Livingbridge, one of the UK’s leading mid-market private equity investors, is pleased to announce its investment in RealVNC, a leading vendor of remote access and remote support software.
Livingbridge announces investment in RealVNC
Founded in Cambridge in 2002, by the original inventors of VNC remote access technology, and now led by CEO Adam Greenwood-Byrne, RealVNC is a highly-rated vendor in the large and fast-growing market for remote access and remote support solutions, with customers in 160 countries.
Innovator and entrepreneur Dr Andy Harter, co-founder of RealVNC, is Chair of the Cambridge Network.
RealVNC’s lead product, VNC Connect, allows users to connect securely to a remote device anywhere in the world, see its screen in real-time, and take control as though sitting in front of it. The product has been deployed across a myriad of use cases, from basic remote access and remote support, through to deploying the software onto connected devices such as medical ventilators, set-top boxes, heavy industrial machinery and more.
Livingbridge’s investment will help support RealVNC through the next phase of its growth, investing in all areas of the business to take full advantage of the significant market opportunities available to it.
Livingbridge will also support RealVNC in onboarding its new chairman, David Parry-Jones. David has extensive experience in the software industry, and has spent over 20 years in senior roles at VMware, Microsoft and most recently Twilio, where he is currently Senior Vice President and GM EMEA.
Simon Peet at Livingbridge, said: “We are delighted to be partnering with Adam and team on the next stage of RealVNC’s journey. The business has built a reputation for excellence and innovation in a truly exciting market. We have real ambition for the potential of the company and we look forward to supporting the team with our experiences of scaling software businesses internationally.”
Adam Greenwood-Byrne, CEO at RealVNC, commented: “We are excited to enter the next chapter of our growth journey with Livingbridge, a partner with a deep understanding of our industry and a strong track record in successfully growing SaaS businesses. The whole team is thrilled to be in a position to accelerate our ambitious growth plans, with Livingbridge’s wealth of operating expertise and experience to guide us.”
David Parry-Jones, Chairman at RealVNC commented: “I’m delighted to be joining RealVNC at this exciting stage in its development. The founders and current management team have done an excellent job in creating a business with a reputation for being a pioneer in its industry and I look forward to working with them”.
The investment, made through the Livingbridge 7 £1.25bn, 2021 vintage fund, builds on Livingbridge’s strong heritage in software businesses, having previously invested in Exclaimer, Mobysoft, TitanHQ and most recently Semafone.
RealVNC was founded in 2002 by the original developers of VNC to promote, enhance and commercialize VNC.