Plan-b bags fresh investment
- 14 June, 2009 22:00
Business continuity company Plan-b has gained two new investors, including Gullivers Travel founder Andrew Bagnall.
Bagnall is also the majority shareholder of NZX-listed Life Pharmacy.
A further shareholding has been acquired by Bearing Trustees, the investment company of Plan-b employee Mark Hardie and Stuart Alexander. Bearing has interests in technology companies including Value Added Distributors, recently acquired by Ingram Micro.
Bagnall and Alexander will join Plan-b's board, while Hardie already has a senior role in Plan-B as general manager sales and marketing.
Plan-b founder Gray Mathias retains the majority shareholding and will continue as chairman.
“The new investment positions Plan-b to grow to the next level,” says Plan-b managing director Ian Forrester in a statement. The company, he says, plans to further expand its services offshore.