Raspberry Software/Penalty Services Join Forces with Arcadea Group to Spearhead Innovation and Growth
May 21 2024 - 2:00AM
Business Wire
Raspberry Software, frontrunner in the UK rail software &
services industry, proudly announces a majority recapitalization
with Arcadea Group, a long-hold, growth-oriented investor in global
software companies. This partnership marks a pivotal step in
Raspberry Software’s journey to enhance product innovation and
accelerate growth while providing the business a permanent and
stable home for the long-term.
Raspberry, which provides Revenue Protection Software as well as
Penalty Fare Appeals Services, will see its founders and leaders,
Andy Jeff, Peter Jarvis, and Simon Hopper – along with the entire
Raspberry team – remain in their leadership positions. In their
roles, they will continue to guide the company’s preeminent product
and services offerings in support of their customers.
Peter Jarvis shared his enthusiasm: “When we started Raspberry,
we never imagined the impact we’d have on our valued customers, let
alone our teams and the industry as a whole. This partnership with
Arcadea is a strategic move to scale our operations and secure
long-term stability. Arcadea’s commitment to long-term growth,
combined with their proven track record in empowering software
companies, makes them the ideal partner for our next phase of
expansion.”
Paul Yancich, Managing Director and Co-founder of Arcadea,
commented, “Andy, Peter, and Simon have built a tremendous
business, one that expertly solves the problems for its customers,
through industry leading technology, services, and support. The
rail industry is unique in many ways, and Raspberry’s commitment to
providing the solutions and services its customers want have served
them incredibly well. We intend to honor that customer centricity
and the Company’s customers can take comfort knowing the business
has found a forever home.”
Daniel Eisen, Managing Director and Co-founder of Arcadea,
added, “Andy, Simon, and Peter have built an exceptionally
efficient and successful business via their focus on customers and
responsible growth. We are thrilled to partner with the team and
look forward to nurturing its success in the decades to come.”
About Raspberry
Raspberry is the UK rail-market leader in both revenue
protection software and mobile solutions as well as Penalty Fare
Appeals services. Their mission-critical solutions and services
increase efficiency and boost profitability, providing customers
with a reliable and effective solution that they can depend on.
About Arcadea Group
Arcadea Group invests in high-quality, strongly growing software
companies over extremely long durations. Based in Toronto and
investing globally, Arcadea leverages its significant permanent
capital base to focus exclusively on businesses with long-term
potential and ambitions.
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version on businesswire.com: https://www.businesswire.com/news/home/20240520453526/en/
Peter Jarvis Director, Raspberry
Peter.jarvis@raspberrysoftware.com
Paul Yancich Managing Director, Arcadea Group
yancich@arcadeagroup.com