£2m secured for leading business execution software provider

i-nexus, a leading global business execution software provider, has secured £2m investment from a syndicate of international investors including Herald Investment Management Ltd, Midven and Antrak Capital LLP, and additional funds from two new institutional investors; BFLAP LLP and the UK Government’s Capital for Enterprise fund.

2009 was one of the most important years in the history of i-nexus as they finished off with a solid sales result, an excellent product, massive proliferation opportunities and exciting prospects in the pipeline. This achievement is even more impressive given the continuing challenges posed by the global economic climate. Customers, both new and existing continued to appreciate the significant value that i-nexus’s solution adds to their business and this has been reflected in their financial results. The financial boost will help build on the strong global foundations laid in 2009.

“This latest investment is further validation of the growing potential of i-nexus and the value it brings to our customers", said Paul Docherty, CEO of i-nexus.  "We have a promising growth strategy in place and the investment will be used to support the increasing sales and customer service globally.”

Rex Harrison, CFO of i-nexus added, “We are proud to have inspired such commitment from our investors. Their confidence in our company and this weight of financial backing in the current economic climate is a testament to the quality of our product and the commitment we make to ensure our solution brings exceptional benefits to our customers. The latest investment provides the necessary financial security to drive i-nexus through to profitability”.

Frank Bury from BLFAP LLP, investors in a number of enterprise software companies both in the UK and US says, “i-nexus has established itself as a leading player in the emerging business execution software space. Over the last 18 months it has won a number of Fortune 500 reference clients both in the UK and USA. BFLAP sees excellent scope to penetrate deeper into these organizations as well as winning new business through partnership sales channels. With a scalable business model, a high proportion of recurring income and geographical reach into the largest software markets in the world, i-nexus has the potential to grow into a very valuable business in coming years."