Tideway Systems is a privately owned company. Scottish Equity Partners led the series C round of investment that closed on 8th April 2008. Apax Partners led the series A round of investment that closed on 26th April 2004. Tideway’s seed round of funding closed in December 2003. The seed investors included NESTA (the National Endowment for Science, Technology and the Arts), Esther Dyson of EDventure Holdings and John Taysom, founder and Managing Partner of RVC, formerly the Venture Capital arm of Reuters. The company was originally funded by members of the Tideway management team and Accel Partners, under their Entrepreneur-in-Residence scheme.

About Scottish Equity Partners (SEP)

SEP is a leading European venture capital firm with offices in London and Glasgow. The team has been investing together for 15 years and has a strong history of helping the most talented European entrepreneurs build world-class companies in the information technology, healthcare and energy-related technology sectors. SEP was recently named Venture Capital Firm of the Year. Previous investments include CSR, Atlantech Technologies, Wolfson Microelectronics, and Searchspace. SEP’s current portfolio includes leading-edge technology companies picoChip, ip.access and Zeus. Recent investments include: fabless semiconductor companies Gigle and Powervation; Pan-European delivery solutions company Kiala; flight search engine Skyscanner; virtualisation leader VirtenSys; IT analytics specialist Sumerian; medical device pioneer Stentys; and oil services technology company Futuretec. Recent exits include the $275 million sale of MTEM to PGS which has just been named Technology Venture Exit of the Year.

Apax Partners

Apax Partners is one of the world’s leading venture capital and private equity investment groups, managing more than $11 billion on behalf of institutional investors worldwide. Its cross-border sector specialist teams in the US, Europe, Israel and Japan work together to identify the best investment opportunities in Information Technology, Telecommunications, Healthcare, Media, Financial Services and Retail/Consumer. Funds advised by Apax Partners pursue a balanced equity portfolio strategy, investing in companies at all stages of development from start-up to buy-out in transaction amounts ranging from $3 million to $3 billion.

Accel Partners

Founded in 1983, Accel Partners has a history of excellence and innovation in the venture capital business. The firm is dedicated to partnering with outstanding management teams to build world-class software/Internet and communications companies. With over $3 billion under management, Accel Partners has a legacy of helping entrepreneurs build highly successful companies.

Esther Dyson

Esther Dyson is chairman of EDventure Holdings, which publishes the influential monthly technology-industry newsletter, Release 1.0 (“the first good look at technology that matters”). Dyson also writes a fortnightly column for the New York Times syndicate (Release 3.0). Dyson is an active investor and commentator and focuses on emerging technologies and business models. In 1994, Dyson had already explored the impact of the Net on intellectual property (among other things, why many software products are now turning into online services). In 1997, she wrote a book on the impact of the Net on individuals’ lives, Release 2.0: A design for living in the digital age. Dyson remains an active player in discussions and policy-making concerning the Internet and society.

NESTA

NESTA is the National Endowment for Science, Technology and the Arts, the organisation that invests in UK creativity and innovation. Set up by Act of Parliament in 1998, NESTA uses the interest on a National Lottery endowment to pioneer ways of supporting and promoting innovation and creativity across science, technology, the arts and learning.