Braveheart investment's RealStatus

Published on Tuesday 8 February 2011 20:58

Braveheart, the Perth-based investment manager, has arranged financing for software company Real-Status through its Envestors subsidiary.

It marks the third deal brokered by Envestors, which introduces early-stage companies to business angels, since the Scots group completed its acquisition in October.

Royce Murphy, chief executive of Cambridge-based Real-Status, addressed the Envestors Private Investor Club in November, and since then the business has raised 895,000 towards marketing its HyperGlance software.

Aimed at chief technology officers in charge of corporate or public sector IT networks, HyperGlance uses graphics and modelling techniques from the computer games industry to create real-time models of information and communication technology infrastructures.

Envestors managing director Oliver Woolley said Murphy's track record in software companies - he has already built up and sold two - gave the Private Investor Club's 750 members confidence in the venture.

Aim-listed Braveheart has seen its shares soar by 50 per cent this week after a spate of new investments. Yesterday they closed at 37.5p, up 26 per cent on the day.

Geoffrey Thomson, chief executive of Braveheart, said: "We've been very busy. We're making a lot of announcements because we've been doing a lot of deals.

"People can see that Envestors is working hard for us."