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5 September 2005 PR 05/83

Hazid Technologies secures venture capital investment and global alliance agreement

Hazid Technologies, the process safety management software developer, has received investment from Quester, the leading independent venture capital group. In addition, the company’s global expansion plans have been strengthened further with the signing of an alliance agreement with Intergraph Corporation, the NASDAQ-listed leading global provider of spatial information management software.

The investment from Quester’s Lachesis Fund, the seed fund managed by Quester that invests in early stage technologies from five East Midlands universities, will enable Hazid to boost development activities in line with company strategy. The company’s development will be further accelerated by the alliance agreement enabling Hazid to utilise Intergraph’s established market presence and customer base. Intergraph Process & Marine division will market worldwide Hazid Technologies’ new Hazop automation system, HAZID, as SmartPlant® Process Safety.

Hazid Technologies is a private British company formed in 2001 to develop and commercialise the computer aids for process and plant safety created by Loughborough University. The company cooperates closely with the process hazard group at Loughborough University, led by Professor Paul Chung. Hazid Technologies’ principals Jim Madden and John de Brugha have extensive experience of launching innovative technology to the international process industry.

HAZID enables companies to improve their process safety management processes, reducing both the project risk of new builds and the operational risk of existing plant. It brings the Hazop process into modern electronic information management where Hazop data is reliably preserved and retrievable for future use. HAZID also enables management to respond more confidently to the increasing pressures to demonstrate that plants are safe and socially responsible.

Dr Jonathan Gee, Lachesis Fund Manager for Quester said: “Quester is pleased to have invested in the expansion of a company that has devised a novel software solution for the evaluation of hazards in process environments. The link to Intergraph provides the company with an accelerated route to market and will enable its software to be rapidly adopted in major markets.”

“We are delighted to receive Quester’s backing to help us expand into new areas,” says Hazid Technologies’ John De Brugha. He continues, “We also look forward to building on our strong partnership with Intergraph in our mission to become a market leader in the process safety management software sector.”

ENDS

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Notes to editors

  1. About Intergraph Corporation (http://www.intergraph.com)
    (NASDAQ: INGR) Intergraph is the leading global provider of spatial information management (SIM) software. Security organizations, businesses and governments in more than 60 countries rely on the company’s spatial technology and services to make better and faster operational decisions. Intergraph’s customers organize vast amounts of complex data into understandable visual representations, creating intelligent maps, managing assets, building and operating better plants and ships and protecting critical infrastructure and millions of people around the world.
  2. SmartPlant is a registered trademark of Intergraph Corporation.
  3. About Quester (http://www.Quester.co.uk)
    Quester is a leading independent venture capital group specialising in the provision of finance and management support for early stage growth companies. We invest in the UK’s best technology to create great companies and leverage our entrepreneur network and University contacts to identify world-class technology for worldwide markets driven by the best management teams.
    Quester has earned a reputation as one of the best UK based sources of venture capital and manages over £200 million on behalf of major institutional investors, leading UK universities, and three quoted venture capital trusts.
  4. Loughborough has an established reputation for excellence in teaching and research, strong links with industry, and unrivalled sporting achievement. Assessments of teaching quality by the Quality Assurance Agency place Loughborough in the top flight of UK universities, and industry highlights Loughborough in its top five for graduate recruitment. Around 45% of the University’s income is for research. The University has been awarded four Queen’s Anniversary Prizes: for its collaboration with aerospace and automotive companies such as BAE Systems, Ford and Rolls Royce; for its work in developing countries; for pioneering research in optical engineering; and for its world-leading role in sports research, education and development.

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