Mid-Week Tech News Roundup – November 4th to November 8th 2024

6 minutes

Leadership Change at Salford IoT Firm Invisible SystemsInvisible Systems, the Salford-based ...


Leadership Change at Salford IoT Firm Invisible Systems

Invisible Systems, the Salford-based IoT specialist known for its advanced monitoring solutions, has announced Jonathan Law as its new Chief Executive Officer. He steps into the role effective immediately, joining a company with a reputation for empowering businesses through real-time data insights that enhance operational safety, efficiency, and compliance with environmental standards.

Jonathan Law, who brings extensive leadership experience from his tenure as Managing Director at Howden Driving Data, will lead Invisible Systems in driving growth and expanding its customer base across sectors such as energy, manufacturing, and food production. Law’s background in data-driven innovation and strategic development aligns with Invisible Systems’ vision for delivering cutting-edge monitoring solutions to help businesses make informed decisions.

“Jonathan’s background in business development and strategic leadership, combined with his deep industry knowledge, make him the ideal leader to guide Invisible Systems through its next chapter of growth. We are confident that under Jonathan’s leadership, Invisible Systems will continue to deliver solutions that drive sustainability and efficiency for our customers.” - Chris Mathias, chairman of Invisible Systems and founder of Arbor Ventures, the family office investment firm that invests in Invisible Systems.

Founded by retired Pete Thompson, who envisioned a business that could consistently and quickly monitor energy usage for clients, the business Invisible Systems has become a trusted provider in the industry since launching in 2003. Last year, the company achieved a 16% growth rate, underscoring its strong market position and potential for further expansion under Law’s leadership.

As the new CEO, Law is expected to carry forward the founders’ legacy by advancing product offerings, increasing reach, and continuing Invisible Systems' commitment to supporting industry leaders with high-quality, reliable monitoring solutions.

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CMap Software Gains Investment from ECI Partners

ECI Partners, a private equity firm with a growth-focused approach in the mid-market, has announced its investment in CMap Software, a prominent provider of professional services automation (PSA) solutions. This deal also marks a successful exit for NorthEdge, which initially invested in CMap in 2019. Based in Manchester, CMap has grown rapidly, driven by the rising demand for PSA software within the Architecture, Engineering, Construction (AEC), and consulting sectors. CMap’s platform is designed to help clients increase project profitability, improve staff utilisation, and forecast accurately.

CMap was founded by current CEO Dave Graham, who has led the company to expand both domestically and internationally with his vision of industry-specific software that replaces fragmented systems and enhances operational efficiency for professional services firms. Graham expressed excitement about the partnership with ECI, highlighting their understanding of CMap’s core values and future ambitions.

The investment from ECI will allow CMap to expand its team, strengthen its presence within AEC and consulting, and accelerate international growth. Stephen Roberts, Partner at ECI, praised Graham and the team, recognising the company’s impressive product and the growth opportunities within its market.

With a client base of over 600 firms globally, CMap provides streamlined solutions that integrate disparate systems into a single platform, saving time and increasing profitability for AEC and consulting clients. This partnership with ECI is expected to drive CMap’s expansion further across both the UK and US markets, enhancing the company's reach and capabilities.

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Jane App Partners with MRJ Recruitment to Fuel UK Growth

Jane App, a North American healthtech company founded by Ali Taylor and Trevor Johnston, has partnered with MRJ Recruitment to accelerate its expansion into the UK market. This strategic collaboration aims to identify and attract top talent to support Jane's growing operations.

Jane's innovative platform is designed to simplify the lives of healthcare practitioners, including physiotherapists, mental health counselors, and chiropractors. By automating administrative tasks and providing streamlined patient management tools, Jane empowers these professionals to focus on delivering quality care.

The partnership with MRJ Recruitment will play a crucial role in identifying and attracting skilled individuals who align with Jane's mission and values. By leveraging MRJ's expertise in talent acquisition, Jane aims to build a strong team that can drive its success in the UK market.

As part of its UK expansion, Jane is actively recruiting for a Staff Product Manager to lead the launch and growth of its operations. This remote position offers flexibility and the opportunity to work from anywhere in the UK.

For more info, check out MRJ's Staff Product Manager listing...





Voyonic Rebrands as Voly Crew Solutions

In a notable industry update, maritime payroll and crew management provider Voyonic has rebranded as Voly Crew Solutions. This change follows its recent acquisition by Voly Group in September 2024, marking a strategic pivot to strengthen financial and crew management solutions in the maritime sector. Now fully integrated under the Voly Group umbrella, the company is set to deliver expanded services with a unified brand presence.

In conjunction with the rebrand, Neil Carrington led Voly Crew Solutions is also unveiling a new website designed to offer clients and crew members streamlined, user-friendly access to a broad suite of maritime services. The redesigned platform reflects Voly Group’s commitment to innovation, providing an accessible, modern interface that caters to the unique needs of maritime operations.

Ian Flanagan, Founder and CEO of Voly Group, expressed his enthusiasm for the rebrand, stating, “Voyonic has built over 20 years of expertise in the maritime industry with a strong and loyal client base. As Voly Crew Solutions, we’re evolving this foundation into a technology-driven offering that delivers accuracy and real-time reporting, along with user-friendly tools for crew management.” He emphasised that Voly Crew Solutions aims to create an all-encompassing ERP solution, offering a single login, password, and dashboard to manage crew and vessel operations.

With its refreshed identity, Voly Crew Solutions is positioned to lead maritime management into a tech-driven future, promising reliability and innovation to meet the demands of a rapidly evolving industry.

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CloudGuard Cybersecurity Start-Up to Create Jobs with NPIF II Support

Manchester-based cybersecurity start-up CloudGuard has secured investment from the Northern Powerhouse Investment Fund II (NPIF II), aiming to create up to 20 new cybersecurity jobs over the coming year. Founded in 2020 and led by CEO Matt Lovell and CTO Javid Khan, CloudGuard specialises in AI-driven automation for detecting, protecting against, and responding to cyber threats in real-time, helping businesses stay proactive in the face of evolving cyber risks.

The NPIF II funding, provided by Praetura Equity Finance and managed by Praetura Ventures, will support CloudGuard's expansion of its Manchester hub, growing its team from 30 to 50 employees. The company also plans to strengthen its AI research partnerships with Manchester universities, reinforcing its commitment to advancing cybersecurity innovation in the region.

A key part of the expansion includes growth of the CloudGuard Cyber Academy, which offers training and hands-on experience to individuals at all stages of their career, from entry-level candidates to those transitioning into cybersecurity roles. CEO Matt Lovell emphasised the importance of automation and AI in countering the increasing complexity and frequency of cyber threats, noting that CloudGuard’s solutions prioritise speed in response to incidents to enhance resilience and minimise impact.

Michael Rees, investment manager at Praetura Ventures, highlighted CloudGuard’s role in strengthening Manchester’s growing cybersecurity ecosystem, citing the founders' expertise and commitment to local talent development as key drivers for the investment. Sue Barnard of the British Business Bank noted that investments like this are crucial in positioning the North West as a leader in cybersecurity, fostering economic growth and creating high-skilled job opportunities across the region.

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