Investor exits Worcester tech solutions firm

Warwick-based Prova Investments has announced the divestment of its shareholding in Caption Data, an industrial tech solutions firm.

This is the first exit by Prova Investments, which is an arm of Prova PR.

Caption Data, which provides end-to-end industrial IoT solutions for sectors including construction, utilities, social housing, energy, water damage and the built environment was purchased by property damage control experts Polygon Group.

Based in Worcester, Caption Data has products operational in 15 countries worldwide, with clients ranging from SMEs to major corporate blue chips, with services provided to organisations including the Houses of Parliament.

By turning raw data into valuable data, presented back as graphics, algorithms, alerts, audit trails, dashboards or management reports, clients benefit from online, real-time intelligence from any internet-enabled browser.

Having invested in the company at seed stage, Prova has supported Caption Data’s continued growth for almost a decade. Exiting the business to Polygon will help to support further global expansion and continued product development.

“We’re extremely proud of the thriving portfolio we’ve established over the past decade,” explained Richard Postins, founder of Prova Investments. “A vibrant mix of companies operating across cleantech, envirotec and the circular economy, our investees are pushing boundaries and pioneering the innovation of tomorrow.

“We’re pleased to have supported the continued growth of Caption Data. Polygon will be an ambitious new owner, with the global reach and resources to further accelerate international expansion”.