Workforce mobility software firm receives £603k investment

Workforce mobility platform provider Coeus Software Ltd has secured a £603k boost from the Northern Powerhouse Investment Fund (NPIF).

The six figures came through NPIF – Maven Equity Finance, part of the NPIF managed by SME investor Maven Capital Partners.

Cumbria-based Coeus will use the funding to expand its operations, build its sales team and implement a new sales and marketing strategy.

The company, founded by software specialists Simon Hall and Chris Eccles, offers self-service and cloud-based mobility platforms that digitise day-to-day business and operational procedures.

Companies use Coeus’ software to replace outdated manual, paper-based processes.

Simon Hall said: “Coeus has created a mobility platform to enable smarter working. Our vision is to empower organisations to digitally transform their working processes to bring about swift, quantifiable and beneficial business change.

“This investment is perfectly timed, to enable us to expand into a growing market as customers move over to Office 365 and the cloud.”

He added: “We are excited to grow our operations and provide fantastic new job opportunities in the North of England and develop our links with Northern universities.”

Maven investment manager Jim Darlington commented: “We are delighted to support Coeus in realising its growth strategy.

“The company’s offering is innovative and will allow users of the software to seamlessly increase their mobile workforce’s productivity whilst saving time and money.”

He continued: “Simon and Chris are experienced and dedicated with excellent contacts in the markets they are targeting and we look forward to working with them in driving the business forward.”