Tag: NorthEdge Capital

Pimberly looks to expansion and sets sights on $10 million target

Posted on July 12, 2019 by - News

Manchester-based Pimberly thinks that the time is ripe for expansion now that it has passed its $1 million annual recurring revenue (ARR) milestone earlier this year.

The outfit is am SaaS Product Information Management (PIM) and Digital Asset Management (DAM) platform provider and has annouced it is moving into scale mode, investing to accelerate growth and achieve an ARR target of $10 million.

Pimberly’s PIM platform acts as a central hub for all omnichannel product data, including descriptions, specifications, sizing, pricing, availability, imagery and videos for multiple brands, currencies and geographies. Its automation and intuitive “No-Code” UI  streamline ERP/eComm workflows. This helps retailers, distributors and manufacturers to seamlessly expand into new marketplaces and territories, as well as rapidly increasing time to market and the agility of their products and services.

Alcuin Capital Partners snags Apple reseller

Posted on March 6, 2018 by - News

800px_COLOURBOX2478178Apple reseller Jigsaw24 has been sold to private equity outfit Alcuin Capital Partners

The deal for the Nottingham-based firm, which generated revenue of £95.2 million in its last reported financial year, means that CEO Martin Balaam will leave the building with his belongings in an old photocopy box.  Gone also will be Jigsaw24’s previous private equity backers NorthEdge Capital, who invested in 2013.

Balaam said he has had no regrets and it has been an incredible five years and he sees big things coming from Apple’s creative technology as  ‘mobile first’ was now reality and businesses have digital transformation at the top of its strategies.

NorthEdge is not too fussed either.  It said it saw a three times return on its investment in Jigsaw24.

Jigsaw24 founder, and current managing director, Roger Whittle will step into Balaam’s shoes as CEO.

Whittle said: “With John Hughes as COO alongside myself, and some significant additions to our revitalised management team, we are excited about implementing our ambitious investment plans, as we work together in close partnership with Alcuin Capital, taking Jigsaw24 onto the next level together.

“Our close collaboration with Apple in the exciting and growing areas of enterprise, education and digital transformation allied to our strong momentum within the media and entertainment sector backed by an expanding services proposition give us great confidence in the future.”