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05-02-2017 - Modwenna Rees-Mogg - 0 comments
Deal Envy - Oxford Capital realises investment in Allinea

The sale of Allinea, a specialist in high performance computing to ARM at a three times multiple to the latest funding round has returned significant volumes of cash to its investors.  This was a seven year investment for Oxford Capital's investors following the spin-out from another of the fund's portfolio companies.  

Allinea counts 20 of the world’s top 25 most powerful supercomputers as its customers. The deal will enable ARM to improve the performance of its chipsets when running machine learning and data analytics workloads.  The general manager of the development solutions group at ARM said 

"Allinea’s ability to debug and analyze many-node systems is unique, and with this acquisition we are ensuring that this capability remains available to the whole ARM ecosystem, and to the other CPU architectures prevalent in HPC, as well as in future applications such as artificial intelligence, machine learning and advanced data analytics."

ARM plans new hires to complement the Allinea team and those people at ARM already working in a similar field. This is not surprising considering machine based learning and data analytics are set to become enormous.  With the reach of Allinea within ARM we can expect that its technology will impact on all our lives in one form or another in the future. 

It is very encouraging that a technology leading UK company has seen its value recognised in this way and that a precedent has now been set that UK companies no longer need to look only to the US tech market for an exit. 

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