Zytronic, the North East tech firm renowned for its touch screen technology, is on the brink of a significant change. The company is actively seeking a buyer to secure the future of its business and safeguard jobs. However, the possibility of a complete closure has not been entirely ruled out. The Blaydon-based manufacturer, which supplies […]

IT managed service provider, ITC Service, has secured a  £7m investment from BGF to accelerate its growth and acquisition strategy. Founded in 2016, ITC Service has since established itself as a trusted partner to over 400 SMEs across the North East, delivering a comprehensive range of IT services, including managed IT support, cybersecurity, cloud solutions […]

Teltonika, a global technology company, has chosen Manchester as the location for its first UK headquarters. The Lithuanian firm, which specialises in IoT devices and solutions, will occupy a space in Building 8 at Exchange Quay. Ciarán Harkin, chief executive at Teltonika UK, said: “We are an ambitious business with a high desire to grow our […]

CloudGuard is the latest North West tech firm to benefit from the Northern Powerhouse Investment Fund. The Manchester-based cybersecurity start-up has secured multi-million-pound funding from NPIF II-Praetura Equity Finance, managed by Praetura Ventures. The investment will enable CloudGuard to create up to 20 new cybersecurity jobs over the next year. The company plans to use […]

Lancashire’s Claritel, a leading provider of telecoms services, has strengthened its position in the market with the acquisition of Burnley IT technology firm, J2 Technology Ltd. The strategic move will enable Claritel to offer a broader range of IT services to its customers, including network solutions, cybersecurity, and cloud services. Jay Motorwala, founder of Claritel, […]

A new survey by Apricorn, a Manchester-based provider of hardware encryption solutions, has revealed a significant surge in UK organisations adopting robust data encryption policies. Almost half of businesses now mandate encryption for all data, both at rest and in transit, reflecting a growing awareness of the critical role encryption plays in safeguarding sensitive information. […]

Mindtech Global, a Sheffield company that works in the field of synthetic data for AI vision systems, has successfully secured £4.4 million in a funding round led by Edge, with participation from Mercia Ventures. The investment, sourced from Mercia’s own funds and the Northern Powerhouse Investment Fund, will allow Mindtech Global to further develop its […]

Xentra, a rapidly expanding cybersecurity company based in Leeds, has secured a substantial six-figure loan from NPIF II – Mercia Debt Finance, managed by Mercia as part of the Northern Powerhouse Investment Fund II (NPIF II). Xentra offers a comprehensive range of digital security solutions to clients across various sectors, including Leeds United FC, Leeds […]

Precursor Technology Group, a leading cyber security firm, is continuing to expand its presence in the North East with the support of a six-figure investment. The company, which offers a comprehensive range of cyber security services including cloud security, continuous security testing, and backup, established a security operations centre in Newcastle earlier this year, creating […]

Cheshire-based security software provider, PortSwigger, has announced a £8 million dividend payout following a strong financial performance. The company, which has a global client base including major corporations like Barclays and Amazon, saw its turnover increase by 21% to £35.9 million in the year ending 31 December 2023. Despite a slight drop in post-tax profit from […]

Middlesbrough has cemented itself as the leading tech hub outside of London, according to the latest 2024 UK Tech Jobs Report by Eskimoz. Ranking sixth overall in the nation, with a strong score of 80.07, Middlesbrough is recognised as the fastest-growing tech destination in the UK, reinforcing its position as a key player in the country’s rapidly expanding […]

Stockport is poised to become a hub for the UK’s digital and technology sectors as Kao Data, a leading developer and operator of advanced data centres, has commenced construction of its new £350 million facility in Reddish. This marks a significant expansion for Kao Data, as it will be the company’s first data centre outside […]

Opencast, one of the North East’s fastest-growing tech firms with an office in Newcastle and virtual hubs in Manchester and Leeds, has reported revenues approaching £50m during what it described as a “year of consolidation”. The company’s accounts for 2023 show turnover rising 38% from £36.3m to £49.9m. However, operating profit dipped slightly after the company […]

Castleford-based Cammax has been acquired by Canadian transport technology group Modaxo. Cammax, which manufactures self-service  touch screen ticketing machines commonly used in car parks, public transport stations and by the NHS, is now part of the Ontario-based group that owns a portfolio of transport software companies worldwide. Although the financial terms of the deal remain […]

Spinout investment firm Northern Gritstone, founded by the universities of Leeds, Manchester and Sheffield, is set to welcome external investors from the second half of next year, as it seeks to expand funding for its portfolio of spinouts beyond Series A. The firm, whose shareholders currently include blue-chip companies and pension funds, will shift to […]