Welsh entrepreneur creates new tech group
Simon Powell, one of Wales’s leading technology and digital entrepreneurs, has set up a new group to act as an umbrella for his tech companies and interests.
InspireTec is officially the parent company of Powell’s travel technology provider Comtec, business management systems creator Clarius Finance and e-commerce company Eysys.
The company has also just purchased digital creative agency Sequence, which went into administration last month. Powell, as part of the deal, has become the firm’s chairman.
He purchased the company from the administrator because he believed that it fits into his umbrella of technology firms, particularly with its website building capabilities in mind.
Comtec is one of the country’s leading travel technology firms. It currently supports around 100 clients and helps support billions worth of holiday deals per year.
Along with this, he has high hopes for the future of Sequence. InspireTec has invested £300,000 of capital in the firm and is expected to save 28 high-skilled jobs.
Sequence, which was previously based in Cardiff Bay, will move its operations and members of staff to InspireTec’s headquarters in Pentwyn, Cardiff.
Powell retains a majority stake in the digital agency and has said he plans to recruit more staff in a bid to grow the firm to even bigger heights, supporting his company Comtec.
He told Wales Online: “We see Sequence as a great creative asset and working with other businesses in the InspireTec group we are excited at its prospects going forward.“
“As an investor of some 20 years’ experience, I have been involved in the creation, support and expansion of a wide range of commercial ventures, and in many ways the launch of InspireTec could be seen as the culmination of all those experiences.
“As a single entity, InspireTec has been formed to provide existing and future clients with a level of expertise from a single source or a complete one stop solution. The group will comprise of over 100 highly skilled professionals in their field.”
Source: Wales Online