A leading supplier of transport management systems for hauliers Elddis Transport Ltd and Murray Hogg Ltd among others has raised new investment funds to accelerate product development and aid further growth.
Stephen Robinson, sales director at Mandata, welcomes new investment that will enable his firm to dedicate greater resources to technology and product R&D
Mandata (Management & Data Services) Ltd has secured undisclosed investment funding from Synova Capital, a private equity investor specialising in supporting small to medium-sized companies going for growth.
The new funding will be used to advance development of its innovative software solutions, including its Manpack3 traffic management system, which helps hauliers to improve cost management, simplify operations and optimise the utilisation of vehicle fleets.
The move comes as Mandata positions itself to take advantage of growing market opportunities in the haulage and logistics sector, where national and international operators are seeking to achieve greater efficiencies and lower costs.
Also, increasing numbers of organisations are adopting cloud-hosted applications – Mandata has seen increased demand over the past few years for its own cloud-based traffic management system that is available on a subscription basis.
The additional funding will help the company to focus on enhancing its existing products, building on success of sales heading towards £5m in 2013, while enabling it to develop new products to meet a growing demand for innovative vehicle fleet management technology.
Stephen Robinson, director of Mandata, said the firm is set to benefit as the haulage and logistics sector invests further in integrated technology to reduce costs, while maintaining an efficient supply chain and delivering high service levels.
He said: “Synova’s investment will enable us to dedicate greater resources to technology, research and development to advance our products and ensure we are well placed to meet a growing demand for our solutions.
“Increased reliance on accurate, real-time information and technology, which not only streamlines and automates manual processes, but integrates with third-party applications such as Pallet Operator software, will deliver strong growth opportunities over the next few years.
“Partnering with Synova during this period will provide us with the financial resources and strategic support to fully exploit these opportunities.”
Mandata is a market-leading provider of integrated, real-time transport and logistics software and is committed to producing world-class solutions for vehicle and trailer fleets, where hardware and software are designed and built to complement each other and deliver significant operational, cost and environmental benefits.
Its systems, where information is centralised on one common platform, allow collaboration between departments and end-customers, enabling users to gather information from across all business functions, eliminating the need for multiple systems and providing increased insight into real-time business performance. More at www.mandata.co.uk
Synova invests in UK growth opportunities with a particular focus on companies valued at between £5m and £30m. Key verticals include business services, software and IT services, consumer brands and healthcare & education. More at www.synova-capital.com
Media enquiries: Tracy Welford, Mandata. Email: twelford@mandata.co.uk or Tel: 07970 426 809
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