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8 February 2017Press Releases
James Cowper Kreston are pleased to announce their involvement on the receipt of Preservica’s (“the Company”) investment capital from Mobeus Equity Partners LLP (“Mobeus”). The Corporate Finance team provided financial due diligence services to Mobeus.
Based in Abingdon, UK, Preservica is a world leader in digital preservation technology, consulting and research. Preservica’s digital preservation and access software is used globally by leading businesses, archives, libraries, museums and government organisations to safeguard and share valuable digital content. The company also supplies its software to a number of organisations, which include: BT, HSBC and many European national archives and libraries.
At present, this market is still in a relatively early stage and only really confined to memory institutions. However, the market is forecast to grow rapidly as the preservation of digital content is recognised as a critical requirement across a range of industries such as financial services, healthcare and education. As a result of the £3 million of growth capital from Mobeus, Perservica will be able to accelerate the uptake of its software and expand its team to capitalise on the opportunity to develop its market-leading product.
Trevor Hope, Mobeus Partner, commented: “We have worked with Preservica for the last four years and look foward to continue working with them in the future. They are in an strong position and have very ambitious plans for future growth, which will allow a wider range of markets.”
Mike Quinn, CEO of Preservica, adds: “Preservica is delighted by the investment and continued support from Mobeus. The funding will enable the company to capitalise on the growing demand for digital preservation software across the globe.
“This investment will allow the company to accelerate growth and offer software to a wider range of clients globally to help make digital preservation a seamless part of how organisations operate. We would like to thank the Corporate Finance team at James Cowper Kreston for their diligent approach throughout the transaction, we would not hesitate to recommend them to others.”
Nick Rogers, Partner and Head of Corporate Finance at James Cowper Kreston, added: “We are delighted to have advised Mobeus on its investment in Preservica. Preservica is in a strong position to capitalise on their investment and develop their software to allow them to offer their products to a wider market. We wish them every success in the future.”
For more information on our award winning range of corporate finance services, please call Nick Rogers on +44 (0)118 9590261.