Bluebox advises on the fundraising of ProspectSoft

Bluebox Corporate Finance is delighted to announce the completion of a successful fund raising for ProspectSoft, a market leading developer of SaaS based CRM and eCommerce software who have been backed by private equity firm, Maven Capital Partners.

The funds will be used to assist in the rollout of ProspectSoft365, the company’s new cloud-based SaaS software application.

Founded in 1995, ProspectSoft is a developer of CRM and eCommerce software for the B2B market that integrates with major business accounting packages such as Sage, Exchequer, Access and Pegasus. The company has delivered over £50m of revenue through its eCommerce platform and has recently launched SaaS versions of its software on the Microsoft Azure Cloud.

Bluebox began working with ProspectSoft in 2015, working through the Blue Diamond Programme to assist in preparing the business for investment before advising on the fund raising itself.

Paul Herman, CEO of Bluebox added: “Having worked with the Shareholders and the Management team of Prospectsoft for a number of years, I am delighted that the Bluebox team has delivered a deal that meets the objectives of all parties. Maven is an excellent partner for ProspectSoft and, working closely together with our client, we believe that they have a very exciting opportunity with the rollout of Prospectsoft 365.”

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