South East Growth Fund
2nd Floor Orbital House
85/87 Croydon Road
Caterham, Surrey CR3 6PD

t: 01883 337111
e:mail@segrowthfund.co.uk

Pivetal Limited

Date of Initial Investment:
Sector:
Product/Service:
Stage:
Location:
Website:

4 March 2003
Computer related
Telecom network fault diagnosis and monitoring
Expansion
Southampton
www.pivetal.com

Pivetal approached SEGF having developed a next generation "Carrier Class" network management solution, Cortex, which automatically resolves almost all network faults through a knowledge-based tool that emulates human engineers' responses.  Cortex is both network and vendor independent and has made substantial operational cost savings and driven increased network availability for its customers.  The company will develop a full range of next generation network management solutions around its Cortex product, including traffic management and route optimisation components.

SEGF invested £250,000 to support the marketing of the products and continued development of its product suite.  SEGF introduced Barclays to the company and in April 2004 made a follow-on investment of £250,000, bringing the total fund raised by the company to £750,000.