New investment will extend product functionality, availability, service and support for the world’s largest manufacturers in the Aerospace and Defence industries
BOXARR, the world's leading provider of Interdependent Systems Management (ISM) software, has announced that it has received additional investment of £2 million which will be used to accelerate growth in the aerospace and defence industries.
The funding, which is being provided by existing shareholder IP Group plc and new investor Parkwalk, means that BOXARR can significantly accelerate its growth plans. This will enable extended geographical reach as well as advances in product functionality to meet new customer requirements while enhancing service and support for all customers.
BOXARR will remain focussed on the aerospace and defence sector where its solutions are already embedded and delivering value in manufacturers such as Airbus, Boeing, Raytheon, Rolls Royce, Siemens, and the US Navy.
Alasdair Pettigrew, Chief Executive of BOXARR Ltd, said: “BOXARR has been successful because we are the only solution that really works for vastly complex aerospace and defence projects. There are enormous opportunities for growth and this new investment will help us to realise our plans. It is particularly pleasing that IP Group has added funds and we are delighted to welcome Parkwalk as a shareholder.”
BOXARR has a been a memebr of the Bristol SETsquared Centre both since it was on the University of Bristol precinct and before re-locating to Engine Shed in Bristol’s Temple Quarter Enterorise Zone. Nick Sturge, director of the Bristol SETsquared Centre, commented: “Boxarr is one of truly global companies – with a customer list many other companies aspire to. We are delighted that Alasdair and the team at Boxarr have secured this funding and we look forward to their being a part pf their continued growth.”
BOXARR is the world's leading provider of Interdependent Systems Management (ISM) software. Our unique software solution addresses the convergent challenges of Systems Engineering, Supply-Chain, Process and Planning.
BOXARR enables better understanding of risks & visibility of mitigations, identification of cost reduction opportunities, planning more realistic schedules and enabling achievement of consistent product quality & regulation compliance.
BOXARR saves companies time and money, whilst reducing risk. BOXARR is now embedded and delivering value in several of the Aerospace & Defence industry's biggest players; such as Airbus, Boeing, Raytheon, Rolls Royce, Siemens and the US Navy.
For more information, please visit our website at www.boxarr.com
About IP Group
IP Group is a leading intellectual property commercialisation company which focuses on evolving great ideas, mainly from its partner universities, into world-changing businesses. The Group has pioneered a unique approach to developing these ideas and the resulting businesses by providing access to business building expertise, capital (through its 100%-owned FCA-authorised subsidiary IP Capital), networks, recruitment and business support. IP Group has a strong track record of success and its portfolio comprises holdings in over 90 early-stage to mature businesses across four main sectors -- Biotech, Cleantech, Healthcare and Technology. The Company is listed on the Main Market of the London Stock Exchange under the code IPO.
For more information, please visit our website at www.ipgroupplc.com
Parkwalk is a London-based independent investment management firm with a portfolio made up primarily of companies spun out from the UK's leading universities and other research-intensive institutions. We aim to provide value to our investors by investing in innovative UK growth companies judged able to generate substantial returns through exploiting intellectual property and commercialising winning new technologies.
For more information please visit our website at www.parkwalkadvisors.com
SETsquared is a collaboration between the universities of Bath, Bristol, Exeter, Southampton and Surrey which provides services to accelerate businesses and boost enterprise.
Its incubation programme specialises in growing technology start-ups from bases or ‘incubation centres’ at each of the five universities. Start-up companies do not have to be based in one of the SETsquared centres, non-residents can be part of the programme, benefitting from the same world-leading mentorship, networking opportunities and access to investors.
In the last 10 years, the SETsquared Partnership has supported around 1,000 companies and helped them raise more than £1bn in capital. In October 2015, the Partnership of SETsquared Centres was ranked best university business incubator in Europe, for the third year running.
Contact for further information:
BOXARR Limited, Engine Shed, Station Approach, Temple Meads,
Bristol, BS1 6QH, United Kingdom.
Tel: +44 (0) 117 911 4762.
Fax: +44 (0) 117 911 4314
Company email: email@example.com