Software company secures £1.4m investment

A company specialising in cloud-based B2B deal management software has secured £1.4m in funding.

Warwickshire-based Enable International will use the funds to expand in existing markets and scale the business into new sectors both in the UK and USA, including a major investment to grow its presence in California.

The company has seen rapid growth in the last three years since the launch of its DealTrack product. Designed as a specialist Rebate Management System, DealTrack helps suppliers, distributors and wholesalers to drive mutually profitable growth, while improving cash flow and reducing risk.

Their customers include leading manufacturers and distributors such as Travis Perkins, SIG and Wolseley, who depend on their product to plan, execute and track complex trading agreements to drive profitable growth with customers and suppliers.

The business has already secured a number of customers in North America.

Andrew Butt, co-founder and CEO of Enable, said: “This funding will provide the support needed to execute the rapid expansion plans we have for the business, as we look to bring our DealTrack software to a wider global market.”

Jim Quantrill, relationship director at Barclays in the Midlands, said: “Enable has seen strong year on year growth over the past three years.

“I am delighted we have been able to provide the funding to support the next phase of their expansion.”

PHOTO: Left to right: back row: Jim Quantrill and Alex Riordan (Barclays)
Front row: Andrew Butt, Nick Rose (Enable International)