£500k investment for Altrincham tech consultancy

Altrincham-based technology consultancy, Intec Business Solutions, has secured a £500,000 investment from NPIF – Maven Equity Finance to support the creation of more than 40 jobs.

Intec Business Solutions, founded in 2016, works with SMEs and business leaders to help them to identify and design technology business models.

It has built a network of mobile partners and provides specialist support services to their customers.

The funding from NPIF – Maven Equity Finance, part of the Northern Powerhouse Investment Fund, managed by Maven Capital Partners, will support the creation of more than 40 jobs and help the company to develop and grow its network.

Simon Howitt, chairman and managing director of Intec, said: “We are delighted to have NPIF as an equity partner. We are excited about what we can grow and achieve and from the first meetings with Maven, they fully understood our model and plan and have shown similar excitement. We have taken a concept, turned it into a plan and started to execute the plan. With Maven’s support, we are confident we can drive the plan faster and be even more ambitious.”

Dave Furlong, investment director at Maven, added: “Intec has developed a truly unique business model. The company’s route to market clearly differentiates the business from other consultancies in the tech sector and makes it such a compelling proposition for us as investors.

“This is a great example of a young but high potential business using NPIF funding to scale its business, and we look forward to working with the highly experienced and entrepreneurial Intec team to help them execute their ambitious plans for the business.”