In this article Close Brothers Technology Services explains how it is working with companies to realise their intellectual property potential.
Raising capital against software intellectual property is becoming an increasingly popular and innovative way for companies to raise funding for further investment and release cash back into the business.
As specialists in the field, Close Brothers Technology Services have been working with companies to unlock their intellectual property potential for several years now.
Martin Cadby, relationship director at Close Brothers Technology Services, says: ‘’Many businesses have yet to realise the value that their software intellectual property holds. Equally, many mainstream funders don’t understand this area sufficiently to provide appropriate and affordable facilities.
‘’We understand that software development is increasingly important for many UK businesses; however, this often comes at a significant and ongoing expense. Because software rarely stands still, businesses must have the resources to invest in regular developments to stay ahead of the competition and generate future revenues.”
How it works
To help businesses identify the value, Close Brothers Technology Services has developed a seven-step software funding product that sees capital released back into a business at the end of the process.
The benefits are many and multiple, including:
• Valuable release of capital back into your business to either:
– Invest elsewhere in the business
– Invest in additional development of your software
• Ownership of Intellectual Property Rights (IPR) stays under the control of the business
• Ability to flex the amount lent against the intellectual property
• No need for you to release equity in your business to raise capital.
CPG Logistics is a long-established privately-owned company that has provided logistics services since 1978. Today, the company is recognised as one of the UK’s leading solution providers for specialist logistics services and supply chain management.
The company has developed Medisa, a standalone online system for the healthcare industry and were keen to further invest in its development. CPG’s management team wanted to finance the software intellectual property for Medisa following previous success with a different product, Pharmisa.
After meeting Close Brothers Technology Services, the team at CPG agreed a £400,000 60-month Software Intellectual Property Rights secured loan to finance the development of the Medisa software catalogue and to further develop enhancements, increasing functionality and the ability to service new products, including veterinary pharmaceuticals.
Close Brothers Technology Services’ Software Intellectual Property funding has
proved to be a solution that has enabled CPG to release cash from development costs and the management team is confident the investments they are making will increase sales revenues, further locking their clients into an industry-leading solution.
‘’We initially approached Close Brothers Technology Services due to their expertise in this field and we weren’t disappointed. We found them to be both knowledgeable and adaptable meaning they were able to tailor a solution specific to our needs,’’ said Richard Lord, managing director, CPG.
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