Shaping Cloud, a visionary digital transformation firm based in Manchester, has recently secured an impressive £1.4 million funding to enhance its cloud solutions for the public sector.
Founded in 2010 by Carlos Oliveira, the company is at the forefront of integrating innovative technology within governmental services, affirming its role as a catalyst for digital evolution.
Securing Significant Investment
Manchester’s Shaping Cloud has achieved a substantial milestone by securing £1.4 million in funding to bolster its operations and enhance its service offering. This investment will drive innovation within the company, allowing it to expand its cloud technology solutions tailored for public sector bodies. By integrating these funds, Shaping Cloud aims to advance its digital transformation initiatives, aligning with the evolving needs of its clientele.
Investment Breakdown
The funding comprises £750,000 from NPIF – Mercia Equity Finance, a considerable £500,000 contribution from the Greater Manchester Combined Authority, and an additional £150,000 from Shaping Cloud’s internal management. Each of these financial injections plays a crucial role in fortifying the company’s ability to innovate and sustain its competitive edge within the digital transformation landscape.
These investments underscore a robust confidence in Shaping Cloud’s potential to address the complex requirements of public sector partners, further facilitating the adoption of cloud-based solutions.
Company’s Mission and Clientele
Originally founded in 2010 by Carlos Oliveira, Shaping Cloud’s mission centres around making digital transformation a tangible reality for public sector organisations. Over the years, it has developed a robust portfolio of clients, including NHS Digital, Manchester City Council, Homes England, and major universities like Sheffield and Nottingham.
According to Oliveira, “With ambitious targets set out in the government’s transformation strategy and health and social care integration agenda, our experience and products, we believe, make us well placed to support these objectives.” The company’s strategic direction remains focused on enabling public bodies to seamlessly integrate cutting-edge digital services.
Planned Development and Growth
The newly secured funding will not only allow Shaping Cloud to innovate its existing cloud products but will also enable an enhancement of its sales and marketing strategies. This approach is projected to result in the creation of approximately 12 new job positions in the imminent future, reflecting the company’s commitment to fostering local talent.
By reinforcing its team, Shaping Cloud aims to become a prominent player among the innovative businesses within Manchester, all while contributing to the vibrant technological ecosystem of the region.
Expert Opinions on the Funding Impact
Will Clark of Mercia Fund Managers, which oversees the NPIF – Mercia Equity Finance, asserts that public sector organisations face unique challenges in implementing modern digital services. He emphasises that Shaping Cloud’s solutions deliver efficient and cost-effective front-end systems that mitigate these challenges.
Grant Peggie, director at the British Business Bank, also highlights the potential for these resources to spur growth, stating, “The business is in great shape, and this funding will only help it grow even further as it looks to bolster its headcount and develop new products.”
Advisory and Legal Support
Throughout the funding process, Shaping Cloud has been advised by Rupert Wingate Saul of FWS Advisory, ensuring a strategic alignment with its business objectives. The legal framework for the investment was secured by Jan Winstanley of Kuits, while the fund benefited from the expertise of Melanie Yeomans of Ward Hadaway based in Manchester.
This advisory and legal support was instrumental in navigating the complexities of securing multi-source investments, aiding Shaping Cloud in achieving its expansion goals with minimal friction.
Future Outlook for Shaping Cloud
Shaping Cloud is primed for growth, leveraging its recent financial boost to enhance its product line and expand its reach within the public sector. By continuing to prioritise innovation and client satisfaction, the company is set to play a pivotal role in the ongoing digital transformation of public services.
With this significant financial endorsement, Shaping Cloud is poised to reinforce its service offerings and catalyse digital advancements across public sector entities.
As it embarks on this promising chapter, the firm reinforces its commitment to innovation and regional growth.