Founder seeks a buyer or major investor for ipatter

Wednesday, June 20, 2012
5:45 PM

The founder of a Norfolk-based social media platform for businesses has announced that the company is seeking a buyer or major partner to help develop the business after struggling to raise the funds it needs.

Andy Fisher, who set up ipatter in 2010, said while the platform has proved popular with local and national customers, current economic conditions have meant that it has not been possible to raise sufficient additional capital for the business to thrive independently.

He did not indicate how much investment the company was seeking, but believed that it could take the Norwich-based firm to the next level.

“We’ve done incredibly well to get this far on our own and what ipatter really needs now is a major investor to take it on and fully develop this great opportunity,” Mr Fisher said. “We have registered around 4000 mostly local businesses that have already made in excess of 300,000 business connections on our site and this continues to grow every day.’’

“The business has grown well since its formation with almost 4,000 businesses making in excess of 300,000 connections on the site.

“Key premium account holders include T Mobile, Devere Dunston Hall Hotel, Premier Inns and parts of Broadland District Council.

“Other key active customers include RSPCA, Wroxham Barns, Norfolk and Norwich University Hospital, Norfolk Chamber of Commerce, Active Norfolk and many more.

“With further significant investment and development the business has all the potential to be extremely successful in the longer term.”