Njini Secures $13 MILLION, Gears Up For Growth In US And Europe
Njini is a pioneer in Information Asset Management. This market is forecast to grow to a billion dollars within the next five years as companies invest in solutions to help them manage their growing mountains of unstructured data – files created by knowledge workers, such as Microsoft ® Office documents, pdf files and emails.
Njini plays an important role in helping companies to optimize, secure and manage this data so that they can derive greater value at less cost from their investment in network storage. Njini does this by classifying data at its point of creation (identity@origin tm) and then applying policies to ensure the files are stored, secured and managed appropriately.
By using the Njini software an organization can reduce their annual cost of storage by 20%-40% by applying policies to prevent unintended file duplication, intelligently move files to the appropriate tier of storage based on content and automatically archive files according to corporate policy in a manner that is transparent to end-users. Njini also significantly reduces the risk of regulatory breach brought on by stricter corporate governance regulations which require companies to actively manage data integrity and security and ensure that they can quickly make information available to outside parties.
Ian Cooper, Senior Investment Manager at Intel Capital, said: “Intel sees opportunity for Njini as organizations struggle to cope with the rapid growth of unstructured data. Njini has a new approach to solving this problem that delivers tangible and immediate cost savings.”
“Njini has made significant strides in all aspects of our business over the last year,” said David Jones, chief executive officer of Njini. “Existing customer deployments validate the business value delivered by Njini software and we are ready for broad-scale, commercial roll-out. We are fortunate to have attracted one of the leading technology investors to join us as we enter this exciting next phase of growth.”
Brad O’Neil, Senior Analyst and Consultant at Taneja Group Inc commented: “Njini provides an entirely new level of content-driven intelligence to enterprise data management. This intelligence then translates into some significant ROI impact. This is important technology.”
About Njini Inc.
Founded in 2003, by Phil Tee and Mike Swoboda, successful serial entrepreneurs, Njini is headquartered in the UK and backed by venture capitalists Accel Partners, Add Partners and Intel Capital. With a combined experience of over 100 years in the storage, networking and systems management industries, the Njini management team brings intensive business and technical know-how to bear on this revolutionary new IT category.
About Intel Capital
About Accel Partners
About Add Partners