Leeds-based Infinity Works bags significant stake from Growth Capital Partners
Software consultancy, Infinity Works has received a minority investment from Growth Capital Partners (GCP).
This is set to support significant additional scale and reach and help increase its share of the multi-billion-pound market for IT services.
The founders left jobs in the Leeds tech sector to launch the business in 2014 with two short contracts with NHS Digital and a desk in a co-working space.
This year, turnover will exceed £30m from a blue-chip client base including health and care providers, supermarket groups, banks, delivery companies and online gaming giants.
The founders and directors Matt Gaffney, Paul Henshaw, Dan Rathbone and Tom Walton will retain majority ownership and control of the business.
Paul said: “After five years of funding growth ourselves, we are delighted to be bringing Growth Capital Partners on board as a minority shareholder.
“GCP specialises in supporting high-growth UK businesses and has proven expertise in the technology sector and considerable knowhow and networks in our current and future growth markets. We also felt that there is a very good cultural fit with our team.
“2019 will represent a big growing-up year for Infinity Works as we become more strategic in our vision and more focused on our plan of attack for the future. We are doing this to be best for our clients, best for our Infinites and best for our company.
“We have a fantastic opportunity to become the UK’s best software delivery consultancy to do business with. We have great people and we want them to progress with us in a way that they are recognised and rewarded.”
Infinity Works specialises in large scale, high volume and high availability critical systems, and has a team of more than 250 skilled engineers, known as Infinites, who work as self-contained or integrated teams with clients.
The company has offices in Leeds, London, Manchester and Edinburgh.
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