Cardiff-based software firm raises £3 million
Cardiff-based software firm DevOpGuys has raised £3 million of investment from the Business Growth Fund in a bid to accelerate business growth.
Launched in 2013, the firm generates revenue in the millions annually and has contributed in excess of £14 million to the local economy through wages alone.
Currently, it’s run by a team of 63 people and works with companies such as BAE Systems, Admiral, Fitness First, ASOS, Vodafone, Waitrose and the DVLA.
The company, which offers engineering and consultancy solutions to streamline the way companies deliver software, said it will use the funds as part of an ongoing expansion plan.
Over the coming years, it will establish new offices across the UK, take on new sales and marketing staff, and expand its team of technology experts to cater for more clients.
James Smith, CEO of DevOpsGuys, said the company has achieved a lot in a relatively short space of time. “We’ve employed a talented and ambitious team, worked on fantastic projects with industry leading companies and established strong partnerships,” he said.
“There is a significant opportunity to accelerate our growth plan by expanding the team and broadening our service offering – BGF’s backing means that we can do this at a much faster pace than we would otherwise have been able to do.
“The launch of the BGF Wales office and the investment in DevOpsGuys is a wonderful example of the thriving tech sector we have in Wales and cements Welsh tech firmly as a key part of Wales’ future economy.”
This is the first investment the Business Growth Fund has made in Wales since establishing an office in Cardiff last month. The deal was put together by Alex Garfitt, Edwin Davies and Dan Tapson.
“Under the leadership of James, Steve and the management team, DevOpsGuys have achieved a huge amount in a relatively short space of time,” said Garfitt.
“They have focused on cementing their leading position and reputation in a specialist market, and as such have built solid foundation to scale up further.”
Edwin Davies added: “We’re delighted that this is our first investment in Cardiff since we announced the opening of our permanent base in the city, a move that we hope will enable us to provide funding to a greater number of ambitious Welsh companies to support their growth plans.”