The Mills Selig corporate team advised Business Growth Fund (BGF) and First Derivatives plc in the first investment from their strategic investment partnership announced earlier this year.
A high-growth software company headquartered in Belfast has become the first business to benefit from technology and investment as part of the strategic partnership between First Derivatives and BGF. AuditComply will use the new funding from BGF and existing investors Clarendon/CoFundNI together with First Derivatives’ Kx technology to accelerate its growth.
The First Derivatives and BGF partnership combines access to BGF’s £2.5bn balance sheet and network of board level executives with First Derivatives’ technology and support. Together, the mix of equity and technology has been designed to help high-potential and established companies scaleup through unlocking new markets or disrupting existing ones.
Founded by tech entrepreneur Kevin Donaghy, AuditComply provides enterprise risk management software across the engineering, manufacturing, food and logistics industries. Its customers include Autoliv, UniTrunk and KDD. The company, which has grown rapidly since it was set up in 2014, operates in a market driven by mounting regulatory pressure related to enterprise risk management.
AuditComply will use First Derivatives’ Kx technology and expertise to develop new software modules that will provide powerful, real-time analytics for supply chain auditing.
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Mills Selig corporate team advised Business Growth Fund (BGF) and First Derivatives plc in the first investment from their strategic investment partnership announced earlier this year