Calculus Capital has invested 2.5 million pounds in IPV. Based in the UK, IPF is a maker of products that streamline digital media production processes.
London, October 29. Private equity fund manager and Enterprise Investment Scheme specialist Calculus Capital has invested £2.5m in a media technology business that provides multi-media content management systems to leading broadcasters and businesses around the world.
IPV, which is based in Cambridge’s hi-tech ‘Silicon Fen’ hub, develops software and services that speed up, simplify and efficiently co-ordinate hitherto complicated processes for managing and delivering media content through multiple platforms.
IPV’s software is used by blue chip names in the broadcasting world including CNN, Sony Entertainment and A+E New York, as well as by non-media businesses, such as U.S. retail giant Home Depot, for storing, managing, editing and disseminating content rapidly through multiple media channels.
Susan McDonald, Chairman of Calculus Capital, said: “IPV is a very exciting business that sits at the heart of a high growth, global sector. It provides market-leading software and technology solutions that help its customers improve their earnings, productivity, effectiveness and reach.
“Increasingly, media organisations are aiming to achieve a ‘Content Factory’ experience – streamlining the creative editorial process and the delivery of content to multiple platforms. IPV’s products help solve this problem, utilising sophisticated techniques for integrating social media analytics and importantly, managing metadata.
“IPV already has many established high profile technology partners and channels to market including OpenText and Adobe”, and importantly, the need for content management is moving beyond traditional broadcasting capabilities. From law courts where proceedings are recorded on video, to large retailers such as Home Depot providing promotional materials and training videos to staff, IPV’s technology is being used by an ever broader client base.”
Calculus’s investment will be used by IPV to fund its continuing global expansion, which has already seen it reach into markets in North America, Europe and the Pacific Rim.
David Cole, IPV’s Chief Executive and Chief Technical Officer, said: “Calculus Capital’s track record of helping established companies take the next step in their development is second-to-none.
“Calculus brings us the financial backing we need to accelerate our expansion, a huge amount of expertise and years of experience helping smaller businesses to grow. We know we will also benefit from this.”
Calculus’s investment in IPV is the second deal it has completed in the space of a few days. On Tuesday (October 27) Calculus announced a £3m investment in Mologic, a Bedford-based developer of diagnostic technologies and devices designed to help patients manage their own conditions.
John Glencross, Calculus Capital Chief Executive, said: “Deal flow continues to be very strong for us. There are a lot of good businesses out there that need funding to help them grow but are not getting it from traditional sources, such as banks. Private equity, directly and through investment vehicles such as EIS and VCTs, is playing an important role in providing much-needed capital to these companies and helping to support the UK economy.”
Calculus Capital is a specialist in creating and managing private equity funds for individuals. A pioneer in the enterprise investment scheme (EIS) space, Calculus launched the UK’s first approved EIS fund in 1999 and has gone on to launch 15 further funds and four VCT offers. Calculus seeks capital appreciation from dynamic, established, private UK companies across a multitude of sectors. Calculus prefers to invest £2m – £5m per company.
As at 30 September 2015, it had £120.5 million of funds under management or advice (including the qualifying assets of the Company).Calculus Capital’s experienced investment team, diligent investment process and ‘hands on’ approach has resulted in an impressive track record of investment success. Calculus Capital has won multiple awards including the EIS association’s EIS Fund Manager of the Year Award in 2009, 2011 and 2014, and “exit of the year” in 2012 for delivering a 5.3x return for an exit of Scancell – a biotech focusing on cancer immunotherapy.
Calculus Capital is authorised and regulated by the Financial Conduct Authority.
IPV works at the forefront of Media and Entertainment; our products streamline digital media production processes, enabling teams around the world to collaborate on creative works to Inform, Educate and Entertain. Our clients include Turner, Star Academy reality TV, National Association of Basket Ball and Sony Pictures. Our software solutions are used for acquisition through to catalogue, archive and edit of rich content for live highlights through to library footage; exploiting camera originals, materials and metadata to produce compelling content across all digital platforms. Additional information about IPV is available at www.ipv.com.
For more information, visit: http://www.ipv.com/