The Economist to create new tech unit in Birmingham

Publishing group is expanding its presence in the city centre by launching innovation unit to support is publishing activities The London-based media group that publishes national newspaper, The Economist and its website among other titles, had announced in December that it had signed a deal to take new office space at 60 Church Street and is now expanding its base […]

Midven backs HR software firm with £250,000 investment

A Birmingham-based software firm which specialises in HR products has secured £250,000 of new investment. Natural HR will use the capital to create ten jobs at its base in Newhall Street over the next three years as well as develop product lines. The firm started life in 2010 from a growing need for online employee […]

One Connectivity completes Elite connections purchase

Acquisition sees more than 700 Elite connections move to One Connectivity Derby-based unified communications company, One Connectivity, has announced £4 million in its 2018 financial year, beating its turnover target of £2.4 million thanks to profits of £240,000. Despite the company buying Midlands-based business telecoms’ dealer Elite Telecom in March, One Connectivity’s first acquisition buy in […]

Tech company raises £2.2m for Agricultural app, Breedr

A tech company has raised £2.2m in seed funding for an app to digitise the entire livestock production process. The app, named Breedr, attempts to take the guesswork out of livestock production, from understanding which sires result in the most profitable offspring, to predicting the date of peak profit for each animal to hit the […]

Birmingham listed tech firm signs E.ON supply deal

A Birmingham-based listed technology company has signed a supply agreement with energy giant E.ON. LightwaveRF will provide its latest range of Lightwave Smart series lighting and power devices. The agreement is part of a collaboration between E.ON and housebuilder Berkeley Group at its Kidbrooke Village development in Greenwich, London. Lightwave’s smart hub, light switches and […]

Samsung snaps up Birmingham tech firm Whisk

Whisk, a Birmingham company launched by a former contestant on BBC shows The Apprentice has been acquired by global tech giant Samsung. Whisk is the brainchild of Nick Holzherr and is a nutrition site that enables users to browse recipes based on factors such as personal taste and budgets then add a recipe to their […]

Intercity Collaboration to close Birmingham skills gap

IT specialist partners with Ahead Partnership to improve Birmingham’s tech sector pipeline and diversity of talent Collaborating with social enterprise, Ahead Partnership, Birmingham-headquartered IT specialist, Intercity Technology, will work to enhance the employability skills of local young people through a range of initiatives, including a volunteering programme and work experience scheme. Initially, up to six students […]

Ideagen acquires Irish software firm Scannells for £3.5M

UK based governance, risk and compliance (GRC) sector software developer, Ideagen Plc, which is headquartered in Ruddington Fields Business Park, Nottinghamshire, has announced the acquisition of Irish company Scannell Solutions Ltd for a fee of £3.5m. Scannell Solutions Ltd is known for its Software as a Service (SaaS) solutions for Environmental Health, Safety and Quality monitoring […]

Investment firm targets Nottingham as ‘important tech hub’

Private equity firm Mercia says it invested £13.3m in Midlands businesses in 2018, up from £11.3m the previous year. Mercia made investments in 22 companies in the region during the year, including Sigmavision of Bicester which has created a novel tyre scanner; Coventry-based Arc Vehicle, which has developed a new electric motorbike; Birmingham-based battery technology […]

Intercity Technology announces £2m investment in Birmingham

Cloud computing and IT security specialist Intercity Technology has pledged to invest more than £2 million into the Birmingham region over the next year. The company plans to construct a new data centre in the city which will complement its existing UK facilities in Bolton and Hertfordshire. The new data centre will provide the additional infrastructure […]

VC Mercia Technologies outlook confident as profit rises

Mercia Technologies PLC has announced profit growth in the first half of its current financial year on the increased value of its portfolio. The Henley-in-Arden based technology investor said pretax profit rose 36% to GBP 1.9 million in the six months to the end of September, up from GBP 1.4 million reported for the same period a […]

Beech Tree plans buy-and-build strategy after major investment in IT business

Birmingham investmeent company Beech Tree Private Equity plans to execute a buy-and-build strategy after completing a significant investment in BCN Group, a fast-growing IT managed services company. Beech Tree has been looking to invest in the sector due to the rapid growth in demand for the provision of cloud managed services and will support BCN with […]

Midlands gets £19m boost for self-driving technology

The research and development of connected and autonomous vehicles (CAV) in the West Midlands has been given a £19m funding boost. Mayor of the West Midlands Andy Street said the additional money for the Midlands Future Mobility project would help ensure the CAV sector played an increasingly important role in building a “resilient and future-proof” […]

Software provider Unique IQ receives funding boost from Midven

Redditch software provider Unique IQ serves the health, social care and cleaning sectors has received a significant investment for expansion. Unique IQ has received the money from venture capital firm Midven, which was recently appointed to manage the £35m equity portion of the Midlands Engine Investment Fund (MEIF). The company, which was founded in 2003, […]

CityFibre announces £2.5 billion full fibre expansion plan

The investment will see five million homes receive full fibre meeting a third of the target set by government Five million homes are to be connected to full fibre network thanks to aa £2.5 billion investment from CityFibre. Over 37 towns and cities across the country will now benefit from superfast broadband speeds capable of […]