Invenio provides its services to organisations in the media, manufacturing, logistics and public sector.
The company has more than 750 employees working for customers worldwide. SAP, the world’s largest enterprise software vendor, named Invenio as one of its leading partners globally for tax and revenue management and the media industry. Invenio’s customers include Universal Music Group, Kuehne & Nagel, the BBC and the Fijian and Saudi tax authorities.
The investment from BGF will help the business scale by expanding its offering, improving services and growing through acquisition.
“We are delighted to have BGF on board for the next stage of our journey and are looking forward to making the most of the team’s expertise in this space”
Arun Bala, CEO of Invenio, said: “We are delighted to have BGF on board for the next stage of our journey and are looking forward to making the most of the team’s expertise in this space. BGF’s investment will help us continue to invest and grow, whilst keeping control of our business and staying true to our values.”
Alex Snodgrass, an investor at BGF who will join the board of Invenio, said: “Invenio is a fantastic, fast-growing business which has created a marketleading position and a loyal and constant customer base.
“Arun and the team have exceptional knowledge and we’re delighted to be a part of this exciting next step for Invenio as it grows to meet demand.”