Retail software supplier Attraqt Group (LON:ATQT) has bolstered its board with the appointment of one of its major shareholders.
Nick Habgood, managing partner of UK-based private equity firm Azini Capital Partners, has joined the board as a non-executive director.
Dan Wagner, chairman of Attraqt, said: “We are very fortunate to have gained the experience, skill and, ultimately, financial commitment of Nick Habgood from Azini Capital and welcome him to the board of Attraqt.”
Following the completion of the proposed placing, announced last month, Azini 3, a fund managed by Azini Capital, will own 8.6mln shares, or 32.1% of Attraqt.
“Attraqt is a fantastic platform for e-retailers and Azini's investment together with the other new institutions (Hargreave Hale, Killik & Co. and Mole Valley Asset Management) means that the business is poised for further impressive growth.”
Last week the firm announced the first deal for its technology that enables retailers to put their web sites and catalogues into a mobile app.
Attraqt and its partner Yudu Media signed an agreement for their Live Catalog app technology with Screwfix Germany, owned by retail group Kingfisher (LON:KGF).