NPIF provides £2m funding to IT firm

NPIF – Mercia Equity Finance has delivered £2m of funding to a Sheffield-based IT company.

Azzure IT – which provides services to SMEs and larger not-for-profit enterprises – will use the finance to strengthen its management team, recruit additional implementation consultants and expand sales and marketing operations.

The company currently employs 57 people and expects to create 12 new jobs in the year ahead.

NPIF – Mercia Equity Finance is part of the Northern Powerhouse Investment Fund (NPIF) and this level of funding marks the single largest investment to date since the NPIF was launched last February.

Will Clark, joint fund manager of NPIF – Mercia Equity Finance, said: “Azzure IT’s success is due to its focus on service, quality and the ability to deliver real-world solutions to meet its clients’ challenges.”

The company – which was founded in 2011 by Craig and Sharon Such – is claimed to be one of the first UK software vendors to achieve the ISO 9001:2015 quality accreditation and is ranked 29th in the Northern Tech 100 league.

“Founded in the last economic downturn, the company itself used technology to take on emerging market challenges and to thrive and grow,” Will added.

“Its goal is to support other growing businesses to achieve digital transformation.

“The funding will allow the business to scale up to meet growing demand and create 12 new jobs in Yorkshire.”

The company has also been listed in the Deloitte Tech Fast500 EMEA over the past three years and was ranked 200th in the Financial Times 1000 list of the fastest-growing companies in Europe.

Pictured above from left to right: Will Clark (Mercia), Julian Viggars (Mercia), Ken Cooper (British Business Bank), Neil MacDonald (Sheffield City Region Local Enterprise Partnership), Howard Joseph (Azzure) and Craig Such (Azzure).

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