Leading financial and investment expert John Townsend joins Clicksco Group in a transaction valuing the Group at over $60m Wednesday 4 February 2015 PDF Print Global financial and technology expertise ensures Chord Capital CEO steps into non-executive director role The CEO of leading technology venture investment company, Chord Capital, has purchased a stake in the Clicksco Group, a global high-growth digital media business, in a transaction valuing the Group at over $60m. John Townsend, who has earned an impressive reputation in the UK’s finance and investment sector over the past 40 years, will be joining the organisation’s board as a non-executive director. Established in 2009, Dubai-headquartered Clicksco Group employs over 200 people from operations in 14 countries. This includes UK offices in London, Southend and Teesside. Townsend has nurtured a solid relationship with Clicksco, following its acquisition of data company IDM in 2012, in which Chord Capital was a shareholder. Joining as the company’s first non-employee shareholder, Townsend’s expert knowledge of the global financial industry and the inner workings of the sector made him the ideal choice for Clicksco. The Group, which has enjoyed year-on-year growth of 73% for the past three years, will be drawing on Townsend’s expertise to further accelerate their ambitious plans. Following the IDM acquisition, big data has become a core component of the Group’s business. Today it is globally renowned for its customer lead generation, web search, comparison shopping and affiliate marketing services, working alongside partners including Google, Yahoo and Amazon. As an investor, it also supports high-growth technology start-ups through a number of funds including Clicksco Labs and TwentyThreeMiles Fund. Just last year, Clicksco Labs developed and released the world’s first emoji-only social network, Emojicate. Its introduction prompted almost 10,000 downloads and placed it as one of Denmark’s top ranked apps within days. John Rowe, chairman and CEO of The Clicksco Group, has extensive experience in the finance, supply chain and retail markets, including five years spent as a director for Sainsbury’s. He explains: “The Clicksco Group is maturing and we felt now was an appropriate time to introduce a new board member into the business who was like-minded yet could give an honest and unbiased perspective on the company’s direction and aspirations. “Whilst the Group has enjoyed phenomenal growth over the past three years we are still a relatively young organisation and in this fast-changing technology industry, bringing in a financial heavyweight of John’s calibre will set us in good stead when making future investment choices for our funds, services and the Group as a whole.” Commenting on the appointment, Townsend said: “Clicksco has become extremely powerful in the area of mining, understanding and manipulating big data and as such the brand’s reach across geographical and sector-specific audiences is rapidly growing. I feel I am joining the organisation at a perfect time to help substantiate the Group’s positioning in the finance sector too.” Ends Issued on behalf of the Clicksco Group by The Tonic Communications. For more information, contact Georgina Dunkley on +447557055723, email: email@example.com Notes to editors: Established in 2009, Clicksco Group is a multi-million dollar adtech company, which has enjoyed year-on-year growth since that time. Headquartered from Dubai’s Media City, the organisation employs over 200 people from operations in 14 companies, including UK offices in London, Southend and Teesside. A leader in the mining and manipulation of big data in the retail, finance and travel sectors, Clicksco Group is internationally renowned for its customer lead generation, web search, comparison shopping and affiliate marketing services, working alongside partners including Google, Yahoo and Amazon. As an investor, it also supports high-growth technology start-ups through a number of funds including Clicksco Labs and TwentyThreeMiles Fund. For further information about Clicksco Group visit http://clicksco.com/ This press release was distributed by ResponseSource Press Release Wire on behalf of The Tonic Communications in the following categories: Consumer Technology, Business & Finance, Media & Marketing, for more information visit http://pressreleasewire.responsesource.com/about.