The times are a-changing for enterprise management solutions company Full Spectrum, with a $3 million equity boost by venture capitalist Nanyang coinciding with a change in the company name to Kinetica.
Nanyang's investment gives the VC a minority interest in Kinetica. Full Spectrum was established in 1988 when then managing director of Cabletron in Australia, Steve Dixon left with five staff to start the company.
Dixon said the investment will allow Kinetica to introduce new services and take on staff to service the enterprise management systems (EMS) market.
"We are committed to fine-tuning our already comprehensive offer of enterprise management products, as well as offering staff training, system design, installation and backup support," he said.
The Full Spectrum namesake was originally conceived to reflect Cabletron's Spectrum network management system. Now, the company is looking to distance itself from a single vendor and build on its reputation of delivering the right solutions for a broad range of customers.
"The new name emphasises that we are committed to providing unbiased advice on the best software to meet clients' needs and it also illustrates our energetic approach to business," Dixon said.
The Nanyang investment is the sixth for the venture capitalist since August last year.