SLI Receives Big Boost From Trade Me Founder: Morgan Invests Million
February 20, 2013
I read an interesting article this week about SLI Systems. It seems the full service search and navigation based company has generated some interest from a wealthy benefactor.
According to Business Day’s article “Morgan Invests in SLI Systems,” Trade-Me Founder Sam Morgan has invested $1 million in new equity in the provider. This is good for SLI because the equity can be used to inflate employee numbers and create growth within the company.
“Morgan said the potential for growth in global on-line sales made SLI Systems an exciting investment. “Online sales are such an important segment for all retailers now and SLI simply helps customers find things and buy them more easily.”
It’s that potential growth that has Morgan interested in the investment and he has been involved in a number of other business investments that promise to make small businesses run more smoothly. Most recently he’s invested in Xero, the online accounting software.
Morgan has been able to take Trade Me from a one man operation to the largest internet auction website in New Zealand but can his investment and influence take SLI to the next level? It remains to be seen, however, the money will serve to grow the number of employees and market reach simply because of the Morgan name.
Leslie Radcliff, February 20, 2013
Sponsored by ArnoldIT.com, developer of Augmentext
Comments
-
- Subscribe to Beyond Search
Feature archive
News archive
-
