Fresh funding will enable Push to enhance its sales and marketing efforts
as well as broaden product development
Maven Capital Partners (“Maven”) and Guinness Asset Management (“GAM”) have led a £10 million funding round for Push Technology, the pioneer and leader in real-time data streaming and messaging solutions. This will enable Push to enhance its sales and marketing efforts as well as broaden product development.
Alongside the equity investment from Maven and GAM, the transaction also includes investments from existing shareholders. Maven Investment Director, Andrew Symmonds and Guinness Investment Manager, Ashley Abrahams, will join Push Technology’s Board of Directors.
Push Technology is a pioneer and the leader in Enterprise-grade, real-time, data streaming and messaging for mission-critical business applications worldwide. They are the company behind highly regarded software “Diffusion” which enables clients to aggregate, manage, and broadcast real-time data at scale with high efficiency. The platform is integrated into clients´ infrastructure through ‘cloud’, ‘on-premise’, or hybrid offerings, to ensure it fits each organisation’s business and regulatory requirements.
Supported by an experienced and driven management team, founder Sean Bowen has led the company since inception and worked to grow Push’s global footprint and position them as a market leader in the US and Europe. Push Technology’s services offer great potential for broader applications both in the corporate and consumer sectors. As more businesses adapt and move online, the market for real-time, secure data streaming technology is only expected to grow. With their proprietary technology, Push offers companies an unparalleled platform for strengthening data security while also driving IT cost efficiencies.
With the explosion of web, mobile, and IoT applications, immediacy is more vital than ever. Push Technology helps leading organisations across the globe, such as TPICAP, Lloyds Bank, William Hill, and Racing Post overcome the challenge of harnessing constantly expanding and evolving data volumes to meet modern day demands.
Adam Bunch, Investment Manager at Maven, said: “Maven is delighted to be supporting Push Technology during this exciting time of expansion for the firm. Push has a unique, established market position and has built a strong blue-chip customer base across financial services, e-gaming and IOT, where the importance and value of real-time data is paramount. Sean and the team have been very successful driving the company forward to date and we very much look forward to working with them as they embark on their next stage of growth.”
Ashley Abrahams, Investment Manager at Guinness Asset Management, said: “Guinness is excited to be supporting Sean and the team at Push Technology as they continue their impressive expansion. We are looking forward to working with the team on the next stage of their journey.”
Sean Bowen, CEO and Co- Founder, said: “We are in the enviable position of serving the rapidly expanding markets for real-time web, mobile and IoT communications. The added financial support and counsel of Maven Capital Partners and Guinness Asset Management will allow us to execute our vision faster.”
