Mobile App Agencies use Kumulos Limited to save money building apps and more importantly make money, Monthly, when the Apps are live.
DC Consulting were delighted to assist the company in securing growth investment for the company.
More information can be here.
Scottish headquartered IT consultancy Exception acquires mobile app firm Waracle in seven figure deal
One of the country’s leading IT consultancy and services companies, Exception has announced that Dundee based firm Waracle is joining the group in a seven figure deal.
Edinburgh based Exception, which was founded in 2002, specialises in delivering long term IT and programmes for clients in the financial services and government and utilities sectors as well as the police.
Waracle is one of the UK’s top mobile apps development companies and this investment highlights the importance of mobility in transforming today’s business environment for Exception’s customers.
Commenting on the deal, Exception Chairman Martin Burke, says the investment in Waracle is vital for the aspirations of the rapidly growing firm over the coming years.
“Waracle brings a wealth of cutting-edge software engineering knowledge, talent and experience to our business. The world of mobility has changed how we work, live and play and our investment in Waracle will allow us to offer our customers a complete digital and mobile solution.”
Chris Martin, CEO of Waracle sees the partnership with Exception as recognition of the growth of the mobile market, but also a reflection of the company’s growth of its customer base in the mobile market. “Waracle is about mobile software, rapid build and data-driven optimisation for mobile apps. Mobile devices can collect valuable data efficiently, which can be used to improve people’s health, finances and working lives.”
“We are really proud of the innovative work we do and we enjoy the positive impact it can make. Exception’s bigger footprint will allow us to expand our services more quickly in growth areas and bring agile thinking to Exception’s existing clients.”
Waracle will continue to trade as it does today and has plans to expand its workforce in Dundee and other bases to work alongside Exception which has more than 250 people working from bases in Edinburgh, Glasgow, Manchester and London.
Working with one of our clients involved in software development, we have secured a significant refund of tax under the R&D tax credit legislation.
Further information on our services with regard R&D tax relief can be found by clicking here or please get in touch to arrange an introductory discussion.
Lead advisers to Azure Investments in respect of the acquisition of Elliot Henderson Limited, one of the leading independent timber-harvesting businesses in the UK with a fleet of over 60 machines and capacity to harvest in excess of 600,000 tonnes of timber annually.
The acquisition of this business provides the timber-harvesting operation of Azure with capacity to harvest in excess of 1.2 million tonnes of timber annually and provides operating synergies with its existing business, Dick Brothers Limited.
Calnex is the world-leader in test & measurement solutions to prove and monitor the performance and reliability of Ethernet synchronisation and OAM technologies – 1588v2, NTP, Sync-E, CES, E-OAM and MPLS-TP OAM.
Based in Linlithgow, Scotland – Calnex is managed by a team with exceptional technological expertise.
DC Consulting was delighted to assist the company in securing this grant award to further progress the company’s ethernet testing platform for 400Gbit/s.
DC Consulting recently completed the review of a client’s strategic financing needs which culminated in identifying and securing additional funding of £1m.
Orenda Energy Solutions Limited, a turbine manufacturer for the global medium distributed wind industry with locations in Ontario, Canada and Livingston, Scotland, has secured a £2 million deal for ten of its 51kw Skye “tilting tower” wind turbines with privately owned Italian investment fund, PentaEnergon
The Turbines will be located in Scotland and built in phased programme over the next six – twelve months, with Orenda Energy Solutions providing a complete turnkey solution including the developed sites, the wind turbine systems, installation, commissioning and on-going operation and maintenance.
Orenda Energy was advised by DC Consulting, one of Scotland’s leading independent corporate finance firms which specialises in sourcing emerging technology companies for investors.
Angus Hay, Director at DC Consulting commented;
“We are delighted to have supported Orenda in delivering an innovative venture capital solution to assist with the role out of their pioneering wind turbine products into the UK market. Given the complexity and changing goal posts facing the renewable energy market with government legislation, it is with great delight that DC Consulting can announce the completion of the deal in such a short timeframe.
For Orenda Energy Solutions, Steve McMahon, VP Sales & Marketing, added;
“Like many technology-based markets, the UK small-medium wind sector started with early adopters who wanted to own a wind turbine and potentially profit from this investment. Today, the UK market has evolved and customers are now seen as ‘pragmatic investors’ are looking for complete ‘plug and play’ solutions. However, these investment opportunities must meet very stringent due diligence requirements and financial hurdle rates.
“Orenda Energy recognises this market dynamic and we therefore developed a strategy to become a site developer as well as a wind turbine manufacturer so we are now in a position to serve this very demanding class of customer with a full turnkey and investible proposition and securing this deal fully underlines that we have strong validation in terms of our Skye wind turbine, our company and our far-reaching vision.”
Gerry Lalonde, CEO of Orenda Energy Solutions, claims that the purchase of the turbines is a sound proposition in terms of the Return on Investment and further broadens the scope of Orenda’s growing appeal and attractiveness.
He adds; “By brokering such cohesive partnerships such as this one, we are strengthening our involvement as the small/medium wind turbine manufacturer which consistently delivers the returns investors are looking for.
If you add in complete performance guarantee, plus an all risk insurance package including loss of income, we are simply demonstrating our belief in this as a ‘win-win’ investment.”
Work on the contract starts immediately, with preliminary excavation and developmental work commencing at three pre-consented sites – two in Aberdeenshire and one in the Western Isles – with other locations set to come on stream at the beginning of next year.
Other sites have been identified by Orenda Energy and are at various stages of the planning process.
About Orenda Energy Solutions:
Orenda Energy Solutions designs and manufactures fully integrated wind turbine systems for the rural segment of the small distributed wind industry. Orenda’s 51kW Skye™ wind turbine is the solution of choice for farmers, large acreage landowners, and wind park developers and investors.
See more at: www.orendaenergy.com
Working with one of our long standing clients, we have concluded negotiations with a debt finance provider to provide strategic growth capital to the company to fund it’s ongoing growth within the oil and gas services market.
A key part of this assignment was firstly the identification of the required level and type of funds for the company and then secondly on the identification and negotiation with the preferred funder.
DC Consulting has recently completed the identification of preferred funder and then the subsequent negotiation of bank finance to allow one of its long standing clients to acquire enlarged premises to continues its growth plans from.
As part of this funding, additional working capital was also secured.
Jon Fleming, owner of Mochridhe, created a specialist care service that allows those receiving care to have control, choice and opportunity.
In 2006, after receiving a grant of £5,000 from the Princes Trust, Jon established Mochridhe, with the goal; The people we support will have control, choice and opportunity and will get the support which is of the highest quality, is flexible and dynamic as they need and choose.
With limited start up resources, the company has achieved growth and has secured contracts across both companies, providing in excess of 3,200 care hours per week, secured revenues of around £2million and employing over 100 staff.
DC Consulting oversaw the deal in which secured a £550,000 investment from Kelvin Capital Angel Investment syndicate.
This investment allows Mochridhe Ltd to continue to improve and expand on the quality care the company provides. Investment such as this would help the company’s growth plans set out by DC Consulting and with the future potential of creating further jobs within the company.
DC Consulting were delighted to assist Mochridhe Ltd in closing the deal, in order to help fulfil the companies continuous ambition to expand their care facilities to other that need it.
