Software company HighQ lands £35m investment
Latest finance will help global company accelerate international expansion further and invest in product development
HighQ, a software-as-a-service provider, has secured £35m in funding from One Peak Partners, Morgan Stanley Merchant Banking and Goldman Sachs Private Capital.
Founded in 2001, London-based HighQ develops software for enterprise collaboration and content management to major law firms, banks, governments and corporations around the world, to help improve processes, increase security and increase value for clients.
Its products include: HighQ Collaborate, secure file sharing software; HighQ Dataroom, a virtual data room; and HighQ Publisher, integrated publishing and content marketing software.
With offices in New York, Amsterdam, Frankfurt, Sydney and Ahmedabad, the company claims its client base includes more than 40% of the world’s top 100 law firms and many leading financial institutions including Linklater, Simmons & Simmons, Barclays, Allen & Overy, Morgan Cole, and Olswang to name a few.
The finance will be used to fuel international growth and to invest in product development.
Ajay Patel, CEO and co-founder of HighQ, said: “This is a significant milestone in HighQ’s history and the beginning of an exciting new era for the company.
“The application of innovative technology to transform the way businesses operate combined with exceptional service is at the heart of our mission and what we do best.
“We are delighted to partner up with three world class investors, whose depth of experience in providing strategic and operational guidance will add immeasurable value to our growth efforts.”
Humbert de Liedekerke and David Klein, co-founders and managing partners of One Peak, commented: “We look forward to building on the considerable success already achieved by the management team, and to supporting HighQ in its next phase of growth.”