VirtualStock Holdings Limited

VirtualStock is a disruptive software company, with a game changing approach that challenges the costly and time-consuming process of traditional systems integration. Utilising agile, open source technology, VirtualStock has developed a unique way for information to flow between any set of fragmented systems, without disruption to any existing IT landscape. Data is seamlessly collated, enriched, mapped and validated, allowing only trusted, reliable information to be deployed. Virtualstcok’s solutions are a rapid, flexible and scalable alternative to traditional systems integrations. The “integration” market is worth c.US$300-500 billion per year.

Legendary invested in VirtualStock in October 2012, and has since that time been assisting it in building its business. Shortly after Legendary’s investment, in October 2012, VirtualStock achieved a significant milestone by implementing an “end-to-end turn-key solution” for the online branded product range of Bear Grylls.

In June 2013, VirtualStock signed a landmark contract with Tesco, one of the world’s largest retailers. The contract is for a SaaS solution that enables Tesco to increase significantly its online presence by expanding its non-stocked product range supplied by hundreds of its drop-ship suppliers. The VirtualStock solution forms a key component of the retailer’s online technology infrastructure, providing its suppliers with a tool which enables them to manage fully the selling of their products through Tesco’s website.

In light of Virtualstock’s growing client base and sales pipeline, in April 2014, VirtualStock raised growth funding at a valuation of £25m or in excess of 10x the valuation of £2m at which Legendary invested in VirtualStock some 18 months earlier.

In May 2014, VirtualStock was accepted on the UK Government’s G-Cloud Framework program, which provides public sector bodies with an innovative, cheaper and faster way to access and purchase government-approved IT products and services.

In July 2015, VirtualStock contracted with a leading NHS Teaching Hospital Trust, Guy’s and St Thomas’ Trust,   to deliver cost saving efficiencies within the Trust’s supply chain. This first step and entry into the NHS, underlines Virtualstock’s cross sector capability. It again demonstrated the ability of VirtualStock solutions to connect any set of fragmented systems, without disruption to any existing IT landscape.

Also in July 2015, VirtualStock announced that it had entered into a contract with Maplin Electronics Limited. Maplin Electronics is the UK’s leading electronics specialist with its website offering more than 30,000 products and it having 200 stores in the UK and Ireland.

As well as the above, in July 2015, VirtualStock, entered into a contract with Argos Limited. Argos is the UK’s leading digital retailer, offering more than 33,000 products through, its growing mobile channels, stores, over the telephone and uniquely, through Argos TV.

In October 2015, Nick Jenkins, founder of and angel investor,  purchased a small stake in VS at a valuation of £58m, more than double the valuation achieved in the April 2014 growth funding round and 29x the valuation at which Legendary initially invested. In May 2016, Beaufort released a research report suggesting a valuation of VirtualStock of £179m, almost 80x the valuation at which Legendary initially invested.

Since Legendary’s investment into VirtualStock, Legendary has assisted VirtualStock to have its solution become adopted by some of the largest private and public sector organisations. VirtualStock is well on its way to becoming an industry standard inventory, supply and logistics value chain and data management utility. Legendary continues to proactively assist VirtualStock.

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