ACADEMIA

LeCayla Technologies announced that it has closed its first round of funding with Trinity Venture Capital. The funding will allow LeCayla to bring its "Symmetry" software metering and billing solution to market. Symmetry is the first software metering and billing infrastructure that allows Independent Software Vendors to provide packaged software on a Pay-As-You-Go basis. This innovative offering allows traditional software applications that are installed at a company's site to be offered on the same commercial terms as web-served offerings. "Utility or On-Demand Computing is the next sea-change in the computing industry," said Conor Halpin, CEO LeCayla. "Customers clearly like the financial benefits of Pay-Per-Use or Pay-As-You-Go pricing but are uncomfortable having their confidential data and systems hosted externally. LeCayla allows Independent Software Vendors to offer their customers the best of both worlds. Pay-Per-Use pricing allows ISVs to offer significant savings to their customers while securing transparent and reliable annuity revenue for their shareholders." "LeCayla offers an innovative and exciting business proposition that clearly meets the emerging demand for On-Demand computing," said Rory Quirke, Investment Director with Trinity Venture Capital, who joins the Board of LeCayla. "Developments in Grid computing and multi-core processors all point to the need for more flexible and granular pricing. We believe that LeCayla is uniquely positioned to service this need."