Dow Schofield Watts’ technology team advised Azzure IT, one of the North’s fastest growing small tech firms, on its £2m fundraising from NPIF – Mercia Equity Finance, part of the Northern Powerhouse Investment Fund. The deal is the single largest investment by the Fund since its launch in February last year.
Sheffield-based Azzure IT helps organisations throughout the UK, ranging from SME’s to larger not for profit enterprises, to transform productivity and enhance growth by implementing the next generation of smart business applications in the form of Microsoft Dynamics solutions.
Founded in 2011, by Craig and Sharon Such, Azzure IT has achieved significant growth over the years and now employs 57 people. Azzure IT was one of the first UK software vendors to achieve the ISO 9001:2015 quality accreditation and is ranked 29th in the Northern Tech 100 league.
The company has also been listed in the Deloitte Tech Fast500 EMEA over the past three years and was recently recognised in the Financial Times 1000 list of the fastest growing companies in Europe, coming in at 200th place.
The Dow Schofield Watts’ team was led by David Smith.