Panoramic et al. invest in Concorde

JMI Equity led the round, which saw existing investors Panoramic and Elderstreet participate. In November 2011, Panoramic injected £1m into Concorde.

The fresh capital will allow Concorde to enter new markets, invest further in product development and bolster its sales operations.

Company
Founded in 2007 and headquartered in Reading, Concorde has developed a software-as-a-service product for enterprise – Core Control – designed to aggregate and analyse all data from the software and licensing information available within a business.

Concorde claims its product has the ability to identify methods of reducing cost, lowering risk and driving efficiency in procurement, application and distribution.

People
Martin Prendergast is the CEO of Concorde. Panoramic investment partner David Wilson currently sits on the company's board of directors, while JMI founder Charles Noell is joining the board following this round.

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