"We first invested in Resonant Software in 2013 and brought this highly innovative software to the UK, from the USA."
Investment manager and EIS provider, Deepbridge Capital, today announced the exit of its holding in iPipeline Holdings Inc.
iPipeline is a provider of cloud-based software solutions to customers in the financial services and life industry.
Deepbridge was the initial EIS investor in Resonant Software, which subsequently merged with iPipeline Holdings in 2017.
Deepbridge’s investors in Resonant Software, and subsequently iPipeline Holdings, will receive a return on investment of up to 3x.
Ian Warwick, managing partner at Deepbridge Capital, commented: “We first invested in Resonant Software in 2013 and brought this highly innovative software to the UK, from the USA, under permanent establishment rules. Due to our hands-on management style, we were able to ensure Resonant’s subsequent merger with iPipeline in 2017 was completed in a manner that was best suited to the interests of our investors.
"We are delighted to complete another exit and provide a positive return to our investors. The successes of our investee companies reinforce our commitment to identifying, managing and supporting the best technology and life sciences innovations.”
