Deal type
Sector
Preserv8 completes round of fundraising
HMT Corporate Finance, led by partner Bruce Morrison, acted for Preserv8 Limited in successfully sourcing and negotiating development funding from a number of private investors.
Preserv8’s key offering is a cloud-based Unified Email Management platform delivered via the Software as a Service (SaaS) model. The system provides organisations with an always-on, secure, compliant and affordable archive and discovery service, removing the need for companies to install complex new servers and IT infrastructure.
Having established their product in South Africa, Preserv8’s growth strategy is based on targeted geographical expansion through recruiting additional distribution partners, initially across western Europe and the Middle East and eventually North America.
Preserv8 CEO Deon Robertson commented, “We are extremely grateful to HMT for theiradvice and supportin this round of fundraising which was completed in difficult market conditions.”
Bruce Morrison commented, “This investment provides an excellent opportunity for Preserv8 to exploit the continuing trend towards SaaS and gain a foothold in its target markets. We look forward to working with the team again in helping the business to achieve global commercial success.”