ICON has advised on a further round of investment for SaaS software provider, Element8.
Element8 has developed a unique Enterprise Transformation software platform called xpoint™, which provides a rich, flexible Web 2.0 environment enabling businesses to implement and manage transformation projects in a structured and collaborative manner.
xpoint™ has been developed on Microsoft’s SharePoint® platform, which enables corporations to plan and manage all types of change or transformation initiatives, including Innovation, Six Sigma, Cost Reduction, Continuous Improvement. Each type of change process has its own Lifecycle with supporting tools. Microsoft has described xpoint™ as “a lighthouse exemplar of a SharePoint® business application.”
Element8 has offices in the UK, Bangalore and Boston.
“ICON’s track record and reputation opened many doors to potential sources of funds that would have been unavailable to an early stage business like ours. They offered sound, insightful and timely advice throughout the whole process, allowing us to successfully raise the equity required in a difficult market environment.”
Ken Gibbs, CFO, Element8