Digital Preservation: Preservica Gets $3.8 Million in Funding From Mobeus Equity Partners
Oxfordshire [UK]-based startup Preservica has scored $3.7 million (£3 million) from Mobeus Equity Partners for its digital information security technology.
They claim over 100 customers including an impressive list of clients: 16 US state archives, BT, HSBC, Transport for London (TfL), the Associated Press (AP), Yale University, and the Museum of Modern Art (MoMA). HSBC is using it to protect corporate records while the Texas State Library and Archives Commission is trying to improve public access to government records. They predict major demand from healthcare providers and pharmaceuticals as the digital records industry matures.
“Everyone at Preservica is delighted by the investment and support we’ve received from Mobeus Equity Partners. It is a real validation of the potential of the business and the growing demand for a digital preservation solution that enables organizations to protect the value of their vital digital information. The funding will allow us to expand our partnering program and accelerate our product vision to make digital preservation a seamless and automated part of the digital information lifecycle.” –Mike Quinn, Preservica CEO
About Gary Price
Gary Price (email@example.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com.