Andy on Enterprise Software

A speedy investment

August 30, 2008

In recent years venture capital firm have generally shunned enterprise software companies, so it was interesting to see start-up expressor (no, this is not a typo) doing a USD 10 million round this week. The company has genuinely interesting data integration technology, and in a future release plans to add significant data quality functionality. Its use of parallelism enables it, in principle, to compete at the high end of ETL.

It is good to see venture firms dipping their toes back in the water of innovative enterprise software companies. A couple of years ago I came across what I thought was an interesting data quality company called Zoomix. I introduced them to a prestigious venture firm, who were entirely uninterested, at the time chasing after ever more trendy social networking websites (the company was in fact bought by Microsoft a few months ago, which would have netted a pretty decent return for the investors). Although the enterprise software sector is not exactly booming, there is still room for astute investments in differentiated technologies.