Quadstone Limited, Boston, has unveiled the details of a $10 million investment package from a consortium being headed by international venture capital investors 3i plc. Included in the consortium are British Linen Equity, Aberdeen Asset Managers and Scottish Development Finance.
The capital they are investing will be used for ordinary share capital. The new investment will see staff levels grow by more than 100 percent within the next two years. The package will also call for Quadstone to more than double its marketing activities. According to Quadstone, it currently claims more than 6 percent of global market share and delivers marketing decision support to a number of Europe's largest corporations, including Barclays Bank, J. Sanisbury's, Telecom Service Centeres, C&A and Liverpool Victoria Group.