WaikatoLink - Endeavour Capital invests $1M in Khipu

Endeavour Capital invests in addition WaikatoLink spinout

HAMILTON 18 April, 2008 - Endeavour Capital appear today it has invested a actor dollars into WaikatoLink spinout Khipu Systems Ltd. Khipu is an advice technology aggregation that provides awful avant-garde software articles for high-speed, amount able and accurate appraisal of abstracts generated by the world’s testing and automated action ascendancy markets. This abstracts is capital for authoritative compliance, above control, action control, traceability, and ability purposes.

WaikatoLink’s arch controlling Mark Stuart says, “The Endeavour Capital investment will acquiesce Khipu to defended a apple chic CEO and development team, catechumen accepted sales pipeline, defended development sites and cardinal partnerships, and complete artefact development to position the aggregation for able growth. Funds will aswell be active to advance IP aegis and advantage patents to actualize new opportunities.”

Neville Jordan arch controlling at Endeavour Capital says, “We accept invested at an agitative time as Khipu is advancing rapidly alternating the development and commercialization curve. Leading all-embracing companies are already evaluating the artefact portfolio for their use and purchase.”

Khipu’s apple arch able software leverages ability from the acclaimed apparatus acquirements aggregation from the University of Waikato and the industry ability of Hamilton based Hill Laboratories, which has audience about the world. The software accoutrement absolutely automate the processes of abstracts acquisition, integration, pre-processing and the bearing and optimisation of algebraic models utilised to accomplish predictions about samples and processes to acquaint and accredit accommodation making.

This investment is the seventh Endeavour Capital has fabricated in a WaikatoLink spinout company. Earlier this ages Endeavour appear investments into four WaikatoLink pre-seed biotech technologies. Earlier investments included software developer Ectus in 2004, which it auspiciously exited in 2005, and rapidly growing biotech aggregation ZyGEM.

Neville Jordan says, “Our success with Ectus and ZyGEM formed a trusted accord on which to build. When we accomplish an investment, the aboriginal affair we attending at is who we are ambidextrous with. WaikatoLink accept accurate to be actual accurate so we were alone too admiring to attending at the science and technology.”

WaikatoLink’s absorbing achievement in commercialising technologies is reflected in its top 3% appraisement if benchmarked adjoin US university technology alteration offices.


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For added advice amuse contact:

Sandra Lukey
Shine Group
Christchurch
New Zealand
Phone: +64 (3) 374 6753
Cell: +64 21 2262 858
Email: sandra@shinegroup.co.nz
Web: www.shinegroup.co.nz

About Endeavour Capital

Endeavour Capital is a arch New Zealand adventure basic company, advance into New Zealand science and technology. Established in 1999, Endeavour Capital has a focus on developing globally aggressive companies based on science and technology innovations. To date Endeavour has fabricated investments above biotechnology, software and medical sectors. The Endeavour Capital Management Team is comprised of accomplished entrepreneurs, anniversary accepting key captivation in architecture and departure at atomic one cogent aggregation in New Zealand or USA. Their archetypal is to accommodate portfolio companies with cogent operational, bartering and abstruse resources, complemented with capital. In adjustment to abetment with all-embracing advance plans, the Endeavour Capital managers anatomy a affiliation with the founders and key agents to aerate a company's common opportunities.
www.ecap.co.nz

About WaikatoLink

WaikatoLink Limited is a apple chic technology development and investment company, with a able clue almanac in advice analysis outcomes into bartering technologies. As a wholly-owned accessory of the University of Waikato, it achieves this by identifying, managing and commercialising the University’s bookish property. WaikatoLink works carefully with industry, investors and advisers to analyze and advance bazaar opportunities for new technologies, and plays a key role in University ability alteration for bread-and-butter transformation. Since its enactment in 2002, WaikatoLink has completed abundant licensing deals and accustomed added than 12 start-up companies and collective ventures, which accept collectively created added than 138 full-time agnate jobs and accomplished bazaar capitalisation advancing NZ$200 million. Three of its start-ups accept already been auspiciously exited. WaikatoLink’s absorbing achievement is reflected in its top 3% appraisement if benchmarked adjoin US university technology alteration offices (AUTM analysis data).
www.waikatolink.co.nz


About Khipu Systems

Khipu Systems Ltd is a collective adventure amid Waikato University and Hamilton based Hill Laboratories. Khipu’s accepted artefact belvedere iCalibra™ can be activated to two key markets, the testing bazaar (laboratory and industrial) and automated/advanced action ascendancy markets. Industries throughout the apple are application techniques such as NIR spectroscopy to admeasurement accurate concrete or actinic backdrop apace and often. The capital claiming to auspiciously application these predictive methods is building, deploying and advancement the multivariate arrangement models on which they rely. Models charge to be always active and rebuilt with new examples if their predictions are to abide accurate. iCalibra is a software arrangement that addresses abounding of the problems with building, deploying and advancement arrangement models, and paves the way for added accurate and reliable predictive modelling. Leading all-embracing companies are already evaluating the artefact portfolio for their use and purchase.
www.khipusystems.com