A successful incubatee company from A*STAR's Exploit Technologies receives 2nd round of investment within 6 months from previous.
An angel investor is betting on Singapore-based Nothacker Pte Ltd ("Nothacker"), with a $300,000 investment in the company. The new investment position will further accelerate Nothacker's growth in the hot Software-As-A-Service (SAAS) space within the dynamic and fast-growing infocomm market.
Nothacker's core technologies comprise proprietary high performance workflow, document and accounting management. Its offerings can seamlessly integrate into the customers' environment to provide business solutions at a significantly lower implementation and operating cost. Nothacker is committed to be a leading SaaS provider for productivity applications for businesses by developing advanced automated applications as services. It seeks to create value for its customers through the development of effective and affordable applications widely used by all companies from start-ups to MNCs.
Some useful applications that have found good take-up by Nothacker's customers include workflow management, document management with RFID, customer relationship management, ecommerce management, supply chain management, finance and accounting management, human resource management and business intelligence dashboard.
Today, some of Nothacker's notable clients include Bridge Mobile, Visa Business School and VJP, a leading IP law firm.
When Nothacker started operations in January 2006, Exploit Technologies recognised the potential of a local start-up like Nothacker with technologies to address the many productivity needs of businesses. Exploit Technologies then licensed to Nothacker the Agency for Science, Technology and Research (A*STAR) Institute for Infocomm Research (I2R)'s Secured Enterprise Document Manager Software Development Kit (SEDM SDK), a web-based tool to manage and distribute secured enterprise documents. I2R's SEDM SDK makes it simple for developers and systems integrators to customise or seamlessly integrate encryption and rights management capabilities into existing solutions, enabling rapid deployment of custom applications.
Nothacker graduated from its incubatee position after receiving its first round of funding in August 2007.
Mr Boon Swan Foo, the Executive Chairman of Exploit Technologies and Chairman of Nothacker, said, "Exploit Technologies is proud to have helped an incubatee company like Nothacker grow its business and fund raise. The participation of several angel investors who are key players in the infocomm industry is an endorsement of Nothacker's business model. We warmly welcome aboard the new investor, who have demonstrated his commitment to play a strong role in the future growth of the company. This recent development will aid to boost the market presence of A*STAR technology, and to stimulate the Singapore infocomm industry through stronger product offerings by Nothacker in the near future." Commenting on the new investment, Lim Chinn Hwa, Executive Director of Nothacker, said, "The SDK licensed from Exploit Technologies enabled us take the critical first step in the marketplace. Nothacker has since gained a good foothold in the infocomm industry, and we are happy that our new investors saw our potential in creating value for the industry and our customers. I am very much looking forward to our cooperation. With the fresh injection of funds, we will intensify our efforts and product offerings to serve our customers in both the SME segment and multinationals."
End of media release ###
Notes to the Editor
More about Nothacker's technologies
Based on its core technologies, Nothacker has developed other applications to expand their product range. Some examples are:
About Nothacker Pte Ltd
Nothacker's mission is to provide Software as a Service (SaaS) with leadingedge office automation and knowledge engineering technologies to enhance enterprise agility to meet changing business demands, and for decisionmakers to affect operations in real-time. The company currently specialises in providing SaaS to law firms and technology transfer offices specialising in intellectual property. Nothacker is a incubated company of the Agency for Science, Technology and Research (A*STAR) that leverages infocomm technologies from A*STAR's Institute for Infocomm Research (I2R) to develop its advanced software solutions.
Nothacker's Media Contact:
Lim Chinn Hwa (Mr)
Mobile: +65 9815 3598
Email: chinn@nothacker.net
About Exploit Technologies Pte Ltd
Exploit Technologies is the strategic marketing and commercialisation arm of the Agency for Science, Technology and Research (A*STAR). Its mission is to support A*STAR in transforming the economy through commercialising R&D. Exploit Technologies enhances the research output of A*STAR scientists by translating their inventions into marketable products or processes. Through licensing deals and spin-offs with industry partners, Exploit Technologies is a key driver of technology transfer in Singapore. It actively engages industry leaders and players to commercialise A*STAR's technologies and capabilities, bridging the gap from Mind to Market. Exploit Technologies' charter is to identify, protect and exploit promising intellectual property (IP) created by A*STAR's research institutes.
For more information, please visit http://www.exploit-tech.com
Exploit Technologies Media Contact:
Seeto Wei Peng (Ms)
DID: +65 6478 8443
Mobile: +65 8187 3194
Email: weipeng@exploit-tech.com