Finance South East Manages Additional Equity Funding for Dezineforce

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 8, 2010 -- The equity was raised from existing and new shareholders, including lead investor the South East Seed Fund, managed by Finance South East (FSE) and supported by existing investors DN Capital and IQ Capital.

Dezineforce, spun out of Southampton University in 2007 by Professors, Simon Cox, Andy Keane and Nigel Shadbolt, develops and sells software and operations infrastructure based on the Microsoft Windows HPC platform that is specifically designed and optimised for design engineers performing computer analysis and simulation. Sold as an on-site high performance computing appliance, or as a cloud based ‘On-Demand’ service, the Dezineforce solutions enable design engineers to improve and accelerate the product design process. Used by organisations across the engineering sector including aerospace, automotive, civil engineering, environmental, heavy engineering and energy industries, Dezineforce has proven its products can make a significant, positive impact.

Selected as a Microsoft ‘BizSpark One’ partner for its innovation and technical contributions, Dezineforce works closely with the Microsoft Windows HPC technology team and benefits from the support that the BizSpark One program provides in terms of software tools and partner introductions.

“We are delighted to have secured this investment round led by FSE which gives us the capital to bring additional new products to market in the engineer productivity and cloud transition spaces, and the participation from the existing investors demonstrates their continued commitment to our business” said George Shanks, CEO of Dezineforce.”

Sally Goodsell, CEO of Finance South East added:
“Dezineforce is developing products specifically for the engineering design market, the growth is driven by the need to develop products that are more reliable, use less or ‘greener’ materials, and can be brought to market sooner at a lower cost. Developed for ‘cloud’ based use means that Dezineforce can reach the global market more easily, providing an excellent investment opportunity for FSE.”



Notes to editors
The South East Seed Fund

This £7.1m equity fund invests between £100,000 and £250,000 on a ‘matched funding’
basis in small and medium-sized enterprises based in the South East, which
may include university spin-outs. For more information on the South East Seed
Fund please contact Julie Silvester or Alexis Weber,on 01276 608526 or email.
julie.silvester@financesoutheast.com; alexis.weber@financesoutheast.com

About Finance South East
Finance South East (FSE) is an independent fund management organisation which
provides growth finance to ambitious young businesses. It is authorised by the FSA

and backed by the South East England Development Agency (SEEDA).
With offices in Camberley and Ipswich, the organisation works across the South East
of England and surrounding areas. The team has won many awards for its
innovative approach to funding SMEs. www.financesoutheast.com
For further details about Finance South East contact Donna Cooper on +44 (0) 1276
608513 or email donna.cooper@financesoutheast.com

About Dezineforce

Dezineforce are leaders in solutions to help engineers work more productively by enabling them to design better products using fewer resources. Dezineforce solutions are delivered ‘engineer ready’ eliminating the systems integration and IT overheads associated with implementing advanced engineering analysis. Available as a cloud based ‘On-Demand’ solution that removes the need for capital expenditure, or as an on-site ‘cluster’ that provides shared resources to multiple engineers as a ‘private cloud’ the Dezineforce solutions provide increased insight to engineers using the majority of commercially available design analysis tools.

For further details about Dezineforce please visit www.dezineforce.com, or call us on +44 (0)1489 611842

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