Manchester’s Intelligent Delivery Operations Group (IDS) has received a £1.3m investment from the Northern Powerhouse Investment Fund – Maven Equity Finance.
The data specialist said it will be using the new finance to increase staff numbers and “fully deploy” its iData toolkit into the SaaS market. New recruits would be across its development, channel specialist sales and marketing teams.
“We have built IDS up to become a solid and profitable business over the last 7 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,” stated James Briers, Co-Founder and CTO of IDS.
The new version of its iData product is due to be launched this month. Described as a “huge milestone” it’s said to “significantly improve” the user experience through a workflow driven approach, opening up the ability for more user contribution with a reduced dependency on technical capability.
“We are delighted to be investing in IDS, who offer their clients an invaluable service, exceeding alternatives in the market,” added Alex Rothwell, Investment Director at Maven.
“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.”
