Drake Star Partners Advises Leftshift On Its Growth Capital Raise By Riverside

LONDON | December 12, 2017 – LeftShift announces today that it raised an initial growth capital investment from Riverside. Headquartered in London, LeftShift is an expert in IT delivery automation solutions, working with organisations such as Barclays, Etihad and Coke. Drake Star Partners acted as the exclusive financial adviser to LeftShift in this transaction.

Founded in 2013, LeftShift are continuous delivery experts focusing on automation, testing and data management. This strategic growth capital investment from Riverside will allow LeftShift to further scale its Orson software for Test Data Management globally.

Mark Smith, LeftShift’s Co-CEO, commented: “We are delighted to win the backing of Riverside who have really impressed with their understanding of our market. This enables us to deliver synthesized ‘Data for DevOps’, eliminate the risk in ‘risk based testing’, and shorten time to market for many more large organisations.”

Jonathan Drillings from Riverside added: “The LeftShift team has decades of experience in IT delivery automation, which they have leveraged to build the Orson platform.  We’re thrilled to partner with them, to help further adoption of this innovative solution, which enables the world’s largest companies deliver better software, for reduced cost and with less risk.”

Kasper Kruse Petersen from Drake Star Partners, commented: “We are delighted to have had the opportunity to bring together LeftShift and Riverside, and to enable LeftShift to further scale its unique Orson product in key markets”

Drake Star Partners team: Kasper Kruse Petersen, James Turino

ABOUT LEFTSHIFT

LeftShift is uniquely automating IT delivery with a 100% success rate working for organisations such as Discover Financial Services, LabCorp, and Fannie Mae to deliver committed efficiencies, to the highest quality, in the most complex of landscapes. The Company provides industry best practices to produce a tailored solution roadmap to consistently achieve fast, safe and sustainable IT change. Using their unique and proven framework, methodology and market-leading technology LeftShift has helped over 100 global organisations execute that roadmap to successfully deliver demonstrable ROI within months. This leaves behind a repeatable and sustainable capability that leaves customers independent and self-sufficient. LeftShift has experience and expertise in ensuring organisations hit their most critical deadlines in complex landscapes, every time; keeping you truly open and proactive to change, and ultimately competitive.

For more information, please visit www.leftshift.com

ABOUT RIVERSIDE ACCELERATION CAPITAL

Riverside Acceleration Capital (RAC) provides flexible growth capital to expansion-stage B2B software and technology companies, though an investment structure that maximizes alignment while minimizing dilution. RAC is part of The Riverside Company, a global private equity firm with $6.2 billion in assets under management. Riverside makes control and non-control investments into growing businesses valued up to $400 million.

For more information, please visit www.riverside.ac

Inquiries

For further inquiries, please contact:

Kasper Kruse Petersen
Principal | Drake Star Partners UK
Kasper.Petersen@drakestar.com  | +44 20 7112 7777