Cramlington's Mandata attract further investment
Cramlington software providers Mandata have secured an undisclosed investment from private equity investors Synova Capital.
The specialist providers of transport management systems will use the investment to accelerate product development and aid further growth into the the haulage and logistics sectors where operators are looking to boost efficiencies.
Mandata now plan to create new jobs in technical development, customer service and sales across their three UK locations.
Stephen Robinson, director of Mandata, said: “Synova’s investment will enable us to dedicate greater resources to technology, research and development to advance our products and ensure we are well placed to meet a growing demand for our solutions.
“Increased reliance on accurate, real-time information and technology, which not only streamlines and automates manual processes, but integrates with third-party applications such as Pallet Operator software, will deliver strong growth opportunities over the next few years.
“Partnering with Synova during this period will provide us with the financial resources and strategic support to fully exploit these opportunities.”
Alex Bowden, a Partner of Synova added: “We are delighted to be partnering with Steve and his team who have developed a market leading suite of solutions.
“The haulage and logistics market is demanding ever greater use of innovative technology to manage environmental, commercial and regulatory requirements which will drive increased demand for their products.
“We believe Mandata should benefit significantly from our experience in working with growth businesses to ensure they continue to lead the market.
This was posted in Bdaily's Members' News section by Tom Keighley .