£603k funding for firm behind police app
A company which develops mobile intelligence platforms for organisations including the police has secured more than £600,000 in funding from the Northern Powerhouse Investment Fund.
Cumbria-based Coeus Software has two main cloud-based products which aim to digitise operational procedures out in the field using mobile devices: the police-focused PoliceBox and workforce-oriented Quvo.
The £603,000 investment from NPIF – Maven Equity Finance, part of the Northern Powerhouse Investment Fund, will be used by Coeus Software to expand its operations by building its sales team and implementing a new sales and marketing strategy.
Co-founder and chief executive Simon Hall said: "This investment is perfectly timed to enable us to expand into a growing market as customers move over to Office 365 and the cloud.
“We are excited to grow our operations and provide fantastic new job opportunities in the North of England and develop our links with northern universities."
Coeus Software says its PoliceBox software, which works across a variety of device types both online and offline, allows mobile workers such as police officers, community nurses and social workers to deliver better services to citizens at a lower cost.
Jim Darlington, investment manager at Maven Capital Partners, added: "The company's offering is innovative and will allow users of the software to seamlessly increase their mobile workforce's productivity whilst saving time and money.
"Simon and Chris are experienced and dedicated with excellent contacts in the markets they are targeting and we look forward to working with them in driving the business forward."
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