Performance measurement firm Silent Edge has received a GBP2.2 million injection from investment firm Rockpool Investments.
The deal will bring Silent Edge's skills assessment software to a range of new industries, enabling businesses to join the current era of data-driven talent management.
Rockpool has provided GBP1.8 million equity in the form of EIS-qualifying shares together with a venture loan, and taken a significant minority ownership position in Silent Edge.
Silent Edge is Rockpool's seventh investment of 2014 and follows deals with Growth Power, Macro Assembly, Clarity Diamonds and Rockpool's third crematorium, South Leicester Memorial. So far this year Rockpool has invested a total of GBP24.2 million in seven businesses across a wide range of sectors.
Silent Edge’s technology platform enables organisations to accurately evaluate their people in order to provide skills development. Clients include BT, Lafarge Tarmac, Archant, and Barclays.
Matt Taylor, founder and managing partner at Rockpool, says: “Many businesses ask us to back their plans for rapid growth, but few can point to the track record of success that Silent Edge has already enjoyed. With such a strong base of happy customers, it’s easy to see how Silent Edge can become one of the most exciting growth stories of the next five years. Silent Edge is the sort of profitable growth company that exactly fits with Rockpool's model.”
Russell Ward, founder and CEO of Silent Edge, says: “Technology continues to have an increasingly significant impact on skills development. The most effective talent development technology ensures that learning is efficient, accessible, connected, and engaging – this is what we invest in at Silent Edge. We chose to work with Rockpool because of their sterling reputation and extensive network of contacts around the world. Using our evidence-based approach, sophisticated platform, and new SaaS offering, we intend to make the latest talent development technology accessible across the globe to a potential market we estimate to be worth over GBP1 billion. This will help organisations of all sizes make their talent management processes accurate and sustainable.”
