SEP leads £5m financing round for Metaforic

Scottish Equity Partners (SEP) has led a £5m financing round for Metaforic, a company based in Glasgow and California, which has developed software that combats piracy and hacker attacks.

Metaforic sells its software to international video game manufacturers and enterprise software businesses, solving a major problem for these businesses who lose billions of pounds of revenue each year from piracy and hacker attacks on their products.

SEP’s Stuart Paterson said: ‘Loss of revenue from piracy in the games market alone is estimated at $10bn a year. There are also strong growth opportunities in enterprise and embedded software too, where we believe Metaforic’s solution is the best and simplest to implement.’