Maven Capital Partners, UK-based private equity firm, has announced the investment of £2m in technology company HubIsoft Group. The transaction has been funded through Maven’s managed VCTs, and Gareth Price, Investment Director at Maven, will sit on Hublsoft’s board.
HubIsoft brings new technology to the market that is challenging the way data analytics is exploited to better support decision makers. Over the past two decades, rising complexity of data has resulted in a widening gap between the technical analysis and modelling of this data and key business decision makers. Businesses are therefore finding it harder to access, and trust in the validity of, their own data and exploit it with success.
HubIsoft´s smart user interface enables the analysis process to be intuitive, non-technical and engaging. Its solution is opening up the possibilities of big data to clients who had previously found this field overly complicated or heavily reliant on third parties.
Nick Cowlen, CEO at HubIsoft, said: “We’re excited to bring new technology to support businesses at a time they are facing some of their greatest challenges. We’ve an exceptional team and a brilliant product, together we’ve made a big impression so far and have no doubt in the impact we can make in the future. We are absolutely thrilled to welcome Maven on board.”