MultiTaction raises €7M in funding to fuel further growth and innovation

30 Nov 2016 PR MultiTaction Press Release

Harbert European Growth Capital touches the future with advanced visualisation solutions

A press release from MultiTaction

MultiTaction raises €7M in funding to fuel further growth and innovation

Helsinki – 30th November 2016 – MultiTaction, the leading provider of advanced visualisation solutions, today announced that it has secured an additional round of growth capital funding of €7million from Harbert European Growth Capital Fund (HEGCF).

In the last financial year, MultiTaction has significantly grown its business at a Compound Annual Growth Rate (CAGR) of 50%. Building on this momentum, MultiTaction will use the funding to further accelerate growth of its MT Canvus software platform for real-time collaboration and big data analytics.

The MultiTaction platform offers a completely unique solution for all large organisations that are struggling today to leverage the vast sums invested in taming big data challenges. The investment will play a key role in fuelling an accelerated growth strategy for MultiTaction with particular emphasis on markets in Asia, Germany and the UK. Current investments in research and development will be expanded in order to speed time to market on new software developments along with market entry into key verticals such as medical technology and security.  

MT Canvus can sit on top of both the award winning ultra-responsive MultiTaction interactive video wall technology as well as other touch devices. The solution is used by organisations globally in more than 50 countries and leveraged by some of the world’s leading corporate brands to gain operational insights from their big data investments through collaborative analytics; to engage clients by showcasing their solutions through an interactive platform and to increase productivity through socialising and educating staff on new operations, processes and products. 

“We are impressed by the unique proposition that MultiTaction represents for its customers. The company has primarily driven growth through clients adopting the solution on a global basis.  We are excited to provide growth capital to MultiTaction at a turning point in the industry, where large organisations are increasingly looking to give their businesses a competitive advantage from big data investments,” said Johan Kampe Senior Managing Director of Harbert European Growth Capital Fund (HEGCF).

“According to leading industry analysts over 80% of big data projects will fail next year and we believe that we have the solution to help organisations gain real-time insights from their big data. Harbert’s investment will help us reach into new market segments and accelerate delivery of new software solutions. We are delighted to be working with Harbert,” said Pete Malcolm, CEO of MultiTaction.

 

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