Solon and Notion to Take a Stake in Concentra

By Concentra, PRNE
Monday, December 21, 2009

LONDON, December 22 - Concentra, the management consultancy and technology firm, has announced
a major funding agreement with investment firms Solon Ventures and Notion
Capital.

Richard Thompson from Solon will be joining the company as chairman, and
Jos White from Notion will join Concentra's Board as a non-executive
director. The two men bring a wealth of expertise and experience from both
the consultancy and technology sectors.

Thompson has over 30 years' VC experience focusing on technology and
healthcare. White was a co-founder of MessageLabs, the security
software-as-a-service (SaaS) company - he served as the chief marketing
officer and president of the US region. Under his leadership, the company
became one of the first UK tech firms to succeed in the US.

"This is a huge vote of confidence in our business plans and our success
to date," said Rupert Morrison, managing director at Concentra. "Solon and
Notion Capital have a history of investing in companies changing the ways
things are done through technology. Their funding, and more importantly the
expertise they bring to the Board, will help us reach the next level.
Eighteen months ago we were just 20 people, now we are 75 strong, driven by a
new business model leveraging consulting, business and healthcare knowledge
together with highly interactive web-based technology."

"We're a hybrid company, bringing together the best possible combination
of consultancy and technology heritage," continued Morrison. "Our products
and services solve traditional problems addressed by management consultants
but using software and software-as-a-service (SaaS) that leaves a legacy long
after our work is done."

Richard Thompson, a veteran VC investor added - "I believe that the best
model to invest in is one in which firms have both strong top and bottom line
growth. Concentra has both and in this current economic climate it is in a
strong position to realise its potential."

Jos White from Solon commented: "We are excited about Concentra's ability
to productise consulting with web technology and develop SaaS based products
that are easier to set up and deliver ROI. Truly the start of a new trend."

Solon and Notion invest exclusively in technology companies, specialise
in funding small, ambitious private firms and bringing new concepts to
market. The deal will ensure Concentra can achieve its own ambitious growth
plans.

NOTES TO EDITORS

www.concentra.co.uk/

Concentra is a UK-based business consulting and technology services company, serving clients across a number of economic sectors. For more information, contact Lisa Gillingham or Ellen Spenceley at LEWIS PR on +44(0)117-315-8584 or concentra at lewispr.com.

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