Foresight invests in S4RB

The deal valuation remains undisclosed, though Foresight typically makes investments of up to £5m.

S4RB will use the fresh capital to invest in product development and expand into new markets across the UK and continental Europe. Following the deal, the company will also undertake a recruitment drive.

Foresight senior investment manager Mike Quinn will take a seat on the S4RB board following the deal, in the role of investor director.

Company
Headquartered in Nottingham and founded in 2006, S4RB develops cloud-based platforms enabling retailers to communicate with customers and analyse data. Its SupplierEngage product is a communications platform that enables companies to provide customer support and carry out data research, while its UBX BaseHub and UBX Link products are collaborative data analysis programs.

The company has a headcount of 30 and counts Asda, Waitrose and Walmart among its clients.

People
Foresight – Mike Quinn, Seb Saywood (senior investment managers).
S4RB – James Butcher (managing director).

Advisers
Company – Gateley, Mark Rutherford, Liz Mills (legal).
Equity – Fraser Brown Solicitors, Gavin White, Peter Abel (legal); Mazars, Julian Clough, Adam Foster (financial due diligence).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Foresight Group
• Venture