Mobeus checks in to Access-IS
Mobeus VCT Fundraising
Mobeus Equity Partners has made a significant investment to support the management team in growing electronic data-capture solutions provider, Access-IS.
Mobeus has been tracking the business’s development since 2012, when it was initially introduced to the management team.
Founded in 1985 as a specialist keyboard maker, today Access-IS designs and manufactures equipment that enables fast and accurate capture and transfer of information into electronic systems based on bar codes, RFID and image processing techniques. The business is based in Reading and exports 80% of its sales to global customers in its main verticals: Airlines and Airports, Identity and Security, Public Transport and Ticketing.
Access-IS is a market leader in Airlines and Airports with its hardware present in more than 200 airports, including 36 of the world’s top 50. Within the ID and security market, Access-IS is the leading global provider to the fast-growing video ATM market and supports customers across a range of ID verification and Know Your Customer applications. Access-IS has also seen rapid growth in its Transport and Ticketing business having had its technology deployed in ticketing barriers in a number of high-profile locations including Kings Cross and Marylebone stations in London. Mobeus’s investment will be used to accelerate growth plans in these large new markets and support the business as it moves into significant volume manufacturing.
The management team is led by CEO Guy-Franck Nakach and supported by Chairman Alistair Crawford, former CEO of Psion Plc, CMG and CSC.
The transaction represents Mobeus’s fourth new investment of 2015.
The deal was introduced to Mobeus by Darren Miller of Spectrum Corporate Finance with management advised by Stewart Lambert of James Cowper. Chris Price led the transaction for Mobeus with Guy Blackburn joining the board.
Chris Price, Partner at Mobeus, commented:
“Having tracked Access-IS for three years, Mobeus is delighted to have secured an investment in a business we are confident is poised for a period of strong growth. Since our initial introduction to Lorraine Hall and Nigel Bonsor, the high quality management team has been supplemented by the addition of Guy-Franck Nakach (CEO), Colin Williams (FD) and Alistair Crawford (Chairman). Access-IS has established a significant foothold in a number of new exciting market segments and Mobeus looks forward to supporting management’s ongoing strategy.”
Guy-Franck Nakach, CEO of Access-IS, said:
“Mobeus made it clear from our first meeting that they bought into our vision for Access. Early in the process, they mobilised senior resource to give us real confidence in their motivation to work alongside us and, having made their offer, delivered it through an intense period of due diligence. We are delighted to welcome Mobeus’s Guy Blackburn to the board and look forward to working alongside our new partners as we build on the successful track record established by Access-IS founder Roger Wylie.”