Bob Jones, who sold his company Sonix three years ago and is now a partner at Schroder Ventures, is taking a personal stake in a software company.
Chevin Software Engineering, based in Yorkshire, will find itself with Jones as the chairman of the company after an equity investment.
Said Jones: "Chevin is a British company with a world beating technology that will now have the resource to take its products to a wider market."
Said Chevin's founder, Phil Snell: "Bob's backing for Chevin both in financial terms and in his personal involvement, represents a golden opportunity to take our products to the whole market."
Last week, Schroders bought Timeplex from Ascom, as reported here exclusively.
Terms of Jones' investment were not disclosed.
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