eCommerce platform provider and digital marketing consultancy Visualsoft has secured a substantial investment from Livingbridge, one of the UK’s leading mid-market private equity investors. The deal will fund the continued expansion and innovation of Visualsoft’s successful eCommerce platform, which is on course to deliver a billion pounds of client revenue by the end of this year, with platform revenue also up 31 per cent year-on-year in Q3.
Visualsoft, founded in Teesside in 1998, now employs over 280 people with additional offices in Newcastle, Manchester and Dubai. It serves over 1,000 retail businesses.
For the past 22 years, the company has been developing eCommerce services, having built upon its eCommerce platform. It offers retail partners a ‘shared success’ model, removing many of the upfront set-up costs and linking its fees to the actual sales and revenue generated for clients. More recently, it launched its Visualsoft Partners offering – a partnership programme designed to empower solutions providers to grow their businesses, build their networks and increase the revenue of the retailers they work with. Alongside this, it launched Visualsoft Partner Connect, which is an online directory that allows retailers to find new partners quickly and easily, all in one place.
Dean Benson, CEO at Visualsoft, said: “Over the past two decades Visualsoft’s world-class technology and passion for innovation has consistently disrupted the eCommerce landscape. I am delighted to have partnered with Livingbridge and we will now work in collaboration to further accelerate growth and strengthen our position as an industry leader.
“This growth will also see our continued commitment to developing strong digital skills within our regions and forming strong and lasting partnerships with other businesses and specialists within the digital sector through the Visualsoft Partners programme.”
The investment, made through Livingbridge’s Enterprise 3 fund, builds on Livingbridge’s experience with technology businesses, having already invested in TitanHQ earlier this year.
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