Shackleton Exits Pancredit; Spins out BI Business

Shackleton Ventures has announced that it has sold its equity interest in Pancredit Systems Ltd. Shackleton has played an active role in support of Pancredit since its purchase of 3i’s investment in the company in 2006. An important component of the transaction was the spin-out of Panintelligence, a business intelligence software company. “We are delighted that the transaction will allow us to focus on further developing our BI offering,” says Panintelligence Managing Director, Mike Cripps. Click here to read the press release in full or visit the Shackleton Ventures website for further information about the company.