Tech services company ebb3 has attracted a £1 million investment from one of the UK’s most active private equity houses, in order to grow the business and acquire more talent.
Maven Capital Partners announced the investment in ebb3 on Tuesday, with the potential for an additional £0.5 million of follow-on funding. ebb3 is an innovative technology services business operating in a niche part of the high performance computing market. It delivers data intensive 3D graphical applications to customers on any device using High Performance Virtual Computers, and its solutions negate the need for businesses to maintain and run traditional fixed location computer workstations across their organisations.
ebb3’s technology is able to drive heavyweight applications for the likes of computer assisted design (CAD) or computer generated imagery (CGI) work, delivering 3D graphics without compromising on performance. Traditionally heavy graphics applications have required expensive inflexible fixed location single-user workstations, and ebb3’s solution eliminates bottlenecks, improves efficiency and collaboration, reduces the need for travel, improves security and can be accessed from any device.
The demand for real-time virtualised software solutions is forecast to continue to grow at over 25 percent per annum. Within ebb3’s niche segment, exponential data growth, and remote working will continue to drive strong demand for 3D graphical applications to be delivered virtually.
The funding from the Maven VCTs will enable ebb3 to significantly scale its skilled workforce of solutions architects and implementation technicians, as well as converting the current pipeline of opportunities.
Andrew Ferguson, Partner at Maven, said: “We are very excited to be supporting the team at ebb3 in the roll-out of this disruptive technology. ebb3 has a highly scalable business model with the potential for significant expansion and has already been embraced by key integrators. Given the growth we have seen in the wider market, we are confident that the demand for ebb3’s niche solutions will remain strong in the coming years.”