Leading software provider Unity5 is taking its ambitious growth plans to the next level with an investment from growth investor Synova.
Synova works across a handful of core technology sectors in which they have deep investment and operational expertise and focuses on using its expertise to help its partners to outperform and hit their ambitious targets by enhancing their capabilities. Since Synova has no prior investments in the parking sector, Unity5 is able to retain its truly independent position, providing an equal level of service and support to all clients.
“Their support will allow us to invest more into our technology platform, while at the same time providing invaluable assistance in developing new features”
Synova’s investment is happening alongside Unity5’s co-founders Dave Herbert and Lukasz Kieruczenko, who will continue to hold a material stake in the company. Unity5 delivers SaaS solutions through its ZatPark, ZatPermit and ZatEnviro solutions which provide a complete turnkey solution for both public bodies and private companies which need to effectively monitor and manage parking, traffic and mobility services as well as environmental regulations.
The demand for an efficient software proposition in this market has increased significantly in recent years due to the increasing automation and digitisation of the sector, as well as an enhanced regulatory regime for operators which is driving increased complexity. Unity5 provides the world’s most advanced SaaS solution to this market, and as a result has experienced rapid growth over the last 3 years.
In addition to focussing on organic growth, Synova’s investment in Unity5 will provide capital for targeted technology M&A to expand the company’s product set and reach, as well as support international expansion after recent wins in Europe and APAC.
Commenting on the transaction, Dave Herbert, CEO, says “We’re looking forward to the next step on our growth journey with Synova and their team. Their support will allow us to invest more into our technology platform, while at the same time providing invaluable assistance in developing new features as well as larger customer support and development teams to build on the fantastic progress that we have made since Lukasz and I founded the Company more than 12 years ago.”
Alex Bowden, Partner at Synova, adds, “We are very excited to be partnering with Dave and Lukasz to facilitate Unity5’s growth plans. It is a business that has performed strongly over the last few years driven by the increasing complexity of its underlying markets. That alongside the strength of its SaaS proposition, allows Unity5 to consistently deliver exceptional quality and service to its expanding client base. We look forward to supporting Dave, Lukasz and the wider team at Unity5 as it continues to accelerate its growth over the coming years.”
