Data capture technology for transportation and ticketing
Mobeus VCT Fundraising
Access-IS creates hardware to read tickets, take contactless fare payments, and image and authenticate travel and identity documents. Its passport and boarding pass scanners are used in over 200 airports worldwide. If you’ve travelled through an airport, you have almost certainly used an Access-IS product.
We financed the £11 million MBO of Access-IS, investing alongside management for a significant minority stake. Deliverability in the required timescale and on the agreed terms was critical to the vendor. We won the deal on reputation and delivered the agreed terms.
Our investment has been used to support the business’s further development into new verticals, such as ID and security, including providing solutions to global ATM suppliers, and to further expand its transport and ticketing solutions. In addition significant investment has gone into restructuring Access’s back office and infrastructure to ensure it’s able to deliver on its ambitious growth plans.
“We look for problems that need solving and invent class leading solutions, that operators and the general public can depend upon. 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.”