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Fretwell-Downing Informatics to expand its worldwide operations: receives 3m vc investment

Press Release: Fretwell-Downing Informatics [May 15, 2002]

Copyright (c) 2002 Fretwell-Downing Informatics

Abstract: Information management and library systems specialist, Fretwell-Downing Informatics, is implementing a concerted market expansion programme. The Sheffield-headquartered company has received funding from ISIS Capital venture capitalists to help FDI to capitalise on its position worldwide.


Information management and library systems specialist, Fretwell-Downing Informatics (FDI), is implementing a concerted market expansion programme. The Sheffield-headquartered company has received funding from ISIS Capital venture capitalists to help FDI to capitalise on its position worldwide.

In 10 years FDI has established itself as a leading supplier of the latest information technology to libraries and information centres around the world. Significant investment in product development has resulted in a series of recent, successful new product releases notably VDX for resource sharing, the ZPORTAL information portal and a new citizen's information portal.

Robin Murray, managing director of Fretwell-Downing Informatics, commented, "FDI has always pursued a goal of using technology to help revolutionise library and information management services for the benefit of the profession and to make it easier for users to obtain quality information."

"Our library and information management solutions have been very well received in the UK and also in the US and Australia since our offices opened there recently. Our growth is such that we have achieved 60% increase in turnover during 2001. The additional funds will allow us to further expand our operations in the UK, US and Australia and provide a great opportunity to bring our marketleading products to more organisations and countries across the world."

FDI's new citizen's information portal technology powers seamlessUK, the new citizen's information gateway launched recently, which will initially offer over six million people quality local and national information via one portal.

All sectors of the library community and many market-leading organisations have chosen FDI solutions. Clients include Essex County Council, Leeds College of Music, The National Library of Australia, The Church of Jesus Christ of Latter-day Saints, Unilever and The University of California.

About Fretwell Downing Informatics

FDI has a long history of supplying leading-edge information management solutions to over 200 organisations worldwide. FDI operates from its headquarters in the UK with a US subsidiary, Fretwell-Downing Inc. in North America, plus additional offices in Australia and Europe. FDI's experience has resulted in a suite of well-designed solutions including information portals, library management, resource sharing, document delivery and data publishing. The company's freedom by design philosophy is underpinned by a strong software development team and a commitment to interoperability and open standards such as NISO Z39.50, Dublin Core. This enables FDI components to be built into a total solution or integrated alongside existing technologies.

FDI will be showing its latest products at the EPI2002 conference at the National Motorcycle Museum in the West Midlands on 22 May and LIS (Libraries and Information Systems) in Excel, London on 25-27 June. www.fdgroup.com/fdi

About ISIS Capital plc

  • ISIS Capital plc applies a research-led, sector-focused approach to investment in unquoted companies across Europe.
  • Core areas of interest are: Business and Financial Services; Consumer Markets; Healthcare; Media and Communications; and Information Technology.
  • Typically invests between 2 million and 30 million of equity in UK companies with profits in excess of 1 million.
  • A joint venture with Residex Venture Capital Network in the Netherlands and capiton AG in Germany enables ISIS Capital plc to underwrite up to 100 million of equity for pan-European consolidation investment opportunities.
  • ISIS Capital plc benefits from the strength and resources of its parent company, Friends Ivory & Sime, a multi disciplinary asset management business and are both regulated by the FSA.
  • About Friends Ivory & Sime plc

  • Friends Ivory & Sime is a listed fund management company on the London Stock Exchange, with 33.8 billion of assets under management (31 December 2001) and some 90 investment professionals.
  • Friends Ivory & Sime was one of the first groups to launch a VCT in 1995 and now manages six VCTs.
  • Network of offices in London, Edinburgh, Hong Kong and Birmingham.
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    Publication Year:2002
    Type of Material:Press Release
    Language English
    Issue:May 15, 2002
    Publisher:Fretwell-Downing Informatics
    Place of Publication:Kansas City, MO
    Company: Fretwell-Downing Informatics
    Subject: Business partnerships
    Online access:http://www.fdgroup.com/fdi/pdf/vcpr.pdf
    Record Number:9796
    Last Update:2012-12-29 14:06:47
    Date Created:0000-00-00 00:00:00