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RIG helps its client to secure £1m funding 07/04/08

RIG has helped Glide Technologies to secure a major funding round by introducing Alcuin Capital Partners. Glide Technologies is one of RIG's longest-running clients, having started the engagement in 2005 at a point when it had fewer than 10 customers.

Glide Technologies is now the leading UK provider of integrated press office software for international blue-chip organisations, having had a succession of new business wins including the likes of Paypal Europe, Halfords, eBay UK, Sony Europe, Northern Rail, RBS Insurance, WaterAid and Britannia. Thanks to its growing international success as a leading provider in press office software, Glide has secured a significant investment of £1 million from private equity and venture capital financier, Alcuin Capital Partners.

The investment will be used to support the company's continued rapid growth (over 50% in 2007), enabling it to invest in new product innovation, an expanded management team and increased sales and marketing.

Founder and Managing Director, Sam Phillips:

"We are thrilled to have an investor of the calibre of Alcuin behind us. Since we launched Glide Technologies in 2003, we've grown organically every year to become the UK's leading provider of quality integrated press office software. With Alcuin's backing we can now take our business to the next level, enabling us to realise our vision in new areas and to broaden the availability of Glide both in the UK and overseas."

Mark Storey of Alcuin:

"Alcuin's philosophy is to invest in growing, profitable smaller-middle market companies whom we can nurture to help them achieve their ambitions. We look for companies who have a genuinely unique offering and have excellent capacity for growth. Glide Technologies fits the bill in every respect and we welcome the opportunity to work with Sam and his team to take their business to the next level."

About Glide:

Glide Technologies is the leading UK provider of integrated press office software for international blue-chip organisations. Glide is an online platform that empowers press officers to work smarter and improve the efficiency and productivity of the press office function, while also raising the bar in the quality of information delivery to the media. Glide Technologies has clients in the USA, France, Germany, Spain, South Africa and Australia. For more information, please visit www.glidetechnologies.com.

About Alcuin:

Alcuin Capital Partners LLP: founded by Mark Storey and Ian Henderson-Londono, Alcuin is an experienced equity and mezzanine investor with a 20 year track-record of backing successful growth companies in the UK. Alcuin manages several limited partnership funds backed by a number of major institutional investors. Companies in which Alcuin has invested in the past include: Caffé Nero, Games Workshop, Eveden and Adapt. For more information, please visit www.alcuincapital.com.

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