Magic Memories builds capacity for global success

Magic Memories builds capacity for global success

[Auckland, NZ; 26 March 2015] Company to focus on market development, operations growth and further developing products and experiences.

Magic Memories is delighted to report resounding support from both existing and new shareholders in its recent capital-raising for the company’s global expansion strategy.

The Milford Active Growth Fund is the largest of the new investors in this capital raise, which also included strong support from the Gillespie Family Investment Trust.

"This is a clear endorsement of both our execution to date, and the belief in our strategic plans for growth both locally and around the world," Magic Memories co-founder and CEO John Wikstrom says.

"Culture is a critical part of our business – from every interaction with a guest, with our partners, our staff, and into our shareholder relations. We are pleased to have the Milford Active Growth Fund and the Gillespie Family Investment Trust as new members of our shareholding family."

Milford Asset Management’s Senior Analyst Brooke Bone says: "Magic Memories has shown strong execution capability as it has grown into a global business. The business has also embarked on a process of improving its governance, management and technical capability of the organisation to support its ambitious growth plans. The Milford Active Growth Fund is pleased to provide capital to enable the business to execute on the growth strategies in place.”

Magic Memories has recently purchased the cloud platform MeTag and its key people from Sydney based Centryc Solutions, to ramp up innovation capability across products and experiences, and is currently hiring to expand its global executive team.

ENDS

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