5 Sep 2016
We are pleased to announce the completion of a six-figure funding round with equity investors Finance Wales.
The investment will create 25 jobs over the next three years and allow Hudman to continue with the success we have already enjoyed in the UK SME market.
The new appointments will add to our existing team of software developers and sales consultants, with further additions to the sales and marketing team planned for later in the year.
Paul Driscoll, commercial director, said: “This significant investment from Finance Wales has allowed us to bolster our team and means we can strategically plot our growth over the next two years, as well as adding a further 18 employees by 2019.
“Our immediate priority is to promote our award winning Enterprise Resource Planning software as an affordable alternative to existing software packages that have traditionally cost businesses tens of thousands of pounds every year.
“We can offer the same levels of service at a fraction of the cost, making our product an ideal alternative for small to medium-sized businesses who want to work smarter and more effectively.”
Dr Philip Barnes, the Finance Wales investment executive who structured the deal, said: “Hudman have developed an impressive client base for their software-as-a-service products and we are pleased to offer the investment required to support their continued growth.
“Their cloud software and ongoing customer support is revolutionising the way businesses think about their software systems. They are able to offer a cost-effective alternative to systems that may previously have cost hundreds of thousands of pounds up front.”
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