Metaforic, a Glasgow, Scotland, UK-based software company that develops products to combat piracy and hacker attacks, has raised £5m (approximately $8m) in equity funding.
The round was led by Scottish Equity Partners, with participation from existing investors Pentech Ventures and the Scottish Investment Bank’s Scottish Venture Fund.
The company intends to use the funds to expand its international sales and marketing activity.
Founded in Glasgow by Andrew McLennan, Neil Stewart, and Linda Mackellar, and led by CEO Dan Stickel, Metaforic develops and markets security and IP protection products based on new anti-tamper technology, protecting and hardening software applications in a variety of markets on a wide range of platforms.
The company has a worldwide presence, with sales, engineering, and support operations in Glasgow, a sales, support, and marketing base in San Jose, California, and a sales and support presence in Tokyo, Japan.
Its customer base include international video game manufacturers and enterprise software businesses.
FinSMEs
18/04/2011