Funding deal to support IT firm’s growth

An ambitious IT company in Derby is looking to accelerate its growth after securing a seven-figure funding package.

Xuper is an managed IT services provider which has its own platform for a wide range of business applications, including a secure digital consultations platform for the healthcare market.

It merged with healthtech business Questmark on January 1, which included its tele-consultation video conferencing platform Visconn.

Xuper will use the funding from Allied Irish Bank to launch a product which enables patients to see and be seen by a medical professional in their own homes.

It will also seek further complementary acquisitions and look to add to its 80-strong workforce.

Peter Grogan, managing director of Xuper, said: “I am proud to lead a great team. We are taking on the blue-chip organisations with local talent, local grit and enterprise.”

Grogan bought the business in 2014, when it was 30 years old, and has increased sales rapidly since. Xuper’s customers now include the Met Office, Police Scotland, UK health and social care trusts.

He is forecasting sales “to continue to grow substantially”

Dale Cowdell, relationship manager at Allied Irish Bank, said: “Xuper is an exciting and growing business in the IT and communications sector and a great example of the businesses we seek to back.

“Our funding package will assist Xuper to achieve further sales growth and improve its market share.”