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Davy advises Phoenix Technologies on its capital raise

01st August, 2023

Davy advises Phoenix Technologies on its capital raise.

Davy acted as financial adviser to Phoenix Technologies, a leading independent firmware supplier for PCs and computing devices, in relation to its agreement with Claret Capital to support its investment programme.

Who are Phoenix Technologies?

Phoenix Technologies designs and develops secure firmware (software) for a wide range of computing devices, servers and firmware cybersecurity products for enterprises. 

Phoenix, which was the first independent firmware provider, has been pioneering firmware innovation since 1979 with nearly a billion units installed worldwide. Firmware is the software that connects the device’s microchips to the operating system.

They have industry partnerships with companies such as Intel, AMD, Arm, Qualcomm and Aspeed as well as computing device manufacturers and OEMs.

Phoenix has also developed Software-as-a-Service (SaaS) firmware cybersecurity products for enterprise customers to enable them to manage and secure their inventory of computing devices.

Phoenix is headquartered in Silicon Valley with engineering teams in the US, Taiwan and Japan.

Transaction highlights

Davy acted as financial adviser to Phoenix Technologies on this transaction. Our long-standing relationship with the company, our in-depth knowledge of the technology sector and understanding of the Company’s investment thesis contributed to the successful outcome. The transaction further reinforces Davy Group’s credentials in the technology sector as well as in the global capital markets. 

The capital raise accelerates Phoenix Technologies ’s growth plans, presenting the opportunity to work with clients to bring more innovative firmware solutions to market.

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