Qlucore raises investment for international expansion

Investment to fund product development and entry to USA

Qlucore, www.qlucore.com, a world leader in the development of bioinformatics software, has announced that it is expanding its product development team in Sweden to enhance R&D and product development, and is also opening a new sales office in theUSA.

Qlucore is a privately-owned company in which the founders and management hold substantial equity. The company has today confirmed that it has raised USD 840,000 (approx.£520,000) in fresh capital from GLD Invest which will be used tointensify its sales, marketing and development efforts.

“Qlucore is now ready for the next phase of its expansion, and we are thrilled to have GLD, a private investment company,taking an active part in our future.” says Gunnar Hesse, Chairman of the Board, Qlucore.

"This additional funding is proof of the confidence of our investors, their belief in Qlucore,
and their commitment to supporting our growth and development", comments Carl-Johan Ivarsson, President, Qlucore.

Qlucore is best known for its highly intuitive Qlucore Omics Explorer product, which enables instant analysis and adds increased creativity to research,thanks to the software's impressive speed and statistical capability. Qlucore has customers in 17 countries and with the current capital injection the speed of expansion will increase. Customers include large pharmaceutical companies and well known international universities.

“Qlucore is active in the very significant area of analysis of large data sets. A current focus on life science related data has developed significantly over the last decade due the possibility now to sequence DNA at low cost. We see a tremendous opportunity with this investment” says Olle Lundberg, CEO, GLD Invest.

Qlucore has a global reputation for its leading-edge data analysis software, as it allows researchers – the people with the most biological insight – to study data sets themselves and to look for patterns and structures. This is becoming an increasingly vital component of data analysis. The true value of the
software lies in the capabilities a researcher now has to analyze and visualize big data sets.