Birmingham’s Heligan invests in software group

Birmingham-based Heligan Investments, part of the Heligan Group, has acquired a minority shareholding in Interrupt Labs.

Interrupt Labs is an international vulnerability research company which identifies vulnerabilities in software and hardware. Headquartered in the UK, Interrupt Labs operates in the USA and has identified new international markets for expansion.

Heligan supported the management buy-out of the business from a listed international software group. Heligan’s focus is to provide support to the expansion of its services and support access to new international markets, both organically and through a targeted buy-and-build strategy.

Dr Tim Grasby, managing partner of Heligan Investments, said: “Just a few weeks after the launch of our maiden fund, we’re delighted to complete this second investment. As an independent business following the transaction, Interrupt Labs has been able to unlock considerable growth opportunities within the UK and internationally. The management team at Interrupt Labs have been exceptional and we’re excited by the prospect of helping them deliver the opportunities available to the business.”

James Loureiro, CEO, Interrupt Labs, said: “Heligan has been exceptionally supportive in our management buy-out and provided us with the opportunity to develop world-class services to support our customers in achieving their ambitious objectives. We believe in delivering outstanding customer-centric results which aligns with Heligan’s values and are looking forward to our partnership together.”

Simon Heath, investment director at Interrupt Labs and partner at Heligan Group, added: “James and the team have a fantastic opportunity to become the leading international VR company with huge market potential. The ambition and motivation of the management team combined with provision of highly technical services were the primary reasons why Interrupt Labs is so attractive to Heligan.”