Chester-based DataScope Systems, a provider of software and hardware products to the global construction sector, said it has secured investment from growth capital investor BGF.
Founded by CEO Adrian Butt, DataScope has built a reputation for developing construction site management solutions which help to drive efficiencies, enabling site managers, planners and Tier One contractors to digitally manage site attendance, logistics, permits and project planning.
DataScope employs over 120 people and has live projects in 25 countries across five continents.
The deal was led by Pinesh Mehta, Josh Bean and Elle Swire, investors in BGF’s Manchester team. As part of the investment, industry veteran Geoffrey Finlay will join Datascope’s board as non-executive chair.
Butt said: “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 that have been specifically designed to help 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 at the same time 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, as well as an appetite to support our growth ambitions over the long term. In BGF, we have found that partner.”
Mehta of BGF said: “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.”