Oxford Capital has led an investment of up to £1.9 million in Arkivum, a provider of large-scale digital archiving solutions. The investment was made alongside existing investors IP Group and Parkwalk Advisors. It will enable Arkivum to accelerate the commercial roll-out of its data archiving service, expand its customer base and increase marketing.
Arkivum specialises in the management and storage of organisations’ information assets. Its systems efficiently store and retrieve data over the long term with a 100% data integrity guarantee. Arkivum keeps multiple copies of its customers’ data in secure UK data centres and actively manages its integrity to ensure it remains in perfect condition. Its fast-growing list of customers and partners includes the Tate galleries and Janet, which manages data networks for universities and research organisations.
Kimberley Marvell Curry, Oxford Capital said: “The market for secure data storage is growing rapidly. Every day, the world creates 2.5 quintillion bytes of data. ‘Big-data’ companies in sectors including healthcare, financial services and media production and university research departments, create and store huge volumes of information. Many organisations have a regulatory requirement to retain data for twenty years or more – with more data being added every year.
“Arkivum is offering a complete archiving solution which combines the benefits of a ‘Software as a Service’ business model with the potential for ultra long-term customer relationships. Arkivum is also the only company in the market to offer an insurance-backed guarantee of data integrity. We believe it is well-positioned to generate recurring revenues in a high-growth market sector.”
Jim Cook, Chief Executive Officer, Arkivum said, “We’ve made significant progress in recent months, establishing a number of successful customer and partner relationships. We’re now poised to build on our successes by expanding our partner and channel base. We are very pleased to welcome Oxford Capital as an investor in our business. They have a great reputation and enviable track record in helping high tech businesses to achieve commercial success.”