Deal Round-up 08/11/01

Two service sector firms win funding, one a computer consultancy the other an online education supplier.

Computer-systems consultancy secures funding

System C Healthcare, a provider of computer systems to UK hospital trusts has secured £2m funding from Barclays Ventures, the private equity division of Barclays Bank.

The £2m injection will enable the company to compete for contracts out of the Government’s NHS information technology drive.

System C Healthcare provides hospitals with computer-based patient records management systems and has contracts with a number of NHS Trusts including a multi-million pound contract with Thameside Acute Care NHS Trust.

The company aims to be one of the beneficiaries of the Government’s NHS information technology drive, which has seen it pledge an investment of more than £1bn over three years.

Expansion on the cards for education IT supplier

Digitalbrain, a provider of online e-learning packages for the education sector has received a £2.27m investment from Bank of Scotland Corporate Banking. Regent Pacific Corporate Finance, part of the iRegent group, managed the fundraising. This latest round will be used to recruit and train additional staff.

London-based Digitalbrain provides schools and colleges with virtual learning environments (VLE). The company is providing the VLE portal site for the London Grid for Learning (LGfL) – a coalition of all 33 London Education Authorities.