Finance Wales continues support of KWR
Regional investor Finance Wales has injected £250,000 into software firm KWR Technologies Ltd (KWR).
Finance Wales has backed KWR twice in the past through the provision of loan facilities.
The equity investment will allow KWR subsidiary Accelero to develop and launch a new software tool named EnGenero.
Company
KWR is a software firm based in Bridgend. KWR's subsidiary, Accelero, is currently developing a new software tool named EnGenero, which reduces the time and cost of developing business software.
EnGenero was originally developed as an internal tool to speed up software development within the company, before extending the service to the wider market. The tool can aid the creation of applications for multiple platforms including Android, Blackberry, Apple and Microsoft Windows.
KWR employs 20 members of staff. The company's turnover in the 2012-13 financial year is predicted to grow by 100% compared to 2010 figures.
People
Ann Casey is an investment executive in Finance Wales' technology venture investments team.
More on UK / Ireland
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater