Maven co-leads £10 million funding round for Push Technology
Maven and Guinness Asset Management have led a £10 million funding round for Push Technology, a pioneer and leader in real-time data streaming and messaging solutions for business applications worldwide. The investment will enable the company to enhance its sales and marketing efforts as well as broaden product development.
Push Technology’s highly regarded API management software 'Diffusion' enables clients to aggregate, control, and broadcast real-time data at scale with high efficiency. The platform is integrated into clients´ infrastructure through ‘cloud’, ‘on-premise’, or hybrid offerings, to ensure it fits each organisation’s business and regulatory requirements.
Supported by an experienced management team, founder Sean Bowen has led the company since inception and has progressively grown its global footprint. Push Technology’s services offer great potential for broader applications both in the corporate and consumer sectors. As more businesses adapt and move online, the market for real-time, secure data streaming technology is only expected to grow. Push's proprietary technology provides companies with an unparalleled platform for strengthening data security while also driving IT cost efficiencies.
With the explosion of web, mobile, and IoT applications, immediacy is more vital than ever. Push Technology helps leading organisations across the globe, such as TP ICAP, Lloyds Bank, William Hill, and Racing Post overcome the challenge of harnessing constantly expanding and evolving data volumes to meet modern day demands.
Push Technology’s offering is well-timed with the rapidly escalating demand for solutions that extend systems and applications across web and mobile networks reliably and securely. Companies everywhere are increasingly reliant on web, mobile, and IoT systems and applications to drive business growth. Push Technology’s Real-Time API Platform is a powerful cross-industry solution and Maven are excited to collaborate with and support them as they continue to build a great company in an exciting category.
Andrew Symmonds, Investment Director at Maven
We are in the enviable position of serving the rapidly expanding markets for real-time web, mobile and IoT communications. The added financial support and counsel of Maven Capital Partners and Guinness Asset Management will allow us to execute our vision faster.
Sean Bowen, CEO and Co- Founder at Push Technology