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Team Behind MessageLabs to set up Investment Fund
LONDON, October 28 /PRNewswire/ --
- Notion Capital to Fund, Advise and Grow UK Businesses
The team behind MessageLabs, and a number of other successful technology
companies, has today launched Notion Capital, an investment vehicle and
advisory business that aims to help accelerate the growth of technology
businesses.
Ben White and Jos White, the brothers who founded MessageLabs, will be
founding partners in Notion together with Stephen Chandler, Chris Tottman and
Ian Milbourn, three of its most senior executives. The founders plan to
invest GBP20m into the fund and will raise an additional GBP60m to GBP80m
from a network of investors. Notion will invest in early to mid-stage, growth
companies within the IT industry with a particular focus on services with
recurring revenue models and Software as a Service ('SaaS'). Investments will
span from GBP250K in an early stage business through to GBP10m to GBP20m for
a mid-size, growth business.
"After many years of building successful tech companies we know that, in
addition to funding, often what growth businesses need the most, especially
in today's challenging economic climate, is the right advice and experience
to take their business to the next level. Notion will be focused on providing
this powerful combination to our portfolio companies," said Ben White,
founding partner, Notion Capital. "We are passionate about good ideas and
good businesses that have the ability to really shake up a market and we
can't wait to put both our money and experience to work in helping to
transform these ideas into strong businesses and ultimately into market
leaders."
Notion will offer a unique 'Acceleration Program' to every business it
invests in covering a number of modules that the partners believe are the
foundation stones to successful growth and scale. The three main modules
cover sales and marketing, financial management and people performance. The
Acceleration Program will involve Notion's partners getting completely
immersed in each portfolio company, drawing on their skills and experience,
with a view to helping them unlock further potential and accelerate the
development of their business.
"So often, even companies with the best ideas fall short of their
potential. Typically this is either due to a lack of funds or a lack of
experience of how to strike the right balance between growth and
profitability, something that is especially important during an economic
downturn," said Jos White, founding partner, Notion Capital. "In today's
challenging times businesses need to be well financed and well prepared to
survive in the short term in order to build a strong and sustainable business
that can prosper in the longer term. Having been through it ourselves many
times, we believe that Notion can identify high quality businesses that have
what it takes to not only get through the next couple of years but to go on
to be major success stories as the economic conditions improve."
The founding partners offer a wide range of skills and experience. Ben
and Jos White are successful entrepreneurs having founded three companies and
grown them all into market leaders each with revenues in excess of $100M: -
RBR Networks in 1993, Star Internet in 1995 and MessageLabs in 2000. Stephen
Chandler was a director at UBS Investment Bank advising leading global
technology companies on funding and M&A before joining the brothers in 2000
where he has served as the Chief Financial Officer for both Star and
MessageLabs as well as fulfilling other senior leadership roles. Chris
Tottman joined the group in 1999 and has served in a number of management
roles both within Star and MessageLabs. Ian Milbourn is VP Corporate Finance
at MessageLabs and has led a number of M&A and financing transactions for the
company.
About Notion
Notion Capital is an investment vehicle and advisory business that
focuses on early to mid-stage growth businesses in the IT industry and
beyond. Notion creates value by building long term partnerships and through a
combination of capital injection, strategic initiatives and on-going
participation in operational management.
Our partners are all proven entrepreneurs and senior line executives, who
having founded and built a number of highly successful businesses, work with
the management teams and get closely involved in the companies we invest in.
For more information about Notion Capital please visit
http://www.notioncapital.com.
Media Contacts:
Kirsten Scott/ Kim Smith
éclat Marketing
Tel: +44(0)1276-486000
Email: star@eclat.co.uk
General Contact:
Vanessa Williams
Notion Capital
+44(0)844-736-1533
vwilliams@notioncapital.com






