Stockport software firm Eticom expands after funding injection
Business management software firm Eticom has relocated its operations after securing £150,000 funding. A fast growing tech company plans a recruitment drive after moving into new premises.
The loan has enabled the business to more than double the size of its headquarters with the purchase of a 2,500 sq ft industrial unit, which is now home to its hardware production line, software development team and sales force.
It is hoped that up to four new jobs comprising sales staff, and hardware and software technicians will be created.
Founded by former software and electrical engineers Lee Roche and John Wild in 2012 as a self-funded start-up, Eticom now employs seven staff and projects a £3 million turnover for this year.
Eticom’s cloud-based management systems – targeted at commercial landlords – aims to save time and money by managing buildings and tenants via a dashboard or app.
Customers can control everything from energy use, billing, tenant information and emergency systems.
Founding partner Lee said: “The move to our new headquarters marks a period of significant growth for Eticom. The funding from NatWest will allow us to create new jobs and carve a place for ourselves in the wider marketplace.”
Funding provide NatWest’s relationship manager, Simon Jones, adds: “Lee and John have developed a successful business over the last five years, creating a niche, game-changing software for the commercial property industry, and with their new base in Stockport this growth is set to increase.”