The Courier & Advertiser (Angus and Dundee)
Elevator makes deal for tech consultancy
Tayside-based business support group Elevator has acquired an innovation and technology consultancy.
Elevator runs accelerator programmes in Perth, the Centre of Entrepreneurship at Dundee University, and Michelin Scotland Innovation Parc.
It also delivers Business Gateway services in Tayside.
It said its acquisition of Glasgow-based Targeting Innovation was a sixfigure deal.
Chief executive Professor Gary Mcewan said it would bolster Elevator’s existing digital, technology and innovation capabilities.
“Targeting Innovation is an industry innovator,” he said.
“This acquisition is exciting for both parties.
“The team brings a wealth of expertise in innovation and digital development.
“During a time when many businesses are going through a period of transformation and change, our synergies will help individuals find the support they need.
“The path ahead of us in 2021 is a positive one.”
Targeting Innovation was founded in 1993 by Scottish Enterprise and four Scottish Universities to support the commercialisation of new technology products and services.
Working across the UK and delivering projects and programmes internationally, the consultancy has built a reputation for helping SMES and large corporations leverage digital technologies and drive value from innovation.
George Boag, chief executive at Targeting Innovation, said: “This is a landmark moment in the history of our company.”