A leading provider of digital preservation solutions
Mobeus invested £3m of growth capital into existing portfolio company Preservica Limited, a world-leader in digital record preservation software.
Available on premises or in cloud, Preservica's digital preservation and access software is used around the globe by leading businesses, archives, libraries, museums and government organisations to safeguard and share valuable digital content.
Mobeus's history with Preservica dates back to 2012 when it backed the MBO of Tessella, which developed the product. The Preservica business was retained by Mobeus when the parent company was sold to Altran in 2015. Mobeus invested £3m of growth capital to expand the Preservica team, broaden its international presence and facilitate the further development of its software solutions.
Well established within the knowledge institutions market, Preservica plans to expand its reach into other industry verticals and internationally. Preservation of digital data is still largely confined to memory institutions. The market is forecast to grow rapidly as management of digital assets is increasingly seen as critical across a broader range of industries.
Trevor Hope led the deal for Mobeus and has joined the Board. Serial Mobeus Chairman Steve Curl continues in that role, having successfully steered Tessella to a very successful exit.
- Management Buyout
- December 2015
- Guy Blackburn