Azzure IT, based in Sheffield, has successfully secured a £2 million investment from the Northern Powerhouse Investment Fund. This substantial financial support aims to propel the company’s ambitious growth plans, enhancing its capabilities in the competitive tech industry.
Founded in 2011 by Craig and Sharon Such, Azzure IT has been pivotal in transforming businesses with their smart Microsoft Dynamics solutions. With this new investment, the company aims to broaden its reach and impact within the UK’s thriving tech landscape.
Strategic Investment and Expansion Plans
The £2 million funding injection from the Northern Powerhouse Investment Fund comes as a strategic move to boost Azzure IT’s growth. This capital will enable the tech company to strengthen its management team, expand its sales and marketing operations, and recruit additional implementation consultants. These enhancements are projected to create approximately 12 new jobs in the upcoming year.
Enhancing Service Quality
Azzure IT’s commitment lies in delivering exceptional service quality and practical solutions for businesses across the UK. The funding will provide the necessary resources to enhance their current offering and support their clients in achieving digital transformation.
By improving its service capabilities, Azzure IT is well-positioned to meet the increasing demand for its innovative solutions. This initiative is not only focused on technology but also on strengthening client relationships.
Foundational Growth Amidst Economic Challenges
During its early days, Azzure IT was established in a challenging economic environment. However, the company utilised technology to tackle emerging market challenges, thriving and expanding significantly.
Now recognised as a formidable player in the tech arena, the company’s initial focus on overcoming economic hurdles has paved the way for sustained growth and success over the years.
The company’s ongoing commitment to using technology to address business challenges underpins its strategy, ensuring it remains a leader in the transformation sector.
Community and Economic Impact
The investment not only contributes to Azzure IT’s growth but also strengthens the Sheffield City Region’s economy. Neil MacDonald from the Sheffield City Region Local Enterprise Partnership emphasised the project’s alignment with broader regional economic goals.
By fostering a collaborative environment, Sheffield is rapidly emerging as a hub for tech innovation. This project highlights community efforts to attract and retain vital skills for regional development.
Recognition and Industry Standing
Azzure IT’s industry recognition is well-documented, with the company ranking 29th in the Northern Tech 100 league. Such accolades underscore its reputation and influence within the tech sector.
The company has also been acknowledged in the Deloitte Tech Fast500 EMEA, marking its rapid growth trajectory. Achievements like these validate its robust business model and growth strategy.
The firm’s listing in the Financial Times 1000 echelons it as one of Europe’s fastest-growing companies, further enhancing its credibility.
Statements from Key Stakeholders
Will Clark, joint fund manager of NPIF – Mercia Equity Finance, highlights Azzure IT’s emphasis on service, quality, and meaningful solutions: “Azzure IT’s success is due to its focus on service, quality, and the ability to deliver real-world solutions to meet its clients’ challenges.”
British Business Bank MD Ken Cooper adds, “This deal, which is the largest to date, highlights the range of support provided by our fund managers and demonstrates the existence of potentially world-beating companies in Sheffield.”
Future Prospects
With this significant investment, Azzure IT is primed for a future filled with opportunities. The company’s forward-thinking approach ensures it will continue to be at the forefront of innovation.
The expansion plans signal a promising path ahead, fostering job creation and regional development in Yorkshire.
Azzure IT’s £2 million funding from the Northern Powerhouse Investment Fund signifies a pivotal moment in its expansion journey. By leveraging this investment, the company aims to enhance its service offerings and solidify its position in the tech industry.