DIGIT Deal Roundup: September 2019

DIGIT Deal Roundup September

DIGIT’s Deal Roundup column for September 2019 features new partnerships and funding from companies such as CodeClan, Spire Global, Boundary Technologies and ProFactor Pharma.

Acquisitions

DeltaDNA

Mark Robinson CEO of deltaDNAScottish web-based company, DeltaDNA, has been bought by San Francisco-based video game software development company, Unity Technologies for an undisclosed sum. Under the terms and conditions of the acquisition, DeltaDNA will continue to operate as a separate entity, providing analytics, player management tools and ‘live ops’ to developers on a global basis. The Scottish firm said the acquisition would enable greater integration between the company’s tools and the increasingly ubiquitous games platform.

Ingrid Lestiyo, general manager, monetisation, Unity Technologies, said that the “acquisition of deltaDNA builds on Unity’s commitment to enabling developer success at all stages of the game life cycle, from creation onwards. DeltaDNA helps developers deeply understand their players, optimise their games and increase revenue. We’re excited to welcome deltaDNA into the Unity family, and to extend the reach of their real-time engagement capabilities to creators around the world.”

Mark Robinson, CEO and founder, deltaDNA, said: “Operating your game just got a whole lot better. DeltaDNA and Unity have always worked well together, but the possibility of a fully integrated workflow is a game-changer for everyone involved.

“By joining Unity, current deltaDNA users will continue to receive tailored support, now with the backing of mobile gaming’s most successful engine, and Unity’s developers will have more seamless access to our advanced analytics and engagement tools.”

Want to find out more? Read the original article here.


Funding

Boundary Technologies

Boundary TechnologiesScottish home security tech specialist, Boundary Technologies, has secured an investment of £1.22 million from Equity Gap and the Scottish Investment Bank (SIB).

The company said it will use the investment to create several new jobs in software development, customer support and marketing, which will be based within the firm’s new offices located at WeWork in Edinburgh city centre.

The funding will also go toward the launch of its innovate smart home security alarm by enabling the firm to finalise its product and meet its official commercial launch date in 2020.

Robin Knox, co-founder and CEO of Boundary, said: “We are absolutely delighted to have received funding support from Equity Gap and the Scottish Investment Bank. This has come at a crucial time as we move towards our official launch next year.

“We are always eager to support Scotland’s thriving tech scene and this cash injection will enable us to do just that by creating numerous tech roles in Edinburgh. We fully believe that our accessible, affordable smart home alarm will make waves within the UK’s home security market.”

Fraser Lusty, Director at Equity Gap, said: “Equity Gap are delighted to be investing in Boundary. We have known Robin and Paul for some time and of their previous successes. They have developed a consumer-focused, digitally smart next-generation security system and business model for a market ripe for disruption. Their customer acquisition and service skills are a big factor in our involvement and we look forward to working with the team through the launch phase.”

Want to find out more? Read the original article here.


Desana

Desana appThe London and Edinburgh-based startup has closed a seed round of £550,000 with Techstart Ventures. Due to launch later this year, the company will provide its subscribers with flexible access to a UK-wide network of workspaces. Desana said it will be the first UK-based platform designed to give organisations and individuals by-the-hour access to a quality network of co-working workplaces.

The company plans to use the investment to grow its existing network of venues and start the process of positioning the network overseas. Mark Hogarth, of TechStart Ventures, said: “We were delighted to support the Desana team with their recent seed round. The upcoming launch of the Desana platform is just a first step towards enabling a radical change in how organisations and people interact with their workplaces.”

The company is currently running a limited early access offer – where those who sign up now will benefit from free credits and a lifetime discount.

Want to find out more? Read the original article here.


Scotland’s Digital Health and Care Institute

The Scottish Funding Council, and the Scottish Government Health and Social Care Directorate, are investing £10 million in Scotland’s Digital Health and Care Institute (DHCI) to help boost digital innovation in healthcare.

The funding will be used to continue a number of projects that seek to harness the potential of data and technology in healthcare. Digital Health & Care Institute CEO, professor George Crooks OBE, said: “I welcome the decision by the Scottish Funding Council and Scottish Government to continue to invest in the DHCI.

“Scotland is recognised as being an international leader in digital health and care innovation, which not only benefits the people of Scotland by securing new and improved health and care services that are fit for the future, but benefits the economy of Scotland by creating opportunities for Scottish businesses and generates inward investment into our country.”

Further and Higher Education Minister, Richard Lochhead, said: “This funding of up to £10 million will help further the vital work of the Digital Health and Care Institute to harness data and technology, with benefits for people all over the world.

