OmPrompt, the messaging connectivity company, has secured £1 million from existing investor Shackleton Ventures.
OmPrompt, the messaging connectivity company, has secured £1 million from existing investor Shackleton Ventures.
The funding will be used to expand the technology and broaden the business in the UK and internationally.
The investment results in a 49 per cent interest and came from Shackleton’s second fund, the Shackleton Secondaries II Limited Partnership, which was established in 2007 and has £25 million under management.
OmPrompt provides real-time transformation of message formats, such as EDI, XML and spreadsheets into other formats, with a fully integrated system.
Hugh Stewart, managing partner of Shackleton, who will be joining the board, said: “I am delighted to be backing the team at OmPrompt which has generated an increase in revenues of more than 30 per cent in the past year. They have excellent ideas for extending the company’s range of services and we look forward to working with them to build the business.”
OmPrompt’s management team is led by CEO John Wakeman and Chairman Jeff Maynard, formerly CEO of Netstore. Customers include Kimberley Clark, Ceva Logistics and Nestlé.
