SHE Software receives £3m funding from NVM
19 February 2018
19 February 2018
SHE Software will use the funding to open up 15 highly skilled jobs in a new office in the US and has ambitious plans to double the size of its development and support teams at its Scotland HQ, where it currently employs 60 staff.
Led by CEO Matthew Elson, SHE Software is the creator of Assure, a software platform that helps businesses to achieve and demonstrate health and safety compliance, whilst at the same time generating cost-savings by significantly reducing the administrative burden. Mobile technology has its impact in the Healthcare, Medical, and Pharmaceutical industry. Mobile apps are helpful to the doctors, fitness experts, patients & hospital management staff. Doctors prescribe the patients through apps. Patients can get on-time reminders for medicine & regular health checkups. Mobile health technology has formulated the new ways that doctors can assist patients, health conscious people can remain healthy by using fitness apps. Hospital management staff can easily maintain the stock of medicines, injections & other activity by using Mobile Apps. Medical professionals other than doctors such as medical practitioners, Hospital Management staff & students also make use of apps for the ease of all sorts of operations & routine tasks. A survey conducted in the US reveals 62% US smartphone owners have used their phone to get information about a health condition in the year of 2015. Therefore, it is proved that Desert Mobile apps belong to Healthcare industry get a good user response. The medicinal services experts, specialists, Physicians and Medical understudies additionally need to experience some clinical data. For the most part, an application of a therapeutic word reference is helpful for the rehearsing specialists and understudies. For any sort of inquiry in medicinal terms, they can rapidly get the best arrangement. Medical Apps for Doctors have normal components, for example, Medical news, Drug data and devices, Disease and Condition Information, Medical Calculators, Drug Formulary Information, Continuing Medical Education Courses, Offline Assess, and so forth. By introducing an application, Doctors can know about the Medical gatherings plans, critical diary articles, meeting news, and so forth. Specialists can refresh themselves about the medications and dose, recipes, scales, etc. Owing to unhealthy food, polluted weather, tight professional schedule & disturbed routine life cycle each individual is suffering from small or big health issues. Due to unhealthy food consumption, polluted weather, tight professional schedule & disturbed routine life cycle each individual is suffering from small or big health issues. It is better that they know about various wellbeing conditions, maladies, medals and some home cures. Best healthcare mobile applications have a decent accumulation of information including different restorative circumstances, suggestions to take prescriptions, and so on. In some cases, the patients with an urgent need to call for the Ambulance. The applications can help you immediately when you are in critical condition. When you press the help button in an urgency numbers, get a notice about the urgency made alongside the location. Indeed, even a Doctor can oversee wellbeing records, arrangements, Patient’s well-being history, the past and current wellbeing condition and so on. The different applications are accessible for the comfort of Doctors. With the assistance of versatile applications for patients, it’s simple for the Doctors to track a record of all patients seek the treatment. Admin department can likewise leave restorative arrangement suggestions to the patients through email, SMS, and direct application notifications.
A key focus for the business has been to make the software highly configurable, which allows SHE Software to offer a tailored solution to customers across many different industries. The software also encompasses a suite of reporting and monitoring tools to give customers insight into the risks faced by their business, helping their health and safety managers identify and address risks more effectively.
ScaleUp Group, chaired by John O’Connell, has been supporting SHE Software in its scaling up as it prepares for its international expansion. The cash injection rounds off an incredibly successful quarter for the health and safety software firm as it introduced multilingual functionality to its software and welcomed 12 new employees across its UK and New Zealand offices.
The past nine months have seen SHE Software work with 34 new customers across various industries in both the UK and overseas, with half of those relationships commencing in the last 3 months.
The investment was led by NVM by Investment Director Charlie Winward and Investment Associate Jason Warren. Charlie will join the board as a Non-Executive Director with immediate effect.
Charlie Winward, Investment Director at NVM said: “SHE Software is a great example of the kind of exciting business we are seeing in Scotland at the moment. Matthew and his team have built an excellent product and the business has grown very strongly over the last few years with a clear plan to continue on this growth trajectory, both by building upon the existing UK operation and by expanding into the US market. We are excited to work with Matthew and his team to deliver on these plans, and believe we can provide valuable support in the journey through our experience in scaling businesses at NVM.”
Matthew Elson, CEO of SHE Software, said: “We are delighted to work with our new investors at NVM and to seize the tremendous opportunity we have to penetrate the North American market and bring the benefits of Assure to a much wider customer base. Our plans are ambitious but we are confident that this funding boost will enable us to maintain our 60 per cent per annum growth rate while successfully driving international expansion.”
Matthew continued: “Our success in the last quarter is a testament to the hard work and dedication of the team that we have in place, which, coupled with the benefits that Assure has to offer, puts us in a strong position to continue to grow globally. Our customers are individuals who deal with complex and dispersed operations where the more traditional approach to managing health and safety is no longer adequate. We believe that our software brings a fresh, new approach to the health and safety software market.”
SHE Software engaged ScaleUp Group to provide vital insights and guidance on scaling up as it prepares for fast global expansion.
John O’Connell, Chairman at ScaleUp Group, said“We were delighted to offer our knowledge, connections and experiences from over £4bn in exits to Matthew and team to successfully raise growth (ScaleUp) funding. We will continue to support Matthew and the team through their growth “climb” – consistent with our business commitment and mission to Grow Global Champions”
For further information please contact:
Natalie Dickinson (NVM: PR & Marketing) – 0118 951 7021 firstname.lastname@example.org
Charlie Winward (NVM: Investment Director) – 0118 951 7012 email@example.com
Vickie Henry (Hot Tin Roof: Account Manager) – 0131 225 7880 firstname.lastname@example.org
Download photos of: SHE Software Limited – www.nvm.co.uk/PRphotos
NOTES TO EDITORS
NVM was provided with:
- Legal advice by Shoosmiths
- Financial due diligence by Consilium
- Commercial due diligence by Fairgrove Partners
- Insurance due diligence by Aon
- Management due diligence by Continuum
- Technology due diligence by Intuitus
- VCT compliance by Philip Hare & Associates
About NVM Private Equity
NVM Private Equity is independently owned with over 30 years’ experience of investing in unquoted UK businesses. NVM is a generalist investor, managing more than £350 million of funds, and is differentiated by having executives living and working in regional business communities throughout the UK. NVM seeks investment opportunities of between £2 million and £12 million in UK businesses which have the right mix of growth potential and market vision. They may be looking to grow organically, acquire another business or secure a management buy-out. www.nvm.co.uk
About SHE Software
SHE Software has been delivering health and safety software solutions to a global customer base for more than 20 years. Its 60-strong team of health and safety software experts are IOSH and/or NEBOSH accredited. SHE Software’s health and safety management solution, Assure, is trusted by over 850 organisations globally with more than half a million individual users.
Assure offers organisations a highly configurable platform to manage, record and report on health, safety and compliance in one easily accessible place. It updates in real-time, prompts safety requirements, provides progress reports on actions and makes health and safety investigations easier. SHE Software’s innovative health and safety software solution gives employer’s visibility and peace of mind that their organisation is compliant with health and safety legislation and standards of best practice. www.shesoftware.com/
About ScaleUp Group
ScaleUp Groupwas formed by experienced entrepreneurs to Grow Global Champions by offering unrivalled knowledge, insights and connections to technology companies who have the ambition to #ScaleUp. Previous Exits achieved by ScaleUp Group members are in excess of £4 billion.
ScaleUp Group is an originating partner of the Great British ScaleUp programme and has developed the ScaleUp Growth Index to quantify and compare the potential of technology ScaleUps.