Mobeus invests £4m in Biosite

The investment will support the expansion of the Biosite team to facilitate the development of new construction site management tools, which will aim to enable site managers to oversee all aspects of a construction project under their control.

Mobeus has introduced Mark Roberts, former CEO of structural engineering software developer CSC, as non-executive chairperson.

Company
Founded in 2010 and based in Shirley, Biosite has developed a fingerprint algorithm that works with low grade fingerprints to provide access control for workers coming on site. Accompanying this, Biosite's software system allows customers to use the data collected from the access control platform to manage their workforce as well as provide broader security services, including integrated CCTV, fire alarms and guarding.

People
Mobeus Equity Partners – Amit Hindocha (investment manager).
Biosite – Li Wang (managing director).

Advisers
Equity – Browne Jacobson (legal); Crowe Clarke Whitehill (financial due diligence); Insight into IT (IT due diligence).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Mobeus Equity Partners