The company, formed in 2013 and based in Swansea, aims to enhance the customer service of businesses via end-to-end screen sharing technology.
We are delighted to announce that we’ve secured £10m in funding from three of the world’s largest banks to drive innovation and fuel our global expansion. Read full story here > https://t.co/vqHRUFwCt4 pic.twitter.com/ro93KPhW9x
— Vizolution (@Vizolution) November 1, 2018
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They also have had offices open in Port Talbot, Toronto and Boston within the last year.
The funding that the firm has received will go towards company growth acceleration and product development, with investors Santander Consumer Finance, RBS and HSBC continuing to make use of the company’s capabilities as clients.
“Since our initial investment in October 2016, we have witnessed Vizolution’s rapid global expansion and continued development of its products,” said Gayle Lacey, COO of UK CMB at HSBC. “This reinvestment shows our continued support for the company and we are confident that with this additional funding Vizolution can continue to strengthen the solutions that they offer and in turn continue to improve our customers’ digital journeys across our product lines.”
Also included in the parties responsible for raising the funds include the Development Bank of Wales, as well as several family offices and private investors.
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Bill Safran, CEO of Vizolution, was keen to express his delight at the confirmation of Santander and RBS becoming stakeholders, joining already existing investors HSBC.
“This investment is a testament to the innovation and capability of our technology. Together, we will be able to create the very best possible solutions for our clients’ customers,” he said.
Talks between Vizolution and Santander, as well as between the company and RBS, in regards to investment began back in early October.