LONDON, June 15, 2010 /PRNewswire/ --
- Copperdime Completes a New Round of Investment to Support the Company's Growth Plans
Copperdime, the leading global provider of next generation retail trading platforms, is delighted to announce it has received significant new investment from Blenheim Chalcot, a leading UK investment group. Building on the company's success, this investment will support growth programs including further development of the market leading Copperdime Platform, key new hire on the management team and expansion of global locations to better support clients' needs.
The company also announced new offices in Singapore and India to support a growing client base in Asia. New offices in New York are planned for the second half of 2010.
Charles Mindenhall, Blenheim Chalcot managing partner, commented: "We have been impressed with the Copperdime team and the business they have built over the last few years. The quality of the Copperdime platform, and the client base they have won in a short period of time, convinced us this is a business with significant potential for further development in an exciting industry."
Adrian Patten, Piers Balmer, and Terry Johnston, the Copperdime executive team, commented: "We are delighted to secure the backing of Blenheim Chalcot. The BC team has a proven track record of backing companies with strong growth potential, and we are looking forward to further success with them as a significant investor in the business."
Charles Mindenhall and David Burnett will join the Board, with Charles assuming the role of Chairman.
Charles is co-founder, with Manoj Badale, of Blenheim Chalcot. He is also Chairman of Agilisys, an IT outsourcing group that evolved from netdecisions, which he co-founded. He also co-founded Fluency (a voice recognition company), Eviivo (a leading travel booking platform), Steeltrace (a software tools business), the Rights Company (a media rights business), and TDX Group (the UK's leading delinquent debt specialist). Charles is a non-executive director of Fairpoint (AIM quoted financial services), Emerging Media (part owners of the Indian Premier League team, the Rajasthan Royals), and Corporate Pay, a prepaid credit card provider. Charles is a founding trustee of Operation Smile UK, and the Chairman of the Charity Technology Trust.
David Burnett is a Partner at TT International, a leading hedge fund and investment manager. Prior to TT International, David had spent his career at UBS Warburg and its predecessor companies. He started as an Equity Analyst and went on to hold various roles, including responsibility for the bank's Russian and South African operations, Head of the Fixed Interest and Treasury Division of SG Warburg and Head of the Japanese Equity business in Tokyo.
Copperdime is a global provider of next generation retail trading platforms. The company leads the industry in the deployment of true multi-asset trading and multi-tier white-label distribution, enabling clients to rapidly launch new products, accelerate growth in new markets and improve the trading experience for their customers. Copperdime supports its global clients from offices in Europe, Asia and Australia. http://www.copperdime.com
About Blenheim Chalcot:
Blenheim Chalcot is a diversified venture capital firm focused on making active investments in the UK and India. Founded by Charles Mindenhall and Manoj Badale, the firm has more than 10 years experience of running, investing in and developing businesses by working closely with entrepreneurs to actively help grow their businesses. Current investments cover a broad range of sectors, with an emphasis on growth and innovation at their core.
SOURCE Copperdime Limited