Fast-growing Belfast software firm Automated Intelligence eyes global market
A Belfast software company is poised to enter global export markets after securing important contracts with the Treasury and a number of other top government organisations.
Automated Intelligence (AI), which was founded in 2010, has more than 60 major customers including the UK's Department for Education, the Department for Energy and Climate Change, the Department of Health and HM Treasury.
The London Borough of Islington and the City of Cardiff Council are also clients. The firm has 40 staff in the Belfast office with six other roles based across England and Scotland.
Finance for the £50m Growth Loan Fund - which provides loans to established Northern Ireland firms seeking to access growth finance - has been provided by Invest Northern Ireland and private investor, Northern Ireland Local Government Officers' Superannuation Committee (NILGOSC).
The loan will be used to support ongoing sales growth, to invest in research and development investment and to cater for demand for products and services.
Fergus McIlduff, chief operating officer with Automated Intelligence, said that the firm has experienced rapid growth over four years.
"After just our first year we secured one of the largest central government departments in the UK as our first customer and since then we have gained a significant market share in the UK public sector market," said Mr McIlduff.
WhiteRock Capital Partners LLP has been established to manage the Growth Loan Fund by the consortium of three partners - Braveheart Investment Group, NEL Fund Managers and Clarendon Fund Managers.