Smartpipe Solutions opens new software centre in Cwmbran
Smartpipe Solutions, an intelligent identification system for data-heavy businesses, has opened a software and development research centre in Cwmbran.
The new centre, based at Ty Coch, will create over 40 jobs for Welsh IT sector and has received £1 million business finance from the Welsh Government, £700k from Notion Capital, £500k from Finance Wales and a further £4 million from private investors.
The firm, which has its sales and marketing operations based in London, is in the process of developing new technology and hardware capable of enabling network operators to monetise their data in real-time.
So far, it’s recruited 13 employees and is to take on more than 30 other IT specialists in 2016. On Monday, Economy Minister Edwina Hart was joined by Smartpipe co-Founders Tobin Ireland and Tanya Field to open the centre.
Hart said: “This latest inward investment in one of our priority economic sectors, ICT, is very welcome, and I am pleased to hear that the strength of the sector in Wales and the availability of high level skills was a deciding factor for Smartpipe to open its new centre here.
“This is exactly the type of investment we want in Wales – companies with innovation at the heart of their business that will create high-quality, highly skilled graduate level jobs and develop new technologies for a global market.”
Tobin Ireland, executive chairman of Smartpipe, said: “We are delighted that the Welsh Government has invested in Smartpipe, and the opening of our software and development research centre in Cwmbran marks an important phase in the company’s expansion.
“Smartpipe is a thriving, entrepreneurial company developing new technology solutions with innovation at our core. We are proud to be building our global technology business from its base in Wales.”
Stephen Chandler, managing partner of Notion Capital, added: “Smartpipe’s solution is genuinely innovative in providing a secure, global ecosystem for operator’ customer data. Smartpipe is a great example of the type of innovative company that should be making its mark on Wales.”
James Henderson, fund manager at Finance Wales, also welcomed Smartpipe’s news. He said: “Smartpipe’s technology has achieved significant market traction since its launch in 2014 and the new centre will be pivotal to the future development of Smartpipe’s software.
“Smartpipe is an important part of Finance Wales’ growing portfolio of technology companies and we wish Tobin, Tanya and the team at Smartpipe every success.”
Image credit: Huw John, photographer