Nottingham software firm creates 60 jobs with private equity backing

A Nottingham software company has created 60 jobs after landing investment from a private equity firm.

LDC invested in ENSEK, which supplies software to energy providers, last October. ENSEK’s revenues have more than doubled in the financial year to March 2018 to £6.2m, up from £2.7m in the previous year. The company has also created over around 60 jobs to take staffing numbers to over 120.

ENSEK says it will look overseas to new business in the USA and Europe, as well as pursuing wider growth opportunities in the UK. This includes plans to expand its services into new markets such as supporting UK water and oil suppliers.

Jon Slade, chief executive at ENSEK, said: “It’s been a fantastic year of growth and development for ENSEK. Having a strategic partner like LDC on board has given us greater firepower both operationally and financially, enabling us to further strengthen our market proposition, while continuing to deliver high quality solutions to both existing and new customers.

“This momentum looks set to continue into the new year, and with LDC’s on-going support we intend to build further on our successes and implement the next stage of our growth strategy.”