Restoration Partners, the boutique technology merchant bank, is pleased to announce that its long-term client, B2M Solutions (“B2M”), the leading UK provider of mobile device analytics and process optimisation, has successfully closed a significant fund raising, led by UK-based entrepreneur and investor, Kevin Lomax.
The funds raised will be used to expand B2M’s marketing and sales activities and to accelerate the adoption of its optimisation and analytics solutions for mobile enterprise deployments. B2M’s biggest market is the United States. Led by founder Julie Purves, B2M’s market-leading software is attracting growing numbers of companies seeking to improve and increase the effectiveness of mobile devices across their operations.
Amongst those taking a stake in B2M is Motorola Solutions Venture Capital, making a strategic investment in a UK company focussed on the US market. Kevin Lomax, founder and former Chairman of Misys, and a past board member of Marks & Spencer, will become Chairman of B2M Solutions.
Jonathan Soar, Director Investor Relations at Restoration Partners, commented: “B2M Solutions is an established, growing UK success story in business-to-business mobile technology with unique British IP and we are pleased that, despite continuing paucity of investment in UK growth companies, we were able to advise Julie and her team through the process of fund raising. In Julie Purves, B2M has a visionary entrepreneur quite capable of taking on the market in the US and further afield, creating a world-beating company”.
Julie Purves, CEO, B2M Solutions added:
“The long-term advice and support from Restoration Partners has been key to both our survival in this US-dominated sector and to the influential and strong position we are now in. The team at Restoration Partners helped us restructure, helped us refocus and guided us to a position where investment was both feasible and indeed attractive to new investors. With this investment, and with Kevin Lomax’s experience, we are able to accelerate the adoption of our optimisation and analytics solutions for mobile enterprise deployments. We have built our company over the past 12 years and this is a key milestone in our continuing development.”
For further information, please contact:
Yellow Jersey PR Limited
Philip Ranger/Kelsey Traynor 07768 534641
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