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Deal Round-up 4/12/01

e-Vestment buys into security software; BoS backs Hamlet; Sitka puts £1.5m into Altrix

e-Vestment buys into security software

ATL Networks, a UK-based security software house, has secured an undisclosed amount of funding from technology investment firm e-Vestment Capital. The money raised will be used for product development and expansion.

ATL manages security systems such as firewalls, virtual private networks, and content security under the I-Sentral brand name. The firm also consults on security issues including audits and penetration tests.

BoS backs Hamlet

Hamlet Residential, a newly formed property venture, has bought its first set of residential homes following a debt finance package from the Bank of Scotland Corporate Banking. The houses have been bought from Crest Nicholson, but will be leased back as show homes for the next five years.

Hamlet is a joint venture set up by Tim Watts and Nigel Denby, former managing director and financial director respectively for BPT, a property development company.

Sitka puts £1.5m into Altrix

Altrix Healthcare, a company developing drug-testing techniques, has secured £1.5m funding from the Sitka Health Fund UK. The money raised will be used for further expansion.

Altrix has exclusive distribution rights to a patented technology developed in the US that allow safe, non-invasive collection of oral fluid samples for testing at the Altrix laboratories.