Data indexing and discovery firm听Exonar听has appointed a new CEO after听securing further funding from its investors.听
Beringea, Downing Ventures, Winton Ventures and angels听have backed the next phase of growth at the Reading-headquartered company which helps clients map, index, analyse and protect the data that they hold.听
Danny Reeves brings more than 30 years鈥� experience in the field of information technology and in senior roles at technology-led businesses, including periods as CEO of听Romonet听CBRE and as CIO at global engineering firm Balfour Beatty.听
鈥淭oday every company on听Earth is a data company,鈥� said Reeves. 鈥淭he ability to see all data, in absolute detail, in one place, regardless of source and type, has been the one constant that has held us all back from maximising the true value of our data strategies.听
“I am delighted to be part of the听Exonar听team as we enable our customers to truly know and leverage their data, in ways previously not possible, on behalf of the people they serve.鈥�听
A primary problem for companies looking to manage and analyse the data that they hold is indexing and discovery.听Exonar听says it听enables enterprises to rapidly map the information held throughout their organisation, creating an instant view of all structured, semi-structured and unstructured data, supporting the creation of inventories, security of sensitive data, regulatory compliance and ultimately data intelligence.听
The new funding will enable听Exonar听to harness a substantial pipeline and further develop its market-leading product.听It听is already used by enterprise leaders including Lloyds Banking Group, Arrow Global, global pharmaceutical firms and providers of national infrastructure.听
Stuart Veale,听managing听partner of听Beringea听and听board听director of听Exonar, commented: 鈥淭he volume and complexity of data held by the modern enterprise means that indexing and discovery is now pivotal to digital strategy.听听
鈥�Our backing of听Exonar听is testament to the strength of its technology and the scale of the market opportunity 鈥� under Danny鈥檚 leadership, the business has the potential to drive greater security and competitiveness for its growing roster of enterprise clients.鈥