Further investment in AppShare

RNS Number : 4620U

Braveheart Investment Group plc

22 December 2011

 



22 December 2011

Braveheart Investment Group plc

Further investment in AppShare Limited

Braveheart Investment Group (AIM: BRH) ('Braveheart' or the 'Group'), the AIM-listed specialist in growth capital investments for business angels, high net worth individuals and family offices,  announces that it has led a fourth round of funding for its portfolio company AppShare Limited. Investors in the c£500,000 round included the Group, Braveheart clients, Strathclyde Innovation Fund (managed by the Group), Scottish Investment Bank's Scottish Co-investment Fund and the University of Strathclyde.

AppShare's web (or desk-to-desk) collaboration technology allows the sharing of electronic information and software applications between groups at different geographical locations. The unique technical architecture has been specifically designed for medium and large scale enterprises. The technology is also scalable and can support many internal collaborators and concurrent collaborative sessions without impacting on network performance/infrastructure. 

The software has been successfully piloted by a UK listed company where it is now planned to roll out across their network. 

AppShare was recognised as a new vendor in the recently published Gartner 'Magic Quadrant for Web Conferencing'.

Geoffrey Thomson, Chief Executive of Braveheart, said: "We are excited by the progress made by AppShare in delivering collaboration software which is scalable and where substantial savings can be achieved for the customer. We are pleased to continue our support for the Company as it moves into its next phase of growth."

Stephen Behan, CEO of AppShare, commented: "Having successfully piloted and beta tested our technology, with Braveheart's continued support we are now set to launch the first production version of the AppShare scalable collaboration suite. Unlike some other collaboration technologies our software is completely secure and does not require an investment in costly network bandwidth, these unique features make it much less costly to own and delivers a perfect solution for customers with high security needs."

For further information please visit www.braveheartinvestmentgroup.co.uk and www.appshare.co.uk or contact:

Braveheart Investment Group plc	AppShare Limited
Geoffrey Thomson, Chief Executive	Stephen Behan, Chief Executive
Tel: [phone]	Tel: [phone]
[e-mail]	[e-mail]
Seymour Pierce Limited	Allerton Communications (for Braveheart)
Freddy Crossley (Nominated Adviser)	Peter Curtain
Paul Jewell / David Banks (Corporate broking)	Tel: [phone]
Tel: [phone]	[e-mail]

 

Notes to Editors

Braveheart Investment Group makes and manages investments in young, emerging British companies, specialising in building tax efficient portfolios for business angels, high net worth individuals and family offices. Braveheart was founded in 1997 by a small group of investors to encourage and syndicate investments in privately held companies that offered opportunities for significant growth. Fourteen years on, Braveheart is a public company with a demonstrable track record in technology investing, an established client base and various funds under management.  The Group has offices in Perth, London, Yorkshire and Jersey with franchise operations in Dubai and Manchester.

Investments are made in unlisted companies where there is potential for significant growth through successful commercialisation of IP. Through close relationships with leading universities and innovation centres, Braveheart has access to a wide variety of emerging commercial opportunities at early stages. There are currently some 45 companies in Braveheart's diverse portfolio (includes all companies where the Group has a financial interest) and it has completed more than 90 deals.

Following the 2010 acquisition of Envestors Limited, the London based specialist corporate finance advisory business, Braveheart offers a unique and comprehensive suite of tax efficient products to high net worth investors.

 

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