ATEEDA secure £750,000 investment from AIIL and SCIF
17-Jul-2008
ATEEDA concluded a new investment of £750,000 with Archangel Informal Investment and the Scottish Co-Investment Fund to support high levels of demand for its unique Analog Semiconductor Test Technology. The investment also sees the addition to the board of senior EDA industry figure, Colin Adams as a non-executive director.
ATEEDA's CEO, David Hamilton commented, "Recognition of the benefits available from our EDA tool, OptimATE, is growing fast. This new investment will allow us to support the high levels of interest in replacing analog tests with simple digital ones. In addition, Dr Adams' wealth of senior management experience at market leading EDA companies will be a great asset to ATEEDA's board."John Waddell, CEO, AIIL said "Despite the current economic challenges we are very pleased our investors and SCF have supported this opportunity to invest in an Edinburgh company which has real global ambition. We are confident that Colin, whom we know through our Edinburgh University ties, will add value."
Colin Adams, Director said "ATEEDA has some great technology and a unique value proposition. It is a privilege to be able to work with a local company with such global potential."
