Sunderland software developer receives £100k funding to upgrade client base
A North East software developer has announced that it is aiming to more than double its client base following a six-figure investment.
Mesma, based in Sunderland, has received the £100k funding from the North East Small Loan Fund supported by the European Regional Development Fund.
The business, which has reported that its insightQ application is already being used by around 400 institutions, is now looking to grow its client base to more than one thousand organisations within the next three years.
Louise Doyle, co-founder, commented: “In normal times, we spend a lot of time travelling round the country to see clients, but when this no longer became possible due to the pandemic, we’ve had the time to review our strategic development needs and focus on where we want the business to go.
“We’re improving our product development cycle by investing in additional software architecture, data analytics and AI capabilities with a view to becoming a comprehensive one-stop shop for quality assurance and improvement needs in our chosen markets.
“We know that there are many more opportunities out there for the services we provide, and we’re confident that allying enhanced product, operational and business development resources will enable us to meet the challenging targets we’ve set ourselves.
“Scaling up is an essential part of providing the opportunities that we want to offer to young people within our own business, a process which has a great deal of synergy with the sectors within which we work.
“The NEL team asked the right question about our development plans and their support for our business plan has given us even greater belief that we’re on the right track.”