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Totalmobile Secures Investment from Bowmark Capital

Totalmobile Secures Investment from Bowmark Capital
16 December 2020
 

Field Service Management provider Totalmobile has announced a major investment from Bowmark Capital LLP to accelerate its investment in R&D, organic growth and further acquisitions.

Following five years in partnership with Horizon Capital, the new capital will allow Totalmobile to continue its aim to establish itself as the UK market leaders in Field Service Management (FSM).

The business recently reported a growth of 70 per cent in FY2019 and has continued to perform strongly during FY2020, forecasting £26m of revenues to December FY2020, despite the COVID-19 pandemic.

Totalmobile functions as a Software as a Services (SaaS) business model, and currently has w over 700 customers and 250,000 mobile-workforce users. Their technology is used to increase field-based, workforce capacity in a variety of sectors such as facilities management, public services and property.

 

Jim Darragh

Picture: a photograph of Jim Darragh

 

World-Leading Ambitions in Field Service Management 

 

Jim Darragh, CEO of Totalmobile commented on the news: “I am nothing more than proud and delighted to have led Totalmobile over the past four years and to see our great team of people build, deliver, expand, and evolve the business into the market-leader it is today.  

Four years ago we set out to become the leaders in our market, known for our incredible products, dedicated people and a clear strategy of growing both organically and via acquisitions.  We now sit as the undisputed, premium provider of Field Service Management software in the UK.  

“I would like to thank Horizon Capital for all the support that they have provided to help us reach this stage. Now we turn our attention towards what promises to be an exciting future as we grow Totalmobile into a world-leading organisation.”

Picture: a low angle photograph of some high rise buildings

Article written by Ella Tansley | Published 16 December 2020

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