HMT LLP advised Mobeus Equity Partners (“Mobeus”) on their investment in data privacy software company Active Navigation.
Headquartered in Winchester with offices in the USA, Active Navigation is an industry leader providing unique file analysis software used for content discovery, compliance, classification and ongoing governance and control of unstructured data for leading commercial and government organisations across the world.
Mobeus led the $11million fundraising, to support the launch of a new SaaS product and accelerate Active Navigation’s further expansion across the globe. The investment comes after a period of strong growth for the data software company, who has recently added some of the world’s best known brands to its customer portfolio, including BAE Systems and the United States Marine Corps.
Following the transaction, Mobeus’ Partner Trevor Hope has joined Active Navigation’s board.
HMT, led by Partner Paul Read, Manager Corin Briault-Hutter and Executive Andrew Reid undertook financial due diligence for Mobeus on this transaction.
Greg Blin, Investment Director at Mobeus commented:
“The help from Paul, Corin and Andrew at HMT was invaluable during the whole process, carrying out financial due diligence for Mobeus. As always they were insightful and professional, and we look forward to working with them again in the future.”
Paul Read commented:
“We are delighted to have advised Mobeus on their investment in Active Navigation. The business has enjoyed strong growth in the recent past and with this injection of capital now looks set to cement its position as a word-class leader in a fast-growing market through continued innovation and new product launches.”