Posted on 16 March 2015
Restoration Partners, the boutique technology merchant bank, is pleased to announce that one of the world’s most successful technology entrepreneurs, Mel Morris, has made a significant investment in Restoration Partners and joined the firm’s Advisory Board with immediate effect.
Mel Morris, the former Chairman of King.com, the leading interactive mobile entertainment company, is a serial entrepreneur with over 30 years of experience in consumer and B2B software businesses. Mel founded and served as Chief Executive Officer of Prevx Ltd, a developer of cloud-based Internet security solutions until it was acquired by Webroot, Inc. Before that, he was Chief Executive Officer of uDate.com Inc (acquired by USA Interactive Inc), and Chief Executive Officer of Prometrics Ltd (acquired by Platinum Technology Inc). He has also invested in and served on the board of directors of Interregnum Plc. He is also a Director of Derby County Football Club.
Ken Olisa, OBE, Chairman of Restoration Partners, commented: “Harnessing the right strategy advice and investment increases entrepreneurs’ chances of success – and it’s never too early to start. In the UK, finding the needle of great counsel and capital in the haystack of a highly fragmented professional advisory market, often proves too difficult; especially for time-poor entrepreneurs. As tech specialists, Restoration Partners solves this with our combination of creativity, contacts and capital. Mel’s endorsement of our model and the future wealth creating potential of the IT sector is tremendously welcome. We have a number of game changing initiatives in the hopper and I am looking forward to working with Mel to develop them.”
Mel Morris added: “I have known and worked with Ken and Restoration Partners over many years and I am looking forward to working with him to take advantage of the next wave of growth in the IT market. As a tech entrepreneur, I have personally validated and benefitted from the methodologies and access to capital that Restoration Partners provides. I am therefore delighted to join in their journey to build a world-leading technology merchant bank designed for and by tech entrepreneurs.”
David Nelson, Advisory Partner at Smith Cooper project managed the investment on behalf of Mel Morris and Andrew Borkowski of Geldards LLP provided legal support.