By Isobel Moulder | Nov 17, 2017 | Category: News
Last night saw Deloitte’s UK Fast 50 awards ceremony held at the Hilton Bankside, and representatives from the software and fintech sectors were out in force. Sitting alongside some of the country’s top talent, we were thrilled to be named the 7th fastest growing tech business in the UK.
The Deloitte UK Technology Fast 50 is one of the UK’s foremost technology award programmes, ranking companies by their year-on-year growth rate over the last four years. After crunching the numbers, they calculated that we have a growth rate of nearly 3000% – that’s a lot of receipts!
Receipt Bank Co-Founder Michael Wood, says, “It’s really exciting time to be a part of this journey. Accountants and bookkeepers all around the world are embracing the value that automated bookkeeping can provide for their practices and their clients, and our rate of growth reflects that.”
CEO Alexis Prenn adds: “Thank you to all our terrific customers who believed and believe in our vision and our ability to deliver it. The best is yet to come.”
The award comes at the end of a very exciting year for Receipt Bank, which saw us raising US$50 million in Series B funding – one of the largest funding rounds for a UK business in the past year – and landing a top 10 position in the Sunday Times’ Tech Track 100.
“The Deloitte Technology Fast 50 shines a spotlight on the UK’s fast-growing technology companies and is internationally recognised as being one of the most important business awards in the sector”. David Cobb, lead partner, Deloitte UK Technology Fast 50 and Technology Fast 500 EMEA Programmes.
We’re proud to be helping to lead a period of remarkable growth for UK startups. City A.M. reported recently that fintech start-ups are on track for a record-breaking year of investment.
We strive constantly to improve – improve our software as a reaction to partner feedback, improve our customer support, improve our relationships with our partners – and so it is deeply gratifying to see this effort reflected in our achievements. It is also a clear indicator that the pace of automation and innovation shows no sign of slowing as it helps businesses improve their efficiency and profitability.
We’d like to say a huge thank you to all of our partners. We look forward to an exciting time ahead as we continue to push the boundaries of what is possible in the world of cloud accounting, and keep you all delighted in the process.
Geneva, November 13th, 2017: Unilabs is pleased to announce the acquisition of Telemedicine Clinic (“TMC”), a leading European provider of teleradiology and telepathology services. TMC has a network of radiologists and pathologists across Europe as well as an office in Sydney to facilitate a 24/7 on-call service. TMC is also a leading player in elective teleradiology in the Nordics and one of the top four players in the UK on-call and elective markets. Terms of the transaction were not disclosed.
"With the acquisition of TMC, we are taking a step forward in teleradiology for both elective reading and on call services in Scandinavia. This acquisition accelerates the development and implementation of digital processes in radiology and pathology, which will allow us to offer more sub-specialist reporting from top experts in their field to our customers. TMC has a strong consultant network of radiologists and pathologists with a high-quality focus and reputation in the market, which will be a great complement to Unilabs' own team in diagnostics“, said Charlotta Wikström, head of Unilabs Radiology Sweden.
“Operating in a market where the demand for pathology and radiology services is increasing rapidly when, at the same time, the number of available radiologists and pathologists is decreasing, TMC offers a unique network to foster international collaboration. In line with Unilabs’ promise to our stakeholders, that we will always provide answers that help give great care, we found a fantastic combination in Unilabs and TMC. Together, TMC and Unilabs will operate a network of over 500 specialists collaborating in the digital diagnostics network to provide best-in-class service and innovation to the pathology and radiology markets”, said Michiel Boehmer, Group COO. “We are thrilled to move on now and raise the bar for medical diagnostics in terms of quality, innovation and turnaround times.”
Alexander Böhmcker, CEO of TMC, commented: “I am delighted that TMC is becoming part of the Unilabs family. This agreement is in line with TMC’s Core Purpose to make quality healthcare accessible to all, independent of the location of patients and experts. Together with Unilabs, we want to accelerate the creation of truly integrated and digitalised diagnostic services and deliver better results and outcomes for our clients and patients. We are genuinely excited at what this transaction and partnership offers our customers and our people.”
ABOUT UNILABS
With more than 250 laboratories and 88 imaging units and a broad catalogue of more than 2,500 diagnostic tests, Unilabs is a leading European provider of clinical laboratory testing and medical diagnostic imaging services. Headquartered in Geneva, Switzerland the Unilabs Group serves private and public healthcare providers, local governments, pharmaceutical companies and the general public. The company employs more than 7,800 people worldwide, successfully operates laboratory and medical diagnostic imaging facilities in 14 countries, and generates annual revenues of €950m.
We are at the heart and start of all effective treatment decisions!
ABOUT TMC
Telemedicine Clinic is a sub-specialist radiology and pathology diagnostics company that provides day and night reporting services and support to more than 135 public service hospitals and local health authorities in Europe. TMC works with more than 200 accredited sub-specialist radiologists and pathologists who focus on specific diagnostic areas that include Neuro, Body, Musculoskeletal, Emergency Mammography and Histopathology. Our goal is to make our company as human— as creative, inventive, caring, purpose driven - as the wonderful human beings who work inside it.
BROOKFIELD, Wis.--(BUSINESS WIRE)-- Fiserv, Inc. (NASDAQ:FISV), a leading global provider of financial services technology solutions, today announced it has acquired Dovetail Group Limited, a leading provider of bank payments and liquidity management solutions. This acquisition further enables Fiserv to help financial institutions around the world transform their payments infrastructure to meet the evolving needs of wholesale, commercial and retail customers. Financial terms were not disclosed.
As the global payments landscape evolves, financial institutions of all sizes are challenged to modernize their payments infrastructure and provide enhanced capabilities that improve payment outcomes, leverage efficiency, and maintain the highest standards of security and resilience. Through this acquisition, Fiserv will combine Dovetail's real-time payments platform, modular services and configurable business processing rules with its market-leading payment capabilities, enabling financial institutions to unify discrete solutions into a fully integrated payments infrastructure. This enhanced platform will provide intelligent, data-driven payment processing and deliver the flexibility to integrate new capabilities and payment types at the speed of payments evolution.
"As payments transform at the speed of life, we expect to enable financial institutions to influence and direct a larger share of the payment value chain," said Jeffery Yabuki, President and Chief Executive Officer, Fiserv. "Together, Dovetail's strong capabilities and our market-leading solutions create a powerful combination for Fiserv to deliver differentiated value for financial institutions and their customers."
Built with real-time in mind, the Dovetail payments platform provides the foundation for Fiserv to offer financial institutions a broader range of solutions and services. In the U.S., this includes the foundation for advancing its industry-leading PEP+® ACH processing solution and a comprehensive real-time payments offering with integration into the NOWSM Network for payments and transfers, the Turnkey Service for ZelleSM and The Clearing House Real-Time Payments scheme. In Europe, the new organization will be in a strong position to support financial institutions with legacy system replacement and the shift to real-time through, for example, SCT Inst (across all operators) and UK Faster Payments. Elsewhere globally, Fiserv will be able to support its clients in the move to real-time, the introduction of richer payment information, and SWIFT gpi.
The enhanced platform, and related group of integrated solutions and services, will be available on premise, and will also be deployed as a cloud-based service (SaaS) with superior customer and segment personalization.
"Dovetail has an established track record of delivering industry-leading payments transformation capabilities to banks of all sizes worldwide," said Martin Coen, Chief Executive Officer, Dovetail. "Joining Fiserv should dramatically accelerate our strategy to provide broad access to our payments platform and services, and to unlock greater value for financial institutions as they seek to modernize their payments infrastructure to support a real-time, digital experience for their customers."
