Nottingham software firm lands seven-figure investment

Foresight Group has invested a significant sum from the Foresight Nottingham Fund into Nottingham-based software business Solutions for Retail Brands Limited (S4RB).

S4RB is a cloud-based software and professional services business which helps retailers to evolve their private brand products by providing an insight into product performance, and introducing collaboration with suppliers around product quality, innovation, incident management and brand initiatives. S4RB has a number of high profile clients including Asda, Waitrose and Walmart in the US.

The investment will enable S4RB to step up its expansion into national and international markets, develop its software solutions and grow its current 30-strong team.

Mike Quinn and Seb Saywood led the deal from Foresight’s Nottingham office; Quinn will join the Board as investor director.

The Foresight Nottingham Fund is a £40m fund that targets equity investments into growth companies, with a focus on Nottingham and the Nottinghamshire region.

James Butcher, managing director, Solutions for Retail Brands, said: “We’re very excited by the opportunities that this extra capital provides S4RB in terms of accelerating the businesses’ software development, and for potential further expansion. We look forward to collaborating with Foresight’s experienced investment team to drive sales and improve key services in order to maintain a position at the forefront of the market.”

Quinn added: “The investment into S4RB is an exciting opportunity to support a high growth company in the heart of Nottingham. The team have already secured a number of well-known customers both in the UK and in the US and have ambitious plans for the future. We are looking forward to working with management to expand the software capabilities and add to its already strong customer list. We have been impressed by their expertise, professionalism and ambitions for growth.”

Professionals from the local community supported the transaction with Mark Rutherford and Liz Mills from the Nottingham office of Gateley providing legal advice to the Company, and Foresight being advised by Gavin White and Peter Abel from Fraser Brown, and Julian Clough and Adam Foster from Mazars.