A North East technology consultancy is aiming to treble its workforce by creating 100 new jobs over the next three years after securing a six-figure North East Fund investment.
Seri枚s Group is a boutique data and test solutions provider which designs, delivers and manages bespoke solutions for large corporate clients and private sector enterprises which provide them with the insights they need to meet specific operational and commercial outcomes.
After working with regional fund management firm NEL Fund Managers to bring in the investment from the North East Growth Capital Fund – supported by the European Regional Development Fund – the Newcastle-headquartered business is now preparing to fully launch its own purpose-built data platform accelerator, Seri枚s One.
The new platform provides the foundations and capability to turn enterprise and Internet of Things telemetry data into business insights, analytics and solutions that meet specific client requirements.
Around 15 new jobs are expected to be created through 2024, with a further 85 to follow over the ensuing two years as the business grows.
Headquartered at Hoults Yard and with a subsidiary office in Glasgow, Seri枚s Group was set up at the start of 2020 and operates to a remote working hybrid model, with most of its expert team based around the North East.
It works across all industries, but has built up particular expertise in the commercial property and facilities management sectors through its work with data generated by 鈥榮mart鈥� buildings.
Seri枚s Group already has a strong presence right across the UK, and is now looking to add further major corporations to its impressive client portfolio.
The business also operates overseas and is aiming to scale up its international presence as part of its growth strategy.
Earlier this year, Seri枚s Group allocated 17.5% of its shares to its employees to give them a personal stake in the future success of the business.
NEL Fund Managers was recommended to the Seri枚s Group management team by the firm鈥檚 non-executive chairman, well-known regional entrepreneur Neil Stephenson.
鈥淟aunching the business at the start of the pandemic created a situation that we obviously weren鈥檛 expecting, but it helped to firmly establish that the remote delivery of our services worked extremely well and we鈥檝e maintained this working model ever since,鈥� said Lee Rorison, CEO and co-founder at Seri枚s Group.
鈥淲e work with clients to understand the outcomes that they want to get from our involvement and then design bespoke solutions that do precisely that for a fixed cost and in a shorter timescale than our competitors can provide without impacting quality.
鈥淭he new Seri枚s One platform helps businesses make data-driven decisions with an initial focus on energy efficiency and space utilisation to drive down costs, and we鈥檙e excited by the potential it has to make a substantial difference to our commercial performance.
鈥淭rebling the size of our workforce by creating 100 new jobs over the next three years is an ambitious target, but we鈥檙e extremely confident that we have the products, services and resources that we need to achieve it.
鈥淭he investment model that NEL offered and the speed at which it could be delivered fit perfectly with our need and we enjoyed a very positive relationship with the team from our very first conversation.鈥�
Jane Siddle, senior investment executive at NEL Fund Managers, added: 鈥淪eri枚s Group has made extremely impressive progress over a short period, with the value of the solutions and insights they provide being clear in the commercial success it is enjoying.
鈥淭he management team has a clear plan for growing even more quickly over the next three years and we鈥檙e very pleased to be part of it.鈥�
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