DB eVentures, the strategic private equity arm of Deutsche Bank, has invested $8m in Inxight Software Inc, a provider of information access and content analysis software solutions.
Inxight develops accurate and scalable unstructured data management software, for analysing, organising and navigating content in Internet and enterprise solutions. The products have patented multi-lingual technology to index, summarise, categorise and cross-link unstructured data automatically. The company is based in Silicon Valley.
Pierre F. Suhrcke, managing director and head of origination at DB eVentures, said: “Our decision to invest was based on Inxight's cutting-edge technology which is designed to fundamentally enhance the way people find and process information in the financial services, e-publishing, pharmaceutical, insurance, legal and government sectors. At DB eVentures we are committed to investing in visionary technologies such as Inxight's which will become the 'industry standard' for internet and enterprise solutions.” Suhrcke joins Inxight's board of directors.
Robert P. Lee, Inxight's president and chief executive, said: “We could not get a stronger endorsement of our company and the reliability and scalability of our products than DB eVentures investment in Inxight. We are pleased to be part of DB eVentures cutting-edge world class portfolio. Our relationship stems beyond a financial investment as DB eVentures is helping us to broaden our presence in Europe.”