Losses widen at Lutterworth-based firm Intercede

Losses at Intercede, the Lutterworth-based cybersecurity firm Intercede, have increased for the 12 months to 31 March, while revenues have fallen. Turnover at the listed firm dropped from £11m last year to £8.3m, while losses widened from £1m to almost £4m. Despite this, Intercede’s boss is remaining upbeat. Richard Parris, chairman and chief executive, said: […]

PWC and University of Birmingham to launch tech degree apprenticeships

PwC is partnering with the University of Birmingham to create a new fully-funded technology degree apprenticeship.  Starting in September 2018, the innovative programme will see 80 students a year combining university life with practical work-based technology projects at PwC. The four year course is being developed by PwC in partnership with two leading universities – […]

£2 million deal for Birmingham social network Wambiz

A Birmingham tech firm has sold the intellectual property and distribution rights to its social network to a education specialist for £2 million. Established in 2013, Wambiz is a social network for students to connect, communicate and collaborate with peers, teachers and institutions with the aim of increasing engagement with young people while outside of […]

Private equity firm takes stake in Nottingham tech business

Private equity firm NgCapital has taken a stake in Nottingham-based SMS services firm Esendex. The value of the deal is undisclosed. Founded in 2001, Esendex provides messaging solutions to over 13,000 SMEs and corporate customers and employs over 140 staff. Esendex recently acquired SMSpubli, a leading supplier of business messaging services in Spain. Esendex and […]

App developer SWOOPOS secures new funding to expand business

A Birmingham tech entrepreneur who has created an app allowing users to order and pay for food while also providing customer insight to business owners has received a six-figure investment for the business. Developed by Lee Nazari, SWOOPOS is a mobile point-of-sale system which offers several payment solutions aimed at helping merchants accept mobile payments, […]

Mercia Fund Management to participate in £8.5m accelerator programme

Specialist technology funder Mercia Fund Management will take part in a new £8.5 million scheme to provide fledgling firms with combined grant funding and venture capital. MFM, part of Warwickshire-based Mercia Technologies, will partner with Innovate UK’s new Investment Accelerator initiative. Investment is targeted at innovative early stage companies which operate in infrastructure or health and life […]

Green business idea competition gains global impact

Innovation Birmingham’s ClimateLaunchpad programme kicks off the fourth edition of its green business idea competition! Now welcoming Serbia, Azerbaijan, France and Germany as new participating countries and with interest from Argentina, India, Kenya and Australia, ClimateLaunchpad is no longer a European affair with over 35 countries expected to join the 2017 edition. The competition is […]

Dividend increase for Sanderson after strong half year

Software and IT group, Sanderson has declared a 10% increase in interim dividend following a strong half year. The Coventry-based group, which supplies digital retail technology and enterprise software for the manufacturing, wholesale distribution and logistics sectors, saw revenue growth 10% to £10.9m (H1 2016: £9.86m) in the half year to March 31, 2017. Operating […]

Stone Computers secures £17.5 million refinancing

Staffordshire IT business has secured a £17.5 million debt package in a deal part advised out of Birmingham. Stafford-based Stone Computers has received the finance package from PNC Business Credit, with the help of a team of Birmingham-based advisers led by corporate finance advisory firm, Cattaneo. Stone is an £85 million turnover supplier of IT […]

Digital tech sector to drive Birmingham’s economy for five years

Growth in the digital tech sector is likely to dictate the direction of Birmingham’s economy over the next five years, according to new research. Property firm JLL and Tech City UK, examined eight areas in England, Wales and Scotland where significant digital clusters have emerged; identifying current and emerging property trends affecting the tech sector, and […]

Octavian IT expands offer with Accura partnership

Nottingham IT solutions business Octavian IT has signed an exclusive agreement with print management specialist Accura. Octavian provide a fully-packaged Accura Print Management Information System (MIS) for print companies. Ben Solomon, managing director of Octavian IT, said: “Being able to offer Accura MIS on our optimised physical server or hosted cloud servers will add a […]

Lodders hires IT security and forensics specialist as IT Director

Midlands law firm Lodders has hired IT security and forensics expert Alex Loquens to the new role of IT Director. He joins Lodders from Key Forensic Services Limited in Coventry, where he was Head of IT for over three years. With experience in forensic IT, IT security compliance and delivery, and cloud and managed services […]

Edge targets public sector after acceptance onto G-Cloud 9

One of the UK’s fastest growing and largest independent software testing company, Edge Testing Solutions, has today announced that it has been successfully awarded a place on the highly competitive G-Cloud 9 framework, the government’s cloud procurement framework. Following a rigorous procurement process, Edge Testing can now offer additional cloud services to public sector organisations, […]

Portech secures Vimto mobile workforce system contract

Birmingham mobile workforce solutions developer Portech Systems has provided Vimto Out of Home (OoH), the 40-year veteran drinks industry supplier, its new distribution, scheduling, billing and stock management. The Portech Systems’ Field Service Executive (FSE) workflow management system serves all of Vimto OoH’s mobile field staff and provides a unified view of stock, work and assets […]

Shares up 48% as technology firm reveals Google collaboration

Shares in Birmingham-based technology company LightwaveRF rose by nearly half yesterday after it unveiled a collaboration with Google. The Internet of Things company has developed an app to control and monitor lighting, heating, power and security functions for a wide range of electronic devices. The technology is applicable to the range of LightwaveRF products accessed through […]