# Neverfail Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/neverfail-group

- Industry: Software
- Headquarters: Reading, UK
- Website: www.neverfailgroup.com
- Total disclosed funding: $16M
- Latest round: Series D (Jan 20, 2006)
- Investors on record: 2

## About

Neverfail Group specializes in business continuity and disaster recovery solutions, ensuring operational efficiency for enterprises during unexpected disruptions through managed services and cloud-based technologies.Neverfail Group provides business continuity and disaster recovery solutions. Founded by Brian Hierholzer, the company is headquartered in Reading, UK. In April 2015, Neverfail was acquired by Artisan Infrastructure for undisclosed terms. The company has raised a total of GBP 4.000 mn through a GROWTH round, with Clydesdale Bank as the investor. Their most recent deal occurred on April 28, 2015, and they have successfully closed 6 deals to date.Neverfail Group specializes in providing robust solutions for business continuity and disaster recovery, primarily through their flagship product offerings that include managed services and cloud-based solutions. Their core services aim to ensure that businesses maintain operational efficiency during unexpected disruptions by offering real-time data replication, backup, and recovery services. These solutions cater to various industries, including finance, healthcare, and e-commerce, where data integrity and uptime are critical. The company serves a diverse clientele ranging from small and medium enterprises to large corporations, focusing on markets in North America, Europe, and parts of Asia, thereby enabling clients to minimize downtime and enhance productivity.Neverfail Group generates revenue primarily through subscription-based models, providing services on a recurring basis to clients who require consistent access to their business continuity solutions. The company reported a revenue of GBP 12,351,984 for the most recent year of 2014, with an EBITDA of 0 for the same period. Their pricing structure is based on service tiers, reflecting the level of support and features desired by the client, allowing for flexibility in service delivery and catering to a wide range of enterprise sizes and requirements.Neverfail Group is focusing on developing new products to enhance their service offerings in the business continuity sector. Although specific launch dates are not mentioned, the company aims to leverage the recently raised GBP 4.000 mn from their GROWTH funding round to support these initiatives. They plan to expand into new markets, particularly in emerging regions of Asia, aiming for this expansion to take place within the next few years. Overall, the recent acquisition by Artisan Infrastructure is expected to provide additional resources and expertise to drive these growth strategies.

## Funding rounds

- Series D, Jan 20, 2006, $10M — Eight Roads Ventures
- Series B, Sep 15, 2004, $2M — Advent Venture Partners
- Series A, Feb 1, 2004, $4M — Advent Venture Partners

## Investors

- Advent Venture Partners (https://capitalatlas.ai/funds/advent-venture-partners) — Series A, Series B
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series D