North Shields software firm to expand following £1m investment

North Shields software firm, Infotel UK Consulting is aiming to double in size with a £1m investment in new offices and recruitment.

Infotel UK began operating in 2015, delivering custom-made software and applications that help businesses improve their operations. The company aims to take advantage of increasing interest in its services from clients based in the region with the investment.

The company currently employs over 40 people and now aims to double in size in the next two years as well as adding to its customers which include Nissan Motor Manufacturing and Virgin Money.

The investment will be supported by a six-figure funding package from Lloyds Bank Commercial Banking.

Mundeep Nayyar, managing director of Infotel UK, said: “The technology sector in Newcastle is estimated to be worth almost £1bn and growing more than twice as fast as the rest of the economy.

“With access to leading blue-chip businesses that need Infotel UK’s services and nearly 25,000 students in higher education, the city is the ideal location to find and cultivate new talent and to grow a high-tech software business.

“It’s a perfect storm for investment as we look to offer more and better solutions to our clients while maintaining our dedication to quality customer service and delivery.”

As part of the investment, Infotel UK has moved operations from its site at Orion Business Park, North Shields to new offices in Balliol Business Park, Longbenton where it will establish its innovation lab and collaboration space.

The new office was officially opened on November 7 attended by Infotel’s founder and representatives from North Tyneside Council and the Department for International Trade.

Minister for Investment at the Department for International Trade, Graham Stuart, added: “With a wealth of investment opportunities across the UK and a growing economy, it’s no surprise that we are Europe’s number one destination for foreign direct investment.

“Newcastle is currently home to 25,000 students in higher education, and Infotel’s investment is further proof that the city is the ideal location in Europe to find and cultivate new talent and grow a high-tech software business.

“Utilising a network spread across more than 100 countries to scope out opportunities for British businesses, my international economic department is the focal point for [the] government to attract global investment, providing jobs and prosperity across all regions and nations of the UK.”

Infotel will also invest in growing its technologies – such as block chain and AI. It is also preparing to launch many projects in the Cloud with Amazon Web Services.

 

BDAILY ARTICLE

 

Leave a
comment

Read more posts

Do you want to buy…

23.04.2019

Newcastle University launch “NU-food Online Supermarket” research project. Newcastle University is developing an online supermarket. Each participant will receive a £25 virtual budget to spend in the NU-food online supermarket. A…

Read more

Build IT Right: A Review

17.04.2019

MORE than 200 delegates from the region’s leading tech companies attended an inaugural conference aimed at the sector’s ‘do-ers.’ The first Built IT Right (BITR) conference was held  Thursday, April…

Read more

Halfords chooses Gateshead College to…

17.04.2019

A vehicle servicing and repair firm has teamed up with Gateshead College to launch an apprenticeship programme in the North East. Halfords Autocentres is rolling out a national apprenticeship programme…

Read more

RT @Cathy_Boland Please take a few minutes to vote for @Founders4School 🙌 We've supported over 250,000 young people and on our way to 1,000,000 student employer encounters 🚀#CEIAG #DL100 #Careers #employability #workexperience #youngpeople twitter.com/Founders4Schoo…

Join our
mailing list