In a significant development for the tech industry, an Edinburgh-based company is set to create 50 new jobs. This expansion comes as part of a strategic growth initiative.
Backed by a substantial private equity investment, the company aims to strengthen its presence in the industry. The move is expected to significantly enhance its operational capabilities and extend its market reach.
Hutchinson Networks, a fast-growing technology company, has announced plans to expand its workforce by creating 50 new jobs. This initiative follows a significant £2.2 million growth capital investment from funds advised by YFM Equity Partners. The substantial financial backing will enable the firm to recruit additional technology staff over the next two years, ensuring enhanced service delivery to its clients.
The company’s shift towards cloud-based services is a strategic response to industry trends. Stephen Heslop, co-founder and COO, emphasised the opportunities this shift presents for business growth and expansion.
The move by Hutchinson Networks supports the ongoing development of the tech landscape, providing employment and advancing technological capabilities across the region.
Nigel Owens, investment director at YFM, lauded the firm’s management team for their dedication and strategic foresight, which have driven the company’s strong performance and expansion plans.
Furthermore, legal advice from Addleshaw Goddard LLP, coupled with due diligence by Johnston Carmichael and Megabuyte, and organisational insights by Stratton HR, ensured a robust foundation for growth.
Ultimately, this expansion reinforces Edinburgh’s status as a burgeoning centre for technological innovation and business growth.
With strategic investments and a solid team, the firm is well-positioned to lead advances in technology infrastructure.
In conclusion, Hutchinson Networks’ expansion marks an exciting era for the company, promising growth and innovation.
The strategic investment and planned job creation are set to fortify their role as a leader in technology solutions.