April 3, 2007
Prime Technology Ventures has sold its majority stake in Human Inference to GIMV and Iris Capital for an undisclosed amount. Prime Technology Ventures has been a shareholder in Human Inference since the management buy-out in 2003.
Sake Bosch, managing partner of Prime Technology Ventures: “In this period the company has done very well. It has professionalized its management team and organization, increased profitability and more than doubled its revenues. The transaction with GIMV and Iris Capital has resulted in a fantastic return on our investment.”
This is the third exit of Prime Technology Ventures in the last couple of months. Earlier MarketXS (Markit) and Watermark (Qurius) were sold to strategic buyers.
About Human Inference www.humaninference.com
Human Inference is market leader in the field of solutions that improve data quality and prevent data pollution. The software is based on natural language processing that uses country-specific knowledge. The solutions make integration of data from different sources possible. The software is geared to large databases and mission-critical systems to which high data quality is essential.
More than 180 companies use the Human Inference solutions in order to achieve customer intimacy, operational excellence and compliance. High quality data is crucial to ensure and maintain an integrated customer view, compliance with regulations, fraud detection and efficient search processes at call centers.
Next to the corporate office in Arnhem (The Netherlands), Human Inference has offices in the UK, Germany and Belgium as well as representatives in France, Italy, Switzerland and Austria.
About Prime Technology Ventures (www.ptv.com)
Prime Technology Ventures is a leading early stage venture capital firm. Prime Technology Ventures focuses on investing in European companies in the information technology and related industries and leverages its capital, experience and contacts to actively guide them into global category leaders. The firm has invested in companies in the Benelux countries, United Kingdom, Finland and Sweden. From its offices in Amsterdam and Cambridge the independent partnership manages over 120 million euro in committed capital.
For more information, please contact Sake Bosch +31 20 3300650.