Datascope Systems, a leading provider of software and hardware solutions to the global construction sector, has secured a multi-million pound investment from one of the largest and most experienced growth capital investors in the UK and Ireland.
Founded by Adrian Butt, the Chester-based company has established a strong reputation for developing construction site management solutions that drive efficiencies. These solutions enable site managers, planners, and contractors to digitally manage site attendance, logistics, permits, and project planning while ensuring contractors comply with safety and regulatory obligations. The funding will enable the business to accelerate its ambitious growth strategy in the UK and internationally across infrastructure, residential, and commercial markets.
Adrian Butt, CEO at Datascope Systems, commented on the deal: “In the last 20 years, we have grown from a construction site hardware business to a fast-growth SaaS company with four core product areas designed specifically to drive efficiencies across global, multi-billion-pound organisations. Our aim is to quickly expand our international footprint in territories such as the US, the Middle East, mainland Europe, and the Far East, while continuing to invest heavily in new product development and increasing our sales capabilities. In order to achieve these aims, we need an investment partner with excellent sector credentials and an appetite to support our growth ambitions over the long-term. In BGF we have found that partner.”
The deal was led by Pinesh Mehta, Josh Bean, and Elle Swire, who are investors in the Manchester team. As part of the investment, Geoffrey Finlay will join the board as non-executive chair. Geoffrey is a highly successful and award-winning chair and former CEO of FTSE, NASDAQ, and PE-backed technology companies, including Logistyx Technologies and Navitas. BGF Investor Pinesh Mehta added: “Datascope is an exciting and dynamic technology business, which has all the ingredients to achieve substantial growth, with a highly ambitious senior leadership team, a strong core product offering, and a sizeable addressable market. When you combine these with BGF’s track record of helping tech businesses scale at pace, then you have all the hallmarks of a successful relationship.”
Advisers on the deal included various legal, tax, and financial experts. The firms involved advised both the company and the shareholders, ensuring a robust and compliant investment process.
This significant investment marks a pivotal moment for Datascope Systems, enabling it to advance its technology and expand its reach in multiple international markets.
