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Push Technology secures long-term investment from Stephens Capital Partners
High performance enterprise messaging technology leader targets accelerated growth following private equity agreement
Push Technology has grown quickly to become a leader in the provision of real-time push engine solutions, increasingly establishing its Diffusion technology as the de-facto choice for organisations with mission-critical enterprise messaging applications. The company grew revenues by some 400 percent over the last year, and is targeting continued expansion through direct sales, co-operative technology partnerships and international development.
“At Stephens Capital Partners we’re interested in long-term value creation, and are always looking to invest in exceptional companies with a clear vision of growth. We’re delighted to support Push Technology as it enters its next major expansion, providing them with the capital they need to achieve their ambitious goals,” commented Andrew Stafford-Deitsch, the Stephens Capital Partners Director responsible for the London office. “We look to partner with organisations that have strong management teams, that are successful and have cash-flow producing operations, and that demonstrate real growth potential. Push Technology fulfils our key investment criteria - it’s a company that has started strongly, carries no debt, has already secured some major corporate customers, and is now poised for its next major growth phase. We look forward to working with the Push management team as they deliver on this exciting opportunity.”
“Stephens Capital Partners is an ideal financial partner for Push Technology as we accelerate forwards on our next stage of growth. In addition to funding, the firm brings over 75 years’ of deep financial and business expertise to Push, and shares our ambition to grow the value of the company,” added Sean Bowen, Push Technology’s Chief Executive Officer. “With the support of Stephens Capital Partners we can remove our current bandwidth restraints, invest in key sales, operational management and marketing resources, and extend our technology leadership by broadening our solutions stack.”
Headquartered in London, the Push Technology team has significant experience of working on mission-critical enterprise messaging solutions for firms in the high intensity financial services and City markets. Working with Push Technology, organisations with demanding real-time two-way communications requirements – such as online gaming companies, financial institutions, spread betting firms and newsfeed providers – can redefine the boundaries of their Internet performance.
About Stephens Capital Partners
Stephens Capital Partners is a privately-held, independent investment company based in Little Rock, Arkansas, with an office in London. Stephens Capital Partners invests its own money, and focuses its investments on exceptional companies with a clear vision of growth. For more information, please visit www.stephens.com
About Push Technology
Push Technology Limited is the leading specialist provider of high performance enterprise messaging and Internet communications solutions. Through its Diffusion family of real-time push engine solutions, the company develops and delivers solutions that help customers in key sectors such as financial services, eGaming, social media, multiplayer gaming and transportation to unlock the power of today’s multi-channel, multimedia Internet experience. For more information, please visit www.pushtechnology.com
For further details, please contact:
Push Technology PR Team
Tel: 07974 937970
Tel: 0871 200 2246
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Through its innovative Diffusion real-time messaging and internet messaging communications platform Push Technology enables its clients to move fast to take advantage of new channels and maximise their revenue opportunities.
Being first to market with a mobile service, or extending the offer to embrace social networks, can mean the difference between success and failure. Deployment of Diffusion opens up the potential of a true two-way, secure, real-time online channels – not only accelerating business performance, but also ensuring the business stay’s ahead of the technology curve.
Diffusion’s ability to enable enterprise-class solutions - such as real-time audience interaction, and low latency, personalised multimedia and multi-channel information - positions Push Technology as a distinctive technology partner with the ability to take internet applications way beyond Web 2.0.