Imagine Publishing is one of the UK’s fastest-growing multimedia content publishers. Formed in May 2005, it now publishes 19 regular print magazines, 50 digital apps, more than 250 bookazines, 29 websites and thousands of articles every month in the technology, videogames, photography and knowledge/science markets. An Imagine magazine is purchased every ten seconds, and the Company this month won a Media Pioneer award at the Specialist Media Conference for the successful ‘Content is King’ digital strategy that has brought its content to all major mobile smartphone and tablet devices worldwide, say the publishers.
In the financial year to March 2013, Imagine delivered revenue of nearly £20m, and was recently named in the Sunday Times Profit Track 100 of the UK's fastest-growing companies (with 63.04% profit growth in FY 2009-12). The latest investment from the Truell brothers will be used to accelerate Imagine's global rollout into the major international markets, notably India, the US and Australia, and to cement its position as a leading global multimedia content provider.
The Truells have been investors in Imagine since inception, and following significant new investment will assume the majority shareholding, which sees the Company’s co-founders Damian Butt (Group Managing Director), Steven Boyd (Group Finance & Commercial Director) and Mark Kendrick (Group Creative Director) each retain significant stakes in the business. HSBC has for the third time also provided debt facilities to give further balance sheet strength.
Imagine is now strongly capitalised and well positioned to develop further its pioneering approach to content delivery on a global scale.
Edmund Truell (pictured) commented: “I’m delighted to continue to back and at a bigger scale an innovative management team who are true mobile device pioneers, being one of the first to put their content on the iPad, and the first to publish all their titles on every platform. The team is now ideally positioned to lead and transform the migration of published content to digital platforms worldwide.”
