Mills & Reeve advises Foresight on multi-million-pound investment into Cambrionix

We've advised private equity and investment manager Foresight on its multi-million-pound investment in Cambrionix to fuel its global strategy of mass deployment of mobile devices.

Founded in 2007, Cambrionix develops hardware and software which enables organisations to deploy mobile devices at scale. The company provides industry-leading products, with a particular focus on the software quality assurance, education, healthcare and retail sectors.

The product range includes bespoke USB hubs which allow customers to launch and configure, charge, update and monitor large numbers of mobile devices at the same time.

Steve Leyland, a highly experienced director, with previous leadership roles at Intel, Polycom, Barco and Electrosonic, will join the Cambrionix board as executive chair. Gordon Campbell, whose recent experience includes Ubisense and PragmatIC Printing, will join as chief financial officer.

This is the seventh investment from the Foresight East of England Fund – a £100 million, evergreen fund supporting SMEs in the East of England and beyond.

Victoria Tyson, managing director of Cambrionix, said: “As an ambitious Cambridge-based technology company, we are delighted to have secured investment from the Foresight East of England Fund. We look forward to working with Foresight, Steve Leyland and Gordon Campbell as we continue our mission to support organisations in their deployment of mobile devices at scale.”

Matt McLoughlin, director at Foresight, added: “Cambrionix is a great example of the innovation and entrepreneurial spirit present in the East of England. The Company has developed globally renowned products for the growing mobile device management market, working with some of the world’s largest technology companies. We look forward to supporting the team through the next phase of growth.”

Craig Hodgson, partner at Mills & Reeve who led the team that advised Foresight on its investment, said: “We are pleased to advise Foresight on its latest investment which will provide Cambrionix with an excellent platform from which to scale up and develop its cutting-edge technology to further capitalise on the fast growing shared mobile device sector.”

The Mills & Reeve team included Christina O’Brien, Louise Brownsey, Catherine Turner, Sam Sutton, John Kahn, Camilla Highmoor, Bethany Webb, Eric France, Ben Bull, Catherine Noble, Simon Elsegood, David Siddall, Liam Watson, Tamsin Morris, Claire Gregory, Lucy Spinks and Sebastian Allen-Johnstone.

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