GetBusy Plc Announce Business Growth Fund take 12.9% stake

GetBusy Plc

GetBusy plc, (LON:GETB) a leading developer of document management and productivity software products, has just announced that Business Growth Fund (“BGF”), the UK and Ireland’s most active investor in growing businesses, has taken a 12.9% share in the Company, making BGF GetBusy’s largest non-Board shareholder.

Paul Haworth, CFO of GetBusy, commented “We are delighted that BGF has decided to join our share register. BGF is a high quality investor providing long-term and patient capital, the potential for flexible investment structures and access to an unparalleled international network of business leaders and sector experts. We look forward to working with BGF and our other investors well into the future as we build a sustainable, scalable subscription software business.”

GetBusy is an established, successful, award-winning Document Management software business, with operations in UK, USA, Australia and New Zealand, providing over 57,000 customers with a highly secure form of digital document distribution with the flexibility to suit any business or industry. It has found particular success in the accountancy, legal and financial services verticals. Over 864,000 users are registered to share information through GetBusy’s online client portals.

The Group has three core product offerings:

· Virtual Cabinet is Document Management software focused on the medium size to enterprise size markets. It is used by 27 of the 100 largest accounting firms in the UK and 12 of the top 20 accounting firms in Australia and New Zealand;

· SmartVault is an award-winning Document Management software targeting the professional small and medium enterprise market, and is long established in the USA;

· GetBusy (in development) is a new product which will help customers create stronger relationships with less effort, help users become more organised and productive, and reduce their administrative burden.

The Group has an international reach, rapidly growing existing products, a proven business model, and strong momentum moving into the future.

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