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected benefits of the transaction for Fiserv and financial institutions and their customers. Statements that describe the future plans, objectives or goals of Fiserv are also forward-looking statements. Forward-looking statements are subject to assumptions, risks and uncertainties that may cause actual results to differ materially from those contemplated by such forward-looking statements. The factors that may affect the anticipated outcomes include, among others: the company's ability to successfully integrate the Dovetail business and to realize the anticipated benefits associated with the same; and other factors included in the company's filings with the SEC, including the Fiserv, Inc. Annual Report on Form 10-K for the year ended December 31, 2016 and in other documents that Fiserv files with the SEC. You should consider these factors carefully in evaluating forward-looking statements, and are cautioned not to place undue reliance on such statements. Fiserv assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.
About Dovetail
Dovetail provides best-in-class payments and liquidity management solutions that enable banks to simplify their infrastructure and deliver effective digital transformation. All solutions, based on a single real-time architecture, are available on premise or in the cloud, scalable up and down, across functional and volume needs and offer unrivalled customer and segment personalization. The choice of solution provides flexibility for a bank in setting the pace of its modernization, addressing point needs or replacing multiple legacy systems. Leveraging the continuing investment from Dovetail and its world-leading client base, banks can rapidly achieve a measurable return on investment, increase strategic agility and operational excellence, optimize total cost of ownership and ensure regulatory compliance. For more information, visit Dovetailsystems.com.
About Fiserv
Fiserv, Inc. (NASDAQ:FISV) enables clients worldwide to create and deliver financial services experiences that are in step with the way people live and work today. For more than 30 years, Fiserv has been a trusted leader in financial services technology, helping clients achieve best-in-class results by driving quality and innovation in payments, processing services, risk and compliance, customer and channel management, and insights and optimization. Fiserv is a member of the FORTUNE® 500 and has been named among the FORTUNE Magazine World's Most Admired Companies® for four consecutive years, ranking first in its category for innovation in 2016 and 2017. For more information, visit Fiserv.com
About Kennet Partners
Kennet Partners Limited is a U.K.-based private equity and venture capital firm specializing in the technology sector. The firm invests in enterprise software, information technology services and solutions, communication technologies, and semiconductor products. It typically invests between $10 million and $100 million in companies based in Europe and North America. Kennet Partners Limited was founded in 1997 with an additional office in Menlo Park and Frankfurt.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170821005404/en/
San Jose, Calif and Berlin -- July 24 2017 Acrolinx, has been bought by Private investment company Genui. Genui has acquired a majority stake in Berlin-based text analysis software developer from Kennet Partners for an enterprise value of $60m.Bernd-Michael Rumpf, former CEO of SAP SI will invest alongside GENUI, and Acrolinx management is expanding its shareholding in the company as part of the transaction. The investment will help accelerate Acrolinx's continued global expansion and market leadership.
"Content matters now more than ever. To reach, engage, and retain customers, you need a lot of high-quality content. While many companies have solved the problem of content distribution, scaling the creation of great content remains a huge challenge. We have shown how Artificial Intelligence is a great way to solve that problem," says Andrew Bredenkamp, Founder and CEO of Acrolinx. "We are confident that the experience and networks of GENUI and Bernd-Michael Rumpf will bring enormous value for Acrolinx. Together with GENUI, a strong partner with a long-term focus, we will be able to further scale our go-to-market strategies, broaden and accelerate product development, and execute on our vision even more rapidly," added Ulrich Callmeier, COO & CTO of Acrolinx.
Acrolinx is the only AI software platform that uses a unique linguistic engine to "read" content and provide immediate guidance and powerful analytics to make it more effective. The company's technology is transforming how over 300 of the world's biggest brands create high-performing content on-brand, on-target and at scale. The Acrolinx AI engine integrates with all major content tools, giving content contributors real-time advice on everything from brand, tone, clarity, compliance and consistency as they create content.
Acrolinx were recently recognized by Forrester Research as one of the breakout vendors in the field of "Content Intelligence."
"Acrolinx delivers a unique and compelling value proposition for its customers – a proprietary AI-powered linguistics engine technology to help companies align, enhance, and enrich their marketing and product content. We are committed to jointly accelerate growth with new and existing customers and further sharpen the various use cases along the customer journey," said Bernd-Michael Rumpf.
