Richardson invests in Australian tech company

The Richardson business has invested into Permaconn, an Australian-based firm that is a leader in alarm signalling communications technology.

Founded in 1999, Permaconn has grown to become the preferred choice for professionally monitored alarm connectivity, underpinned by a clear history of technology leadership and focus on customer solutions.

Based in Sydney, Permaconn currently operates in commercial and residential sectors across Australia and New Zealand.

Their communication solutions provide a private and secure network, which ensures alarm signals are securely delivered from protected premises to monitoring centres.

A spokesperson for Richardson said: "We are excited by this investment into Permaconn, a dynamic and growing business that has a clear history of technology leadership and innovation.

“Australasia is one of our core international investment markets, and a region where we expect to continue to be active."

The investment has been made alongside Five V Capital, a growth-focused private equity and venture capital firm that is based in Australia and New Zealand.