“By creating and fostering links between academia, public services and industry, we can drive progress towards Scotland’s national aims as well as the UN Sustainable Development Goals.”

Scottish Funding Council CEO, Karen Watt, said: “The Digital Health and Care Institute is unique in its ability to bring together world-leading industry and academic expertise and direct their efforts towards real-world challenges in caring for people’s health and wellbeing.

“It has an outstanding record of finding the right partners, supporting collaboration and being genuinely innovative.”

Want to find out more? Read the original article here.


EedenBull

EedenBullNorwegian fintech EedenBull has launched a new technology hub in Edinburgh following a £225,000 funding grant from Scottish Enterprise.

Not only will the funding enable the expansion, it will also allow the company to create 20 new jobs and support the development of the firm’s products and services. EedenBull is headquartered in Oslo but has a presence in London, Dubai and Singapore.

Speaking of the move, co-founder and CEO Nicki Bisgaard said EedenBull chose Edinburgh due to its growing fintech sector, as well as access to talent.

He said: “New regulations, new technologies and new players are forever changing the way consumers and businesses think about payments. At EedenBull we want to drive change and develop new and innovative payment services.

“After very careful consideration we chose Edinburgh as our global technology hub. Access to talent, a thriving fintech scene and governmental support made that an easy decision.”

Scottish Enterprise worked in partnership with FinTech Scotland to attract EedenBull to Scotland. FinTech Scotland CEO Stephen Ingledew said: “EedenBull is leading the way in making life easier for customers through their innovative fintech solutions, and we are delighted to welcome this world-leading team to the FinTech community in Scotland.”

Want to find out more? Read the original article here.


Glasgow Council 

Glasgow Hydrogen GrittersGlasgow City Council has been awarded more than £800,000 in funding to convert 23 winter gritters to duel-fuel hydrogen.

By early next year, Glasgow residents can expect to see the larger vehicles operating throughout the city. The funding, awarded by Transport Scotland’s Switched on Fleets Fund, marks a significant step for the council’s ambition for a zero-emissions vehicle fleet. The strategy aims to ensure all of the council’s 2,000 vehicles are emission-free by the end of 2029 and to see the introduction of electric and hydrogen-powered vehicles to deliver crucial city services by 2030.

Councillor Anna Richardson, city convener for sustainability and carbon reduction, said the new Fleet Strategy underlines the council’s desire to lead the way in regards to eco-friendly services.

She said: “To tackle carbon reduction in Glasgow effectively, it is essential the council gets its own house in order. Both transport providers and environmental campaigners are looking to the council to take a lead toward carbon neutrality for our fleet.

“Electric vehicle technology is evolving rapidly and will be able to support a wide range of tasks undertaken by our vehicles. But the green technology for heavier vehicles is still emerging so we have the opportunity to influence the market for ourselves and other major transport providers.”

Want to find out more? Read the original article here.


ProFactor Pharma

Scottish Biotech CompanyScottish biotech company ProFactor Pharma (PFP) has secured a cash boost of £2 million as part of a funding round led by Kelvin Capital and the Scottish Investment Bank (SID). PFP plans to use the funding boost to further develop its pioneering treatment for ‘Haemophilia A’ blood disease.

The funding will also be used for process optimisation and toxicology studies to enter clinical trials after 12 months as it continues to develop low-cost recombinant human factor VIII (rhFVIII) for the treatment of the blood disease.

John McNicol, of Kelvin Capital, said: “ProFactor Pharma is set to disrupt a market with lower cost and higher quality treatments for 400,000 sufferers of Haemophilia A across the world.

“Current manufacturers only supply 30% of the market with a higher cost treatment so the opportunity for PFP is really significant and runs into billions of dollars. The disease affects one in 5,000 male births, which also means that the number of patients requiring treatment is growing annually.”

Kerry Sharp, director, Scottish Investment Bank, added: “We are delighted to continue our support for ProFactor Pharma. Clearly, there is a substantial global market for the company’s product and this phase of its development puts it on a pathway to full commercialisation.”

Want to find out more? Read the original article here.


Spire Global

A satellite in space highlighting the UK's growing space sector.Scottish Enterprise has awarded Glasgow-based satellite company Spire Global £14.7 million in funding – one of the largest funding packages ever awarded by the organisation.

The funding includes a £6.7m Regional Selective Assistance award from Scottish Enterprise and an £8m commercial convertible loan note from the economic agency’s investment arm, the Scottish Investment Bank.