"The Acrolinx offering is unique, easy to implement, and has a clear ROI for its customers," said Patrick Gehlen, Partner at GENUI. "In our discussions with customers, they confirmed the strong value add through cost savings in the content creation process, faster time to market as well as increasing revenues through more effective content. This has enabled Acrolinx to capture an impressive global customer base with 70%+ revenues abroad with largely blue chip customers like Google, SAP, IBM, Amazon, Volvo, Siemens, Facebook and Nestle. GENUI is excited to support the company to further expand its global leadership position." With GENUI as a partner with a long-term view providing capital and expertise, Acrolinx will benefit from a stable shareholder structure, enabling management to pursue its strategy, focused on sustainable growth.
Bernd-Michael Rumpf, Patrick Gehlen and Max Odefey of GENUI will join as members of the company's board of directors.
"We are excited to see Acrolinx move to the next stage of the company's development together with GENUI," said Hans-Christian Perle, Partner at international growth equity investor Kennet who has supported Acrolinx as a major shareholder over many years. "We are convinced that this transaction will enable Acrolinx to expand and reinforce its global leadership position in AI software for enterprise content creation."
Acrolinx had also previously received investment from Harbert European Growth Capital, who provides flexible, long term and permanent debt capital for technology and life sciences businesses across Europe.
Global technology investment bank Drake Star Partners acted as exclusive financial advisor to Acrolinx on this transaction.
About Acrolinx:
Acrolinx is a leading global provider of highly scalable and proven AI software for enterprise content creation. Acrolinx technology helps large global brands, including IBM, Nestle, Siemens, Google, Facebook, Boeing, SAP and Amazon, create content that's on-brand, on-target, at enterprise scale. The company is a spin-off of Germany's DFKI, one of the world's leading research institutes in the field of Artificial Intelligence. Learn more at acrolinx.com.
About GENUI:
GENUI is a private investment firm established by a group of exceptional entrepreneurs and investment professionals which takes long-term stakes (10+ years) in medium-sized growth companies in the German-speaking countries. With GENUI, companies gain a shareholder that contributes unique expertise and a valuable network of contacts from entrepreneurs, as well as ensuring professional, growth-oriented governance.
SILICON SLOPES, Utah -- July 17 2017 Impartner, the world's largest and fastest-growing pure-play Partner Relationship Management (PRM) company, today announced the closing of a $15 million round of funding from Emergence Capital, the leading venture capital firm focused on early and growth-stage enterprise cloud companies. Impartner will use the funding on research and engineering to continue to advance its flagship Impartner PRM solution, which is already the most award-winning solution on the market, and on sales and marketing resources to further capture market momentum for PRM, which has become the first and most critical investment that companies need to make to contemporize their channel technology stack.
"At Emergence Capital, we strive to invest in market-leading companies that have a global impact," said Brian Jacobs, founder and general partner, Emergence Capital. "We believe that with Impartner's strong management team, business execution and blue chip client base, they can expand their current lead in the fast-growing PRM market."
The base of partners signing into Partner Portals created using Impartner's technology has climbed nearly 275 percent in the past year alone, reaching more than 3.8 million total partner log-ins from its global customer base. The growing list of enterprises turning to Impartner PRM for its power to increase revenue an average of 31 percent and decrease administrative costs by 23 percent (per a recent global customer survey - whitepaper here), crosses a broad range of verticals from technology to telecom to manufacturing, and includes Ciena®, Conga, Illumina, Ingersoll Rand, Pivot3, Samsung and Splunk. For Pivot3, a leading hyperconverged infrastructure company growing at nearly 80 percent a year, scale was a key driver in its search for a PRM solution. "One of the things you have to do with a channel program is operate in a one-to-many capacity, especially when you're growing this quickly," said Pivot3 Chief Marketing Officer Bruce Milne. "Impartner's PRM solution was pivotal to the rapid expansion of our channel program, which grew by 400 partners in 12 months."
