£1.3m investment boost for data software firm
Manchester-headquartered Intelligent Delivery Operations Group (IDS) has secured £1.3m to fund its expansion.
The company, which provides data quality engineering and automated software testing solutions, will use the investment from NPIF – Maven Equity Finance, which is managed by Maven and part of the Northern Powerhouse Investment Fund, to increase staff the company’s development team and deploy its iData toolkit into the SaaS market.
The iData toolkit is deisgned ‘to empower data owners’ enabling users to gain insight without the need for data analytical experience.
Further investment into iData toolkit will enable the product to be deployed as a SaaS solution.
Over the last 12 months, IDS has been enhancing the product with the next version of iData due to be launched in September.
Alex Rothwell, Investment Director at Maven, said: “The company has proven its ability to sell to corporates profitably and has received strong references from a range of existing clients.
“Our diligence has enabled our team to recognize the company’s market leading product and the opportunities that could be had in this evolving sector.”
IDS was co-founded by Alasdair Moore and James Briers.
Alasdair has decades of experience in technology and strategic planning, mainly as a recruitment professional in the technology sector.
He has worked with large corporates such as Siemens, Accenture and KPMG.
James is an expert in data quality and transformation and provides solutions to approaching complex data testing projects to customers.
James Briers, co-founder and CTO of IDS, said: “We have built IDS up to become a solid and profitable business over the last seven plus years and now, with the help of Maven we get an opportunity to further mature and scale our business. This is an extremely exciting time for IDS.”