Partnership with Mobeus to drive our future growth
Summary
Under the arrangement, Mobeus has invested \xa319.6 million for a minority stake in the business.Mobeus is a team of experienced investors with a 20-year track record in funding UK SMEs with strong growth potential.They were impressed by our unique model for helping western tech companies secure commercial deals with customers in Asia, as well as our innovation work for large corporates and trade work for national and regional governments. The growth potential of the business was evidenced by our strong financial performance over the last three years.Mobeus will provide capital to enable us to build on our existing services and move into new markets in Asia and beyond. Well benefit enormously from their expertise in helping businesses scale rapidly and realise their full potential.On Mobeus side, the deal was led by Chris Price and Freddie Bacon who will bring valuable experience in joining our board supported by Samira Aminzare and George Chatzimanolis.Greg Sutch will remain as CEO and the rest of our team will continue in their existing roles, while our founder and chairman, James Lawson, will step down after more than 33 years at the helm. Non-executive director, Simon Bragg, will also leave the business.Mobeus Partner, Chris Price, observed: Access to the Asian market is fundamental to the strategy of almost every high-growth tech business around the world. Intralink facilitates complex international trade, and all VC and PE-backed scaleups, as well as corporates interested in cross-border innovation, should have them on their radar as the means to bridge the divide.With this investment, Intralink will be able to help even more companies to achieve their international goals.Our CEO, Greg Sutch, explained: This investment is a big milestone for our business.