"Time after time after time, we've seen the power of PRM to accelerate the indirect sales of our customers in a way that compares to what the CRM market first did for direct sales a decade ago," said Impartner CEO Joe Wang. "When you consider the business impact of what PRM is doing for indirect sales, which is generally 80 percent of corporations' revenue, compared to what CRM has done for direct sales - the market potential is transformative."
In just over the past two years since the company's acquisition, Impartner (formerly known as TreeHouse Interactive), has completely refactored its PRM solution to be up and running in as few as 15 days and be easily adopted by main street corporations and not just early tech adopters; introduced a stream of industry-first innovations to make Impartner PRM the industry's most nimble, easy-to-update platform on the market; expanded into EMEA and Latin America; nearly quadrupled its staff and moved offices twice; and won nearly 30 national and international awards for both products and executive leadership – including two back-to-back CEO of the Year awards for Wang.
To learn more about how Impartner can transform your company's channel performance, click here to schedule a demo.
Impartner was assisted in the transaction by Mark Bonham, a partner at Stoel Rives, and his team.
About Emergence Capital
Emergence Capital (@emergencecap), based in San Mateo, Calif., is the leading venture capital firm focused on early and growth-stage enterprise cloud companies. Its mission is to invest in cloud visionaries who are building the world's most important business applications. Emergence has over $900 million under management and is investing out of its 4th institutional fund. The firm's investments include companies such as Salesforce.com (CRM), SuccessFactors (SFSF, acquired by SAP), Veeva Systems (VEEV), Yammer (acquired by Microsoft), ServiceMax (acquired by GE) and Box (BOX). More information on Emergence Capital can be found at http://www.emcap.com.
About Impartner
Impartner delivers the industry's most advanced SaaS-based Partner Relationship Management solution, helping companies worldwide manage their partner relationships and accelerate revenue and profitability through indirect sales channels. Impartner PRM is the industry's most award-winning PRM technology and one of the industry's only turnkey solutions that can deploy a world-class Partner Portal in as few as 15 days, using the company's highly engineered, three-step Velocity™ onboarding process. For more information on Impartner, which is based in Utah's tech hotbed, the Silicon Slopes, visit www.impartner.com, or in the United States call +1 801 501 7000, for EMEA general call +33 1 40 90 31 20, for London call +44 0 20 3283 4465, and for LATAM call +1 954 364 7883.
Bromsgrove, UK -- July 24 2017 Rimilia has raised $25m (£19.1m) in a round co-led by Kennet Partners and Eight Roads Ventures.
The firm, which has created a cash allocation software solution and was founded in 2008, will use the funds to expand across Europe and the US and to double the size of its team.
Chris McGibbon, CEO of Rimilia, said: “Over the past few years we’ve built a unique product that takes the burden off over-stretched finance teams. This investment comes at a pivotal time for Rimilia and will allow us to capitalise on global opportunities. Both Eight Roads Ventures and Kennet Partners have terrific track-records investing in SaaS and FinTech companies. We look forward to working together as we navigate our next phase of growth.”
Alloc8 cash, it’s flagship product, leverages machine learning to make it easier for businesses to match their invoices to payments received. Its other product, called ‘Alloc8 Collect’ allows users to collect outstanding payments by using predictive analytics to help firms prioritise which clients to chase.
Hillel Zidel, managing director of Kennet Partners, spoke about the fundraise.
“Rimilia is a bootstrapped success story, having grown rapidly since it was founded without raising any external capital. Businesses are increasingly prioritising investment in intelligent automation and we believe that Rimilia has a great opportunity to become a global leader in the automation field.”
Davor Hebel, head of Europe for Eight Road Ventures, which recently led a $9m Series A into Decibel Insight, said: “Rimilia is one of the UK tech scene’s hidden gems, built in the Midlands and solving a genuine problem.”
Zidel and Hebel will be joining Rimilia’s board as a result of the transaction.