BIRMINGHAM, UK, Corso has received a 350,000 pound venture capital investment to develop its business software consulting business.
A company which provides software and specialist consulting services has secured almost 350,000 pound investment from venture capital firm Midven.
Corso UK Ltd is based in Leamington Spa and has also recently opened a new development office at The Custard Factory in Birmingham.
The company specialises in 'enterprise architecture' - a blueprint for an organisation and its processes - which enables large companies to transform their businesses. Corso provides a suite of products and services that helps its clients to manage the different stages of large transformation projects.
The investment, through Midven's Exceed Fund, will enable Corso to grow its development team, as well as expand its ability to deliver new software products and add-ons around strategic planning.
Chief executive Martin Owen said the additional presence in Birmingham was a logical move as the company continued to grow rapidly.
'Whilst Leamington will remain a centre for sales and marketing, a development office located in the heart of the UK will help Corso recruit from around the country. Birmingham gives us great access to the city's talent pool and places us at the cultural and innovation hub of the city,' said Mr Owen.
'The timing for the investment is perfect - we have developed versatile software that is capable of satisfying the most robust demands of the strategic IT planning process, and we need to grow our team and our products to continue our expansion.'
Mr Owen, who formerly spent three and a half years at IBM managing their product portfolio of global software products, formed the company in 2011 to create software for the mid-sized market and to 'plug the gap' within the enterprise architecture sector.
John Slaughter, investment manager at Midven, said: 'This funding will enhance Corso's ability to establish itself further in the marketplace and continue attracting interest from a number of blue-chip customers. The strong management team, the expansion in its range of software and the implementation of its ambitious plans continues to make Corso an attractive proposition.'
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