Glasgow-based specialist workforce optimisation software provider Corporate Modelling Services has secured £750,000 in equity funding.
The investment comes from the Investment Fund for Scotland, managed by Maven Capital Partners and delivered by the British Business Bank.
CMS helps clients to transform their back office operational efficiency and improve the ultimate end customer experience through the implementation of a suite of workforce optimisation technologies, delivered through its platform, OPX.
The software currently supports organisations with multiple tools; two of which are task allocation, ensuring the correctly skilled staff are working on the most suitable jobs at the right time; and employee time analysis.
Applicable across a range of sectors including financial services, utilities, telecommunications, government entities and retail, OPX can service clients of scale with up to 60,000 users. The platform already supports an impressive list of long-term customers across global financial services and business process outsourcers.
The funding will support CMS’s growing sales function to service global operators, including current opportunities in the US, as well as embarking on a number of strategically significant international partnerships to expand its customer reach.
“I am delighted to be working with Maven,” said Alex Allan, CEO at CMS. “We didn’t want a passive investor and it was clear from the early conversations with Craig and the team at Maven that their market experience and contact base will help accelerate our growth, which in turn will allow us to deliver better customer experience, accelerate our AI technology roadmap and develop new markets.”
Craig McGill, investment manager at Maven, said: “CMS has built an impressive platform that can transform many businesses across different industries.
“Alex and the senior team are all highly driven, experienced individuals with a genuine entrepreneurial focus and we look forward to supporting the business as it enters this exciting next phase of growth.”