Oxford, UK and Boston, US -- 25 May, 2017. Digital preservation specialist Preservica has been announced as one of 12 leading scale-ups, from over 700 applicants, selected to participate in PwC and SwiftScale's growth programme for Spring ‘17. Over a period of 90 days, the 12 enterprise ready start-ups with proven technology are connected to decision makers from the world's largest brands and enterprises.
PwC and SwiftScale believe that the juncture between start-up and scale-up is a particularly crucial point of a company's growth cycle, and have partnered to deliver unique scale-up support that facilitates corporate-start-up collaboration.
Preservica CEO, Mike Quinn, commented; "Preservica is delighted to be selected by PwC and SwiftScale to participate in this exciting programme. We have seen significant growth in our global client base as corporations recognise the value of using our technology to protect critical long-term digital information. Working with PwC and SwiftScale will provide us with invaluable mentoring, support and networking opportunities as we continue to scale the business, innovate, and forge new partnerships. It is further endorsement of our commercial and product vision that comes off the back of our recent £3m growth funding by Mobeus Equity Partners."
Nigel Howlett, UK Digital Private Business Leader at PwC, said: "Helping growth businesses scale-up is mutually beneficial to small and big businesses. Engaging with established scale-ups offers corporates a chance to engage at the optimal moment - there is already a tangible product for them to invest in and cutting-edge technology to explore. Meanwhile the scale-ups will benefit from big businesses' experience and connections, to hone their offering and ultimately, source customers and investment.
At PwC we believe interacting with start-ups and scale-ups is at the heart of successful innovation. Our work with SwiftScale shows we practice what we preach. Combining our respective experiences and extensive client networks to create this programme."
Alex Sainty, Director & Co-founder of SwiftScale, commented: "The SwiftScale agenda is simple, to take great scale-ups stratospheric. Our partnership with PwC is the foundation on which we have built this programme; not only is it an incredible opportunity for the participants, it is also a direct affirmation of the power of effective start-up-corporate collaboration.
"Looking at the quality of the Spring '17 cohort, it is clear they all have the potential to achieve market leadership at a global scale. The team and I are delighted to continue working alongside PwC as we support the scale-ups achieve this outcome."
The programme places a strong focus on businesses that are improving efficiency, removing complexity and promoting security. Successful candidates were deemed to have a validated product, several enterprise clients, and to have received, or were in the process of raising significant capital in order to focus on growth and scale.
The list of finalists in the PwC and SwiftScale's Spring '17 London Programme can be viewed here: https://medium.com/@swiftscaleco/rules-of-scale-up-engagement-af17ffa33f7a
SwiftScale is the next step in corporate-startup collaboration. Through fixed-term, cohort based programmes, we take startups that are ready for market and introduce them to corporates that are ready for business.
At PwC, our purpose is to build trust in society and solve important problems. We're a network of firms in 157 countries with more than 223,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.