15th February 2010
TDB Holdings, the specialist IT network management company, announced today that it has secured up to £400k of equity investment from the South East Seed Fund, managed by Finance South East (FSE), and private investors.
Founded in 2002 TDB is a leading authority in the fields of network and systems management, data centre management and business process management (BPM), and have developed a highly innovative software technology under the Federos™ brand to provide significant operational savings through automation, integration and the efficient interaction of complex IT systems and operational teams.
The funds from the South East Seed Fund and private investors will be used to accelerate the growth of the business, which already has an impressive blue-chip client base, including Reliance Globalcom and BT.
TDB CEO, Colin Aurelius commented: "We are delighted to have secured a new round of investment from the South East Seed Fund and other investors. This will enable us to market and promote Federos™ and provide additional working capital to fund growth across our broader business portfolio of products and services.”
TDB also acknowledged the support of Stephen Constable of South East Business Innovation and Growth. “Stephen Constable and the South East Business Innovation and Growth team have been an invaluable source of advice and support throughout the fundraising process.”
Simon Hargreaves, non-executive Chairman of TDB commented: “the relationship with the South East Seed Fund has been very constructive through the investment process. This round of funding will enable TDB to capitalise on the considerable opportunities in the marketplace.”
The South East Seed Fund supports the development of young and innovative businesses, including university spin-outs, at a stage when funding from individuals or institutions is often hard to find. The fund operates on a commercial investment return basis and seeks to invest only in opportunities that it believes have the highest potential for success.
Sally Goodsell, CEO of Finance South East commented: “TDB is a great example of an innovative business with high-growth prospects. Successful products must be in tune with the needs of their users and in the Federos™ product TDB provide customers with a fully integrated solution that works effectively alongside systems already in place. The quality and promise of its product combined with a robust strategy and strong management team makes TDB an excellent investment opportunity. FSE has a long standing relationship with TDB and has previously provided finance through the Accelerator Fund. We are delighted to be supporting the company through the next stage of their development and once again we are seeing the concept of our South East Funding Escalator being borne out in practice”.
Notes to editors The South East Seed Fund
This £5m equity fund invests between £100,000 and £250,000 on a ‘matched-funding’ basis in small and medium-sized enterprises based in the South East, which may include university spin-outs. For more information on the South East Seed Fund please contact Julie Silvester on 01276 608521 or email julie.silvester@financesoutheast.com.
FSE Accelerator Fund
This £10m mezzanine debt fund lends up to £200,000 to high-growth small and medium-sized enterprises across the South East. For more information on the Accelerator Fund please contact Jeff Dober on 01276 608520 or email jeff.dober@financesoutheast.com.
About Finance South East
Finance South East (FSE) is an independent fund management organisation which provides growth finance to ambitious young businesses. It is authorised by the FSA and backed by the South East England Development Agency (SEEDA).
The organisation has a strong track record of achieving significant results through relatively small investments. An economic impact study in 2009 found the companies that FSE invested in grew almost five times faster than the national average.
FSE has a unique business model. Whilst its funds are managed on a commercial basis to meet investor requirements FSE is a not-for-profit entity that does not distribute surpluses.
With offices in Camberley and Ipswich, the organisation works across the South East of England and surrounding areas. The team has won many awards for its innovative approach to funding SMEs.
www.financesoutheast.com
For further details about Finance South East contact Donna Cooper on +44 (0) 1276 608513 or email
donna.cooper@financesoutheast.com
For further details about TDB Holdings contact Colin Aurelius on +44 (0) 1344 852850.