Livingston-based Bloxx, the provider of real-time Internet and email filtering solutions, has been sold by its shareholders – including Archangel Investors and Scottish Investment Bank – to US-based Akamai Technologies, Inc.
Bloxx was established in 1999 and has grown to become one of the world’s leading providers of web and email filtering for medium sized and large organisations in education, business and the public sectors, helping to protect 800 million devices across the globe. The company employs 55 people at its offices in Livingston and Newton, Massachusetts. Its acquisition, for an undisclosed consideration, is expected to complement Akamai’s enterprise security strategy for protecting enterprises and their employees from Internet threats.
Akamai is the global leader in Content Delivery Network services designed to make the Internet fast, reliable and secure for its customers. The company’s advanced web performance, mobile performance, cloud security and media delivery solutions are revolutionising how businesses optimise consumer, enterprise and entertainment experiences for any device, anywhere.
Niki McKenzie, Investment Executive at Archangels, said:
“We are proud that Archangels has been able to support Bloxx from an early stage to become the significant player that it is today, helping to protect email and Internet users across the globe. We are confident that the business will thrive as part of Akamai, whose world-leading credentials in content delivery are second to none.”
Kerry Sharp, Head of the Scottish Investment Bank, said:
“Since 2003, Scottish Enterprise has worked closely with Bloxx to provide an integrated package of support and investment to help the company realise its growth potential, both in the UK and internationally. We look forward to Bloxx continuing to flourish as part of the Akamai organisation post acquisition.”
2nd November, 2015
Callum Spreng Tel: 0141 548 5191
Spreng & Co Mob: 07803 970103
Archangels is a prominent business angel syndicate, which has been at the forefront of early stage investing in Scotland for more than two decades. Its members invest in, and mentor, promising start-up and early stage companies from Scotland’s vibrant technology and life sciences sectors. Originally formed in 1992 and based in Edinburgh, the syndicate now comprises over 70 investor members and leads investment of around £10m per year in early stage Scottish companies, including leverage from partners, the largest being the Scottish Investment Bank. www.archangelsonline.com
Archangels is interested in Scottish technology companies, which are looking for initial funding of £50,000 to £2m. In addition, Archangels is keen to welcome new investors to its syndicate.
About Scottish Investment Bank
Scottish Investment Bank (SIB) is the investment arm of Scotland’s main economic development agency, Scottish Enterprise, operating Scotland-wide in partnership with Highlands and Islands Enterprise. It manages a suite of co- investment funds including the Scottish Co-investment Fund and the Scottish Venture Fund, which are partly funded by the European Regional Development Fund (ERDF), the Renewable Energy Investment Fund and the Scottish Recycling Fund. SIB is the cornerstone investor in the privately-managed Scottish Loan Fund, managed by Maven Capital Partners and an investor in Epidarex Capital’s life sciences fund. Our investment funds support Scotland’s SME funding market to ensure businesses with growth and export potential have adequate access to growth capital. We also provide a team of Financial Readiness specialists to help companies prepare for new investment and access appropriate finance.