Modus is delighted to announce that it has taken an initial 8.33% stake in Silicon Memories, the owner of data analytics platform LABB.
One of Silicon Memories’ software products is Enterprise LABB, a business enterprise analytics tool specifically for the business and enterprise market.
Silicon Memories’ objective is to continue to develop this software. The software is both simple and intuitive for clients to use, while at the same time gives them a variety of tools that help them understand what is really happening in their business. We expect the software to be fully tested in the early part of 2020, with a market launch by the summer of that year.
Tim Shaw, MD of Modus, said: “We are so pleased to have taken a significant stake in Silicon Memories. The software being developed is complementary to the consultancy services that we provide, and will help our clients use their data to address the business challenges they have.”
Doug Greenall, MD of Silicon Memories, said: “We’re delighted that Tim and Modus Analytics have chosen to join us in our mission to empower people and organisations to take total control of their data. LABB® enables its users to quickly and easily uncover critical information that would otherwise remain hidden, giving our customers a crucial advantage in this increasingly data-driven world. We’re thrilled that our partnership with Modus Analytics and the expertise they bring will immeasurably strengthen our ability to introduce entirely new sectors to the benefits of advanced information engineering.”
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