Trade Chimp joins forces with software firm

Trade Chimp has joined forces with software development expert Arc Studios in a joint venture product development deal that will see hundreds of thousands of pounds invested into Trade Chimp over the coming years.

The agreement between the two Hull-based companies sees Arc Studios, which built the bespoke software and user-friendly Trade Chimp app, take an undisclosed equity stake in the company.

Trade Chimp provides operational and administrative support to tradespeople and small trades businesses around the UK with up to 10 staff, including electricians, plumbers and gas fitters.

Managing director Sam Overment said: “Reaching an agreement with Arc Studios at this crucial stage in our launch is a real milestone for us, cementing our future product development and freeing up capital resources.

“Arc Studios are an ambitious team of tech professionals who have already established an excellent company – it’s a real win for us to have them on board. As well as further developing our product offering, the joint venture demonstrates that Trade Chimp is here to stay and that users can expect more exciting things to come as well as the continuation of our excellent customer service.”

Arc Studios will provide ongoing support in the form of new and improved features to the app, such as integration add-ons, so users can link up their Trade Chimp system with their preferred accounting package.

Arc Studios director Tom Findlay said: “The creation of the Trade Chimp app is one of the most exciting projects in which we have ever been involved and is quite clearly ground-breaking in what it has set out to achieve.

“Here at Arc Studios we have a proud track-record of new product innovation and once again we have been able to apply the latest digital technology methods to create a genuinely unique, new, useful and relevant business development and administrative tool for small trades businesses.”

John Connolly, managing director C4DI, said: “This is the perfect example of how tech innovation and enterprise can meet the needs of traditional businesses, such as electricians, plumbers and builders, giving them the cutting-edge applications they can use each day, from smartphone to desktop.

“It is also a fantastic example of how C4DI has helped bring two entrepreneurial Hull-based tech companies together, supporting them with the physical space and resources to focus on what are, quite clearly, ambitious and sustainable plans.

“This is an exciting time for everyone involved.”