Press release published by: http://www.irishnews.com/
Source URL: http://www.irishnews.com/business/2018/04/06/news/belfast-data-analytics-firm-raises-3-75m-to-fund-global-expansion-1296830/
A BELFAST-based global data analytics firm has raised £3.75 million to support its continued expansion. Diaceutics, which is headed by Belfast man Peter Keeling, has secured mezzanine financing from two partners, WhiteRock Capital Partners and Silicon Valley Bank. The funding will allow the company to invest in the data analytics services that it provides to pharmaceutical clients and continue to expand its global laboratory network. The company will also look to grow the internal team of experts to deliver data-driven insights designed to improve diagnostic testing that benefits patients.
Diaceutics connects patients to the right diagnostic test so they can get personalised medicine to treat or cure their condition first time. Working with 31 out of 35 of the world’s largest pharmaceutical companies the business, founded in 2005, now has a revenue of $10m and offices in Belfast, Dundalk and New Jersey. It aims to reach $40 million revenue by the end of 2020.
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