RES Software earmarks new funds for UK

Workspace management vendor clinches $6.3m finance deal

Cash injection: RES Software has received $6.3m of funding from venture capitalist Gimv

Workspace management vendor RES Software has pledged to plough some of its newly secured $6.3m (£4.1m) funding into the UK market.

The cash injection was given by Belgian venture capitalist Gimv. The vendor has earmarked the money for global expansion and to capitalise on the success it has already had in the UK, France, Netherlands and North America over the past 12 months.

Klaus Besier, chief executive at RES Software, said: “Gimv complements RES Software with the resources, reputation and network of a savvy, world-class firm.

“The company looks forward to working with them to build our customer base and channel relationships and further enhancing RES Software’s success.”

Elderd Land, venture capital practice partner at Gimv, said the ROI delivered by the vendor's products and the number of customer wins it enjoyed this year were instrumental in its decision to award the firm its funding.

Land said: “Desktop management is an investment area that Gimv has been tracking carefully given the size of the opportunity and the pace of change.”