Tech firm Azzure IT gains £2m funding
Sheffield-based tech firm Azzure IT has received £2m from the Northern Powerhouse Investment Fund to continue its growth.
Azzure IT helps organisations across the UK to improve their productivity and enhance growth by using smart business applications in the form of Microsoft Dynamic Solutions.
The funding will allow the business to strengthen its management team, recruit additional implementation consultants and expand sales and marketing operations. Overall this will create around 12 new jobs over the year ahead.
Founded in 2011 by Craig and Sharon Such, Azzure IT has achieved significant growth over the years and now employs 57 people.
Will Clark, joint fund manager of NPIF - Mercia Equity Finance, said: "Azzure IT's success is due to its focus on service, quality and the ability to deliver real-world solutions to meet its clients’ challenges.
"Founded in the last economic downturn, the company itself used technology to take on emerging market challenges and to thrive and grow. Its goal is to support other growing businesses to achieve digital transformation. The funding will allow the business to scale up to meet growing demand and create 12 new jobs in Yorkshire."
British Business Bank MD Ken Cooper added: "This deal, which is the largest to date, highlights the range of support provided by our fund managers and demonstrates the existence of potentially world beating companies in Sheffield. The fund will be supporting many other similar opportunities across the Northern Powerhouse region."
Neil MacDonald of the Sheffield City Region Local Enterprise Partnership (LEP) said: "This sort of project is exactly why we’ve invested in NPIF and the British Business Bank. This is all part of our wider package of funding to support business across the Sheffield City Region.
"The 'let's get it done’ work-ethic in Sheffield City Region harnesses drive and ambition. With everyone pulling together, and a significant sense of community, we are achieving transformation and building a thriving economy. This is helping to attract, retain and develop skills in the region which are so important for the SCR’s sustainable growth."
Azzure IT is ranked 29th in the Northern Tech 100 league. The company has also been listed in the Deloitte Tech Fast500 EMEA over the past three years and was recently recognised in the Financial Times 1000 list of the fastest growing companies in Europe.
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