Scottish cloud tech developer receives £5m in backing

Native cloud platform specialist Forrit expands operations after receiving scale-up support from Scottish National Investment Bank.

The £5m funding will allow the Edinburgh-based tech developer to expand its workforce and target new markets.

Founded in 2014, Forrit is a developer of cloud-based content management system (CMS) software. Its cutting-edge platform is world-renowned for improving customer experience, ensuring a high level of online security, and enabling enterprise clients to more efficiently manage their cloud-based web properties. used by companies.

The bank’s backing will create 15 new skilled jobs to support Forrit’s expansion. The company will also strengthen its relationship with Microsoft as a “preferred solution” and trusted Microsoft partner.

Forrit CEO Peter Proud said: So far, we have self-financed our growth through client engagements, but we felt it was the right time to seek external funding to take Forrit to the next level. This investment from Scottish National Investment Bank will help us expand beyond Scotland into new markets both within the UK and abroad.

“We are very proud to have Scottish roots, so working with another Scottish organization is very important because both parties are focused on benefitting Scotland. We have ambitious plans and want to contribute to the success of the Scottish tech ecosystem.We are not only a provider of exemplary content management systems, but also As a company, we want to put more effort into this, and we look forward to seeing it grow even more as we expand both our company and our products, thanks to the investment of the bank.”

Scottish National Investment Bank was established to invest patient capital in businesses, projects and communities aligned with its mission. £97.9m of support has been provided to date, harnessing innovation and supporting the industries of the future. Investing in Forrit will help further develop Scotland’s technology ecosystem and enhance its global reputation for excellence in the field.

Jimmy Williamson, Executive Director of Innovation, Scottish National Investment Bank, said:

“With our investment, Forrit plans to create new high-value technology development jobs, create future-proof skills in the Scottish tech ecosystem, and export a differentiated proposition to our corporate clients around the world. can support

Forrit’s CMS system technology is closely aligned with our innovation mission and we look forward to working with Forrit to realize their ambitious growth plans. ”

Want to learn about cybersecurity and the cloud from industry leaders? Checkout CYBER SECURITY & CLOUD EXPO Held in Amsterdam, California and London. See other upcoming enterprise technology events and webinars from TechForge here.

tag: CMS, Edinburgh, Folit, Scotland

https://www.cloudcomputing-news.net/news/2023/apr/19/scottish-cloud-tech-developer-receives-5m-backing/ Scottish cloud tech developer receives £5m in backing

Show More
Back to top button