MCRC is pleased to announce a new investment in Datawatch Corporation (NASDAQ-CM: DWCH), the leading global provider of report analytics software and services. Datawatch’s technology empowers organizations to transform the massive amounts of valuable information that is trapped in static reports, PDF files, HTML and other content-rich, but difficult-to-use data sources, into a dynamic information analytics system that accelerates and improves decision-making throughout their operations. Datawatch is headquartered in Chelmsford, Massachusetts, with offices in London, Munich, Sydney and Manila, and serves customers in more than 100 countries worldwide. In March, the Company completed the purchase of the intellectual property underlying its Monarch Report Analytics platform from Raymond Huger, d/b/a Math Strategies. The $8.5 million purchase was funded through the combination of a $4.0 million subordinated note with warrants from Massachusetts Capital Resource Company, $1.5 million of a $2.0 million working capital loan from Silicon Valley Bank and Datawatch’s cash balances. Michael A. Morrison, president and CEO of Datawatch, said “We are very pleased to have completed this important transaction, which will provide us with the needed financial, marketing and technological flexibility to pursue our business strategy going forward. For more information, visit www.datawatch.com.
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