YFM Manchester team leads investment in Scottish software firm
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A team from YFM Equity Partners (YFM) in Manchester has completed an investment from its Buyout Fund II into Scottish software firm, Cooper Software.
Cooper Software, a Scottish-based Enterprise Resource Planning (ERP) software specialist, as the fast-growing tech business continues to expand its customer base, develop its product offering and target overseas markets.
Founded in 2005 by current CEO Frank Cooper, Cooper Software is an independent provider of products, consulting services and 24/7 support for enterprise resource planning (ERP), helping businesses manage day-to-day functions and bringing the flow of data between these processes into a unified platform.
The business has provided more than 1,500 enterprise solutions for over 300 clients worldwide.
Based in Dalgety Bay, Fife, Cooper Software has grown to employ over 70 people and its turnover is expected to reach £6.7m this year.
“Over the last 16 years, Frank and the team have established a successful technology business from the ground up that retains a family feel, but they recognise that the time is right to take it to the next level,” explains Andy Thomas, YFM partner.
“With the growth of the global ERP market having been accelerated as companies look to technology to drive greater value, the sector has huge potential as companies seek to maximise the benefits of digital transformation through greater automation, emerging technologies and data intelligence, as well as protecting against some of the modern day challenges presented by the pandemic such as of remote working.
“Cooper Software has demonstrated its ability to really understand its clients’ business operations and, partnering with IFS and NetSuite, to implement market-leading ERP software in order to create bespoke solutions.
“The addition of its own ProScope product has also shown the company’s potential to develop leading edge, modern software relevant to its target sectors, and we believe there is a real global opportunity to target new international markets with plans already underway to expand into Germany.”