Wednesday 3 March 2021

Someone's investing in the arts?!

I don't believe it!

'It's true, boss.'

I just don't believe it, Voice. I don't believe Foresight is giving me £2 million.

'Eh? That's not the story!'

Ha!

PR email ...

Foresight Group LLP ("Foresight"), a leading listed infrastructure and private equity investment manager, is pleased to announce a £2 million follow-on investment into Spektrix Limited ("Spektrix" or "the Company"), to support further growth opportunities and to continue the excellent work the Company is doing in the arts sector, despite The Thing.

Ah, never mind.

Founded in 2007, Spektrix was an early pioneer in bringing cloud technology to the arts. It is now the UK industry's leading SaaS solution, encompassing ticketing, marketing, fundraising, analytics and customer relationship management (CRM). It has been recognized as one of the UK's fastest growing technology companies by the Sunday Times TechTrack 100 and since Foresight's original investment in December 2018, Spektrix has continued to grow its customer base at a rate of 20% per annum.

Although it has been an extraordinarily difficult time for the arts industry, with few events taking place and ticket sales being -

Hang on! Is that you, Voice? 'No.' Oh, silly me! I didn't do the italics. Christ. Let's do it again ...

Although it has been an extraordinarily difficult time for the arts industry, with few events taking place and ticket sales being extremely suppressed, Spektrix has continued to win new customers in the UK such as the Royal Exchange in Manchester, and in the US and Canada, where the Company just had a record year of new customer wins.

Right. That's fine. But the question is ... Where's my £2 million? 'You're not getting £2 million, and you don't need it. Just finish your demo, idiot!' Oi! Watch it! ... Cretin!

Right. Blah blah blah ...

Let's go to the voices!

Commenting on the investment, Michael Nabarro, CEO of Spektrix, says: "We're delighted to continue our strategic partnership with Foresight. It has been a challenging year as a SaaS business serving the performing arts, but Foresight has been behind us the whole way and this follow-on investment is testament to that. It will allow us to grow again sooner than we otherwise would have been able to and allows us to be even more optimistic about what the post-The Thing future holds."

Thanks, Mickey!

Can you top that, Matt?

Come on, son!

'He's nervous.'

No he's not.

Come on, Matt!

Matthew Evans-Young, Senior Investment Manager at Foresight, adds: "The last year has been extremely challenging for everyone, particularly in the performing arts. The Spektrix team has continued to impress us with the way they have responded to the challenge. The level of support which Spektrix provides to its customers and the wider industry is evidenced by its retention and new wins during this period, and we're excited to continue our support as Spektrix becomes the platform of choice in North America, as it did in the UK a number of years ago."

Okay.

What do you think, Voice?

'Matt, definitely.'

Yeah, I agree.

THE BATTLE OF THE VOICES!!!

I love it! Tune in again tomorrow, kooks, or maybe next week. I don't know.

ENDS

...

Anything else?

Er ... no, actually.

'Give them something personal.'

Like what?

'Tell them about your lunch.'

I'm having a cheese sandwich.

ENDS