Tech firm starts £300k on­line fund­ing bid

Birmingham Post - - NEWS -

A BIRM­ING­HAM tech com­pany is aim­ing to cre­ate 20 new jobs by se­cur­ing £300,000 in new fi­nance via crowd­fund­ing.

Sy­napse In­for­ma­tion has launched the bid on­line with Shadow Foundr to raise the new cap­i­tal to help it ex­pand its team in Birm­ing­ham.

The com­pany, which is based at In­no­va­tion Birm­ing­ham Cam­pus, has cre­ated soft­ware which aims to help clients man­age mul­ti­ple spread­sheets and re­ports.

It was founded three years and has grown turnover to £5 mil­lion, count­ing Lloyds Bank and Ikea among its client ros­ter.

It is look­ing to grow the team in Birm­ing­ham from 30 to 50 staff over the com­ing two years by re­cruit­ing grad­u­ates who have stud­ied in the West Mid­lands or grown up here.

The team be­hind Sy­napse In­for­ma­tion pre­vi­ously built a world­wide soft­ware com­pany which em­ployed more than 120 staff in Sil­i­con Val­ley and was bought by US com­puter gi­ant IBM.

Sy­napse In­for­ma­tion has been funded to date by a num­ber of back­ers in­clud­ing Birm­ing­ham­based ART Busi­ness Loans which pro­vides ac­cess to fi­nance for West Mid­lands busi­nesses.

Chief ex­ec­u­tive Brian Don­nelly said: “In the last three years, we have at­tracted some ma­jor cus­tomers and have a very healthy pipe­line.

“We are fully sup­port­ive of the ini­tia­tives to cham­pion the West Mid­lands and to put it back in its right­ful place as the lead­ing re­gion of the UK. Bas­ing the com­pany in Birm­ing­ham is the best de­ci­sion we made as it has al­lowed us to take ad­van­tage of all the re­gion of­fers and to at­tract the high­est cal­i­bre of staff.”

Steve Walker, chief ex­ec­u­tive of ART, added: “Sy­napse is ex­actly the kind of com­pany we need in the West Mid­lands.

“The team has decades of ex­pe­ri­ence in soft­ware devel­op­ment and sales and ev­ery mem­ber demon­strates a real fo­cus on solv­ing the fi­nan­cial re­port­ing prob­lems so many cor­po­rates are cur­rently ex­pe­ri­enc­ing.”

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