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February 1, 2013 /PRNewswire/ --
New business venture seeks 'glass ceiling' IT companies that need injection of cash, fresh ideas and experience
GOWI Ventures has assembled a team of experienced professionals from the IT industry to develop and build UK technology businesses which have hit their 'glass ceiling' or have just run out of steam. The business is led by Chairman,
John O'Neill and founding director,
Mike Smart, both of whom have more than 30 years experience in the IT sector and who have both acquired and developed a string of successful businesses for themselves.
O'Neill and Smart's experience spans three decades of working in technology businesses and transforming the small and stagnating into something of substance and sparkle. O'Neill comments, "Now is the time to look for and find some of the near successes of the UK technology market, who just need a bit more focus and push to really deliver something substantial for their investors."
O'Neill became an early stage investor in a business start-up, Gowi Group Plc, and was instrumental in its rapid development and the acquisition of funds to grow the business, which eventually concluded in its successful sale to stock market-listed Bond International Software. Most recently he was a significant investor in the Cloud Computing Centre, which was sold in 2012 for an undisclosed sum to the highly acquisitive data centre operator, Six Degrees.
GOWI Ventures primary business purpose is to acquire, invest in and operate software and services companies. Typically these businesses will have developed and are selling their own software to an established base of customers. These businesses may be in need of additional funding or specialist business acumen to take them on through the 'glass ceiling' to the next level.
GOWI Ventures Directors are all seasoned veterans of the technology systems marketplace and collectively deliver significant added value and experience to the operating businesses. GOWI Ventures will provide equity investment and intellectual capital to organisations that could benefit from the introduction of both.