Belfast Telegraph

Growth the aim following £1.2m boost for software firm Oroson

Strength: Daniel McGlade
Strength: Daniel McGlade

By Christine Carrigan

Northern Ireland software company Oroson has raised investment of £1.2m from private investors and Co-Fund NI for its product development.

Economic development agency Invest NI has also offered the Belfast start-up £350,000 of support towards research and development and the creation of three jobs.

The company — which has nine workers who work remotely — also said it hopes to raise a further £1.2m early next year to support further business growth.

Co-Fund NI is an equity fund managed by Clarendon Fund Managers Ltd and private investors.

Oroson said it will use the money to develop its software, which is used to enable businesses to increase productivity by streamlining their work flow.

Its clients include Mexican food chain Boojum, Lisburn and Castlereagh City Council and the Irish Football Association.

The Oroson software model allows teams to store, share and talk about their work in one central online hub, solving problems created by the daily volume of information and resources.

Daniel McGlade, founder and chief executive, said: “We have had an incredible year to date and have seen our product and company grow from strength to strength thanks to investments from Co-Fund NI, Invest NI and private investors, and of course all of our valuable clients who have signed up to our solution.”

Nuala McMenamin, head of marketing at Boojum, said: “Oroson is a fantastic platform.

“It delivers major benefits for the Boojum team.

“It’s highly visual, creates efficiencies and we work much better as a team because of Oroson.

“As soon as we start any new piece of work, our priority is to create an Oroson board to add all our content to.”

Chris Trotter, portfolio manager for Clarendon Fund Managers Ltd, said: “We are proud to support Oroson as they develop tools to improve how people collaborate.

“Oroson highlights the standard of talent that Northern Ireland has to offer to the global software market.”

Belfast Telegraph