North East SaaS Firm Secures Funding for Growth22/02/2021
Durham based software as a service (SaaS) firm, Intelligence Fusion, has secured £400,000 funding to continue its growth in the industry, with legal support from Mincoffs Solicitors.
The award winning firm, which provides software, products, consultancy, and training to help companies understand global threats to enable them to make better informed decisions, received investment from various sources including The Future Fund and Finance Durham Fund.
The investment will support the firm to enhance its service solution and expand its sales and marketing teams to diversify into new sectors and markets.
Michael McCabe, CEO of Intelligence Fusion, commented: “We are delighted to have secured £400,000 of investment to help support us on this next stage of growth. With Covid-19 we have witnessed great change globally, which is impacting the security landscape.”
“Intelligence Fusion has supported our clients through this period and helped them to mitigate emerging threats. With this investment we will deepen our technology to enhance our intelligence solution.”
Mincoffs Solicitors’ corporate team provided legal support to Intelligence Fusion on the investment. Corporate partner, John Nicholson commented: “We have worked with Intelligence Fusion over a number of years now and it was a pleasure to advise them on their most recent funding round. We look forward to seeing this next period of growth for the company and to working with the team again soon.”
Maven Capital Partners provided investment advice to Intelligence Fusion.