Wenso secure growth funding of £500K from the Northern Powerhouse Investment Fund!
Wenso is a one stop IT services and solutions company with
headquarters in Manchester, UK. Wenso also has a global presence
across multiple continents including Europe, North America,
Australia and Asia including the Middle East.
Wenso received £500K of funding from NPIF - FW
Capital Debt Finance managed by
FW Capital and part of the Northern Powerhouse
Investment Fund. This funding will support their next growth phase
by significantly increasing their team (already at 60 employees),
in turn servicing their extremely strong sales pipeline.
The management team at Wenso come from a
strong technology background bringing with them enormous experience
in a wide-ranging technology and business skills. Their clients
include Newell Brands, Safariland, TDA Capital, Institute of
Banking Studies, The Seimon and many others. They have strong
partnerships with Microsoft, Oracle, SAP and Salesforce. For more
information visit http://www.wenso.co.uk/.
Michael Berger, Corporate Finance
Manager at Hallidays who supported Wenso throughout the process
“Wenso develop strong partnerships with their
clients and are utilising the funds raised to continue to propel
their business forward into new territories. This was the second
round of growth funding we have advised on for the business and it
was a pleasure to support the Wenso team in securing this. They
will continue investing in their highly skilled team and service
the ever-growing client base whilst providing innovative IT
Mushtaq Mohammed, Founder &
Managing Director of Wenso, said:
“This funding enables the Wenso team to
further study, understand and analyse our clients’ complex
businesses. We then deploy next generation solutions and continuous
improvement of process frameworks which improves efficiency and
therefore contributes to business growth.
Hallidays have been exceptional from
inception. Michael Berger, their Corporate Finance Manager,
provided a great professional service in planning and executing.
Michael continues to work with us on our growth strategy”.
Andy Traynor, Senior Investment
Executive at FW Capital led on the deal said:
“Wenso have an extraordinary team of people
who are highly skilled and passionate about delivering an excellent
experience for their customers. They have a strong track record
across the whole of the IT sector and are well positioned to take
forward a number of excellent opportunities. We are happy to
support the company in this next phase of their growth
Working with professional advisers like
Hallidays can ease the investment process and ensure the money gets
to the customer in a timely manner.”
Sue Barnard, Senior Manager at British
Business Bank said:
“We are pleased to be able to support Wenso in
achieving its goal of further global expansion right from its base
here in Manchester. We look forward to watching this international
IT company grow its revenue and sales by boosting its team numbers
and reach through this NPIF investment.”
The Northern Powerhouse Investment Fund
project is supported financially by the European Union using
funding from the European Regional Development Fund (ERDF) as part
of the European Structural and Investment Funds Growth Programme
2014-2020 and the European Investment Bank.