NATHEAN TECHNOLOGIES is creating up to 10 jobs and is forecasting increased revenues on the back of strong export sales, primarily to the UK market.

The Dublin-based company also announced that it has closed a funding round from Enterprise Ireland worth €800,000. The investment will support the company’s international growth plans, which include developing a suite of products based on its flagship Logix Professional data analytics software, as well as international sales and marketing initiatives.

The additional staff will be recruited over the next 12 months in a range of roles including sales and research and development.

Nathean’s Logix Professional software allows users to mine information in their business systems.

Many business intelligence tools involve months of work to create a data warehouse and are aimed mainly at specialist data analysts in an organisation.

Nathean claims its technology takes a different approach, with short installation times and an interface that is designed to be used by frontline budget holders at various levels within a business.

Nathean managing director Maurice Lynch said the company had invested heavily in research and development over the past 18 months, focusing on making its software faster to install and including as pre-defined templates many of the questions a business usually asks of its data.

“We are continuously driving ease of use, allowing people to ask, for example, ‘who are my top-10 suppliers?’. The Apples of the world have now told people that computers can be quite easy. There are standard ease-of-use features that we want to put into the hands of end users,” he said.

Planned developments for Nathean’s Logix tool include using cloud computing to analyse data in a data centre and deliver the resulting reports over the web to smart mobile devices.

Nathean has a growing base of public- and private-sector customers in Ireland. It is enjoying significant growth in Britain, where it is sold via partners including UNIT4, one of Europe’s largest enterprise resource planning software suppliers.

Mr Lynch said demand for Nathean’s data analytics tool was increasing significantly in Ireland and Britain, and the company expected to double exports and increase revenues by at least 50 per cent this year.

The company expects exports to comprise 70 per cent of total revenues in 2011. It plans to extend the reach of Logix to other international markets next year.