The company will use the investment to facilitate its move into new 40,000sq ft premises at Glasgow’s Skypark facility, and will expand its staff from 60 to 320 over the next five years. The planned expansion will also focus on satellite platform development, satellite payload development, constellation software development and product software development and data science.

Charlie Smith, MD, International Development, Strategy and Technology at Scottish Enterprise, said: “This total support package of almost £15m for Spire Global underscores our commitment to make Scotland Europe’s leading space nation. Spire Global’s expansion plans for Glasgow are incredibly exciting and will provide a huge boost to the Scottish economy. Scottish Enterprise looks forward to continuing to work in partnership with Spire Global as the company significantly enhances its presence in Glasgow.”

First Minister Nicola Sturgeon, who made the funding announcement, said: “This £14.7 million investment will help Spire Global develop its infrastructure and technologies, which in turn will create dozens of high-tech and highly skilled jobs and training opportunities in Scotland’s space sector.

“Spire Global’s expansion sends a strong message that even in these uncertain times, Scotland remains open for business and has the potential to be Europe’s leading space nation.”

Want to find out more? Read the original article here.


Contracts

thinkWhere

thinkWhere planning applicationthinkWhere, a Stirling-based geographic data specialist, has been awarded a Scottish Government contract to create an online mapping service aimed at supporting the planning and building application process.

The new service enables planning applicants to create and purchase customised maps to submit with planning and building applications based on detailed Ordnance Survey mapping.

To deliver the new service, the Stirling-based firm announced it has extended the capabilities of its existing online shop, mapTrunk, which offers a service for purchasing large scale Ordnance Survey maps as digital data extracts for use in computer mapping.

“This is an important contract, not only for thinkWhere, but also for the future of planning and building services in Scotland,” said Alan Moore, CEO at thinkWhere. “Working with the Scottish Government, we can place geographic information at the heart of the planning process where it truly belongs.”

Moore added that the introduction of the service will make accurate and up-to-date maps an “integral part” of every development, which could enable fast and more-informed decision making.

Want to find out more? Read the original article here.


Expansions

Cinos

Cinos Edinburgh OfficeSpecialist provider of integrated audio-visual and communication solutions, Cinos, has announced the launch of its Edinburgh office.

The Edinburgh site is the company’s eighth location – Cinos already has offices in London, Ireland, Singapore and the Midlands. The company hopes the move will help fuel job creation and provide increased flexibility to the services Cinos delivers to clients across the healthcare, manufacturing, financial and public sectors.

Commenting on the announcement, Steve Franklin, executive director at Cinos, said: “As the demand for audio-visual and unified communications technology continues to increase, we recognised Edinburgh as a key location to open our first local office to better engage with our Scottish customers.

“We’re proud to have created a number of positions so far in the Scottish market and have exciting plans for our future growth. Additionally, our offices in England, North America and Asia mean we are well-positioned to deliver services both on a local and global scale.”

Want to find out more? Read the original article here.


JPMorgan Chase 

JPMorgan Chase GlasgowJPMorgan Chase has announced its plans to build a state-of-the-art technology hub in Glasgow.

The expansion will allow the company to expand further into the city and give it the capacity to house up to 2,700 employees. Construction is scheduled to begin early next year with the company aiming to have the building opened by 2022. In a statement, the firm said the development will include a number of “sustainability-focused features”, such as efficient LED lights, responsibly sourced materials and minimised water consumption.

Lori Beer, global CIO at JPMorgan Chase, commented: “This investment is just the next step in our unwavering commitment to the city of Glasgow. We have enjoyed 20 years of success in the city and this has helped build our global reputation of technology innovation for our clients. JPMorgan Chase is proud to have a site as dynamic as Glasgow, which is testament to the expertise and hard work of our employees there.”

The bank currently employs around 2,000 people in Glasgow and is the largest technology employer and recruiter in Scotland. It also takes in around 130 interns and 80-90 graduates each year.

First Minister Nicola Sturgeon said: “I welcome JPMorgan Chase’s continued investment in Scotland through the building of these new and sustainable Glasgow headquarters.”

Want to find out more? Read the original article here.


Partnerships

CAE Technology Services 

IT infrastructure solutions provider, CAE Technology Services, has partnered with purpose-built datacentre DataVita. It is also the first facility in the UK to be Tier III certified for both design and construction.

DataVita MD Danny Quinn said: “Given the sensitive nature of data held in the public sector, as well as regulatory requirements around its control, we have introduced a dedicated data hall, allowing public sector organisations to benefit from a number of unique, advanced controls.

