Former Tesco CEO invests in UK tech firm Syrenis
A UK-based SaaS company has announced that it has secured investment from Bill Currie of the William Currie Group and Sir Terry Leahy, former CEO of Tesco.
Headquartered in Daresbury, Syrenis provides personal information management software which helps organisations to achieve data compliance.
The investment will be used to further distinguish itself within the growing international privacy and personal data management market. The investors have also joined the Syrenis board of directors.
Across the last year, Syrenis has focused on its service delivery and support arms in a recruitment drive which has seen the size of their Daresbury head office team increase by more than a third.
The company, founded in 2000, aims to help organisations to grow their databases, reduce the risks associated with holding the data and improve the quality of the insights which can be drawn from it. Its market-leading personal information management platform, Cassie.
Currie is the founder of the William Currie Group, which specializes in investments in the retail, e-commerce and tech sectors.
Currie was a top-ranked, multi award-winning retail analyst for Barclays (BZW), Hoare Govett and Charterhouse Securities, where he was Joint Managing Director.
Former CEO of Tesco, Sir Terry Leahy was Knighted for services to food retailing in 2002.
He is known for transforming the supermarket industry in Britain, growing Tesco to the largest chain in the UK and one of the largest retailers in the World.
During his CEO tenure, Tesco quadrupled both sales and profits and expanded into new products, store formats, lines of business and geographies.
Among many awards, he was recognized by the Wall Street Journal and CNBC as European Business Leader of the Year (2005) and named European Businessman of the Year by Fortune (2004).
The William Currie Group, which was established in 1997, has grown significantly and now has substantial shareholdings in numerous market leading, quoted and privately-owned companies.
“Our goal is to simplify the management of personal information whilst maximising its value to organisations by providing them with a central platform with security, efficiency and intelligence built in by design,” said Syrenis founder Nicky Watson.
“We sought to attract investment and board level input from tech-minded individuals who could help us accelerate our aspirations for the brand, particularly in North America, and we’re beyond thrilled that Bill [Currie] and Sir Terry have invested.”