Cash boost for Qire
A Liverpool business that specialises in voice messaging services has received a £650,000 investment from a Government-backed venture fund.
Direct Data Services, trading as Qire from offices in the city centre, operates automated messaging services for companies such as Littlewoods and Marks & Spencer. It said the cash would support its growth and development plans.
The investment has been made by the Manchester office of Maven Capital Partners which is managing the northern part of the £75m Capital for Enterprise Fund which is backed by the Government and the major banks.
Maven has £30m to invest in businesses that have struggled to attract funding during the credit crisis.
Qire’s chief executive Guy Cooper said: “It provides us with the stability to further develop our position within the utility, financial and healthcare sectors and will help us realise our vision of becoming the UK’s leading supplier of hosted intelligent voice messaging business services.”
Andrew Craig, partner at Maven, said: “Qire is a relatively young business that provides innovative voice messaging solutions to an impressive blue chip client base who are all extremely happy with the services that Qire deliver. The business has also recently signed a significant public sector contract and has numerous other opportunities in the pipeline.”
Qire employs more than 20 staff at offices in Liverpool City Centre. The firm was advised by Brabners Chaffe Street while Maven was advised by DLA Piper and accountancy firm Langtons.
