The UK’s Business Growth Fund has invested £2.25m of growth capital in content management system and audience development platform provider Abacus e-Media.
Abacus said the investment would allow the company to increase its sales and marketing, accelerate development of its software platforms and expand into markets including business to consumer publishing and events.
The company generated revenues of £4.5m last year, and employs 70 people across offices in London and Portsmouth.
BGF investment director Chris Hodges said, “Abacus is an exciting UK software company that has had the confidence and ambition to invest and develop its audience development platform.
“It has grown strongly and serves a host of impressive clients across the public, media and publishing sectors.
“Webvision, the company’s core CMS platform, provides a robust platform for investment and growth.”
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