Top European Internet consultancy
NVision
has raised an additional $11 million in a second
round of funding.
The latest investment was led by Warburg
Pincus and supported by Schroder Ventures. Warburg
Pincus now has a global portfolio of 16 Internet businesses.
Bracknell-based NVision says it will use the investment
to acquire new offices in London and add a further 160 staff by
the end of next year. It also plans to establish a European
Innovation Centre focusing on new developments such as
mobile telephony, WAP (wireless application protocol) and
interactive television.
“Our investors agree with us that the real money in the
Internet gold rush will be made by providing the
infrastructure for the emerging Internet-based economy,”
said Michael Walton, CEO of NVision.
“As interactive architects, we are singularly able to do two
things: move established, bricks and mortar companies onto
the Internet; and help web businesses to set-up and mature,
rather than burn out in adolescence.”
Michael Walton spoke of NVision’s exponential growth
since it was founded just 18 months ago. He predicted
continued growth, culminating in a flotation as “a solid
and profitable company” in 18 months’ time.
Among NVision’s clients are EW Blanch, IPC, Waterstone’s,
Granada Media, Thomas Cook, IPC Magazines, BNB, Fine Art
Developments and confetti.com.