, Peter Job