“This will support secure and seamless collaboration between departments while achieving maximum efficiencies for our customers. DataVita is excited to partner with a multi-award-winning solution provider CAE technology services on this framework.”


CodeClan

Melinda Mathews Clarkson

Scotland’s national digital skills academy has teamed up with recruiter Eden Scott to create a new career pipeline for CodeClan graduates.

The partnership creates a complete career channel for graduates, extending the academy’s support across multiple roles and helping them to forge a long-term career in Scotland’s rapidly evolving digital economy.

Graduates who have not found their ideal role within CodeClan’s growing partner programme after six months, will be able to join Eden Scott’s recruitment service, which opens up an extensive network of employers and roles across the country.

Alumni who are looking for a new role will also now be able to access Eden Scott’s services to help them progress their career and retain their growing experience within Scotland.

Melinda Matthews-Clarkson, CEO of CodeClan, said: “This strategic partnership aligns Eden Scott’s experience and expertise with CodeClan’s ongoing growth and enables us to build out our offering, to make our service to Scotland’s digital future even more valuable.”

In addition to this new partnership, CodeClan Highlands has also named its first industry partners, for its Highlands campus. Tuminds, Yellow Cherry Digital, Lugo IT, Quarch Technology, Scottish National Heritage, the University of the Highland and the Islands, Teclan, Cap Gemini and Football Pools have all joined the partners programme and will have early access to students studying with CodeClan Highlands.

They will also be able to access CodeClan’s growing calendar of industry events, make use of the organisation’s Inverness venue at Wasps Creative Academy on the site of the former Inverness Royal Academy.

Matthews-Clarkson said: “CodeClan’s partners are a large part of our success to date. They give us insight into the evolution of their industries, the changing nature of their challenges and how our graduates fit into their corporate culture.

“We’re absolutely delighted to welcome our first dedicated Highlands partners on-board. They demonstrate the incredible diversity and range of sectors and businesses in the region. We can’t wait to introduce them to our students and help them understand the incredible opportunities available throughout the north of Scotland.”

Want to find out more? Read the original article here.


arbnco

arbncoGlasgow-based building performance tech company, arbnco, has announced it will be working with Leeds and York Council to research ways its technology can improve social housing.

The work will be carried out in collaboration with the project’s academic partner, the Mackintosh Environmental Research Unit at the Glasgow School of Art. The purpose of the project is to help tenants make positive environmental changes and provide the councils with real-time information to assist with property management and the provision of better quality accommodation.

arbnco is one of five organisations that will lead a feasibility study into how technology can be applied to improve living conditions. arbnco will explore how the sensor technology it currently provides to the commercial and public sector real estate market could be adapted for use in domestic properties.

Simon West, co-founder and director at arbnco, said: “We’re really excited to be part of this pioneering R&D project with Leeds and York city councils. Where councils have adopted indoor environment technology in their housing stock previously, the motivation for doing so has often centred purely around property management. This project has the health and wellbeing of tenants firmly at the heart of it.

“Air quality is rapidly becoming one of the biggest societal concerns of our time. The impact of projects like this one could be critical in helping to reduce the harmful effects that can be generated from the indoor environment, and could help to alleviate strain on our health and social care systems.”

Want to find out more? Read the original article here.


TechForce

TheTechForceAberdeen-based cybersecurity specialist TechForce has sold its managed IT services portfolio to Solab for an undisclosed sum.

The deal marks the beginning of a new strategic direction for TechForce, which was awarded a place on the highly competitive G-Cloud 11 framework, the Government’s cloud and IT services procurement platform. The company said it will now target further UK market growth and believes the sale will enable it to concentrate exclusively on its primary offering.

The two businesses will share intelligence on a variety of key industry segments, including oil and gas, and have agreed to collaborate on certain projects that will unlock new markets. By cementing its niche position, The TechForce, which has also relocated to the Balmoral Hub, Wellington Circle, expects that this increased focus on cybersecurity will strengthen its position in key areas such as energy, finance and the public sector.

Jai Aenugu, managing director at The TechForce, said: “We have taken the decision to pivot the company and focus exclusively on our cybersecurity services and training to better serve clients across the country.

“I’m pleased to have reached this agreement with Solab and welcome the opportunity to complement each other’s respective service offerings, which will ultimately benefit customers across the north-east and the rest of the UK.”

Want to find out more? Read the original article here.



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18th October 2019

DIGIT Tech News Roundup: 18th of October 2019