Edinburgh-based tech company Workpro, the market-facing brand of Computer Application Services Ltd (CAS), has secured an equity injection of £500,000.
This funding comes from existing sources and three new investors, including Capital for Colleagues, a specialist in supporting employee-owned businesses, according to a report from Scottish Financial News.
Workpro, established as a spin-out from Heriot-Watt University in 1969, has been delivering case management solutions since 2000. Its software is widely recognised for streamlining and supporting the management of complex caseloads in sectors such as government, finance, legal services, and retail.
The company plans to utilise the fresh funding to capitalise on its recent growth, which has seen revenues rise by 20% over the past year. The employee-owned business aims to expand its proactive marketing initiatives, further establishing its software as an essential tool for managing customer grievances and employee relations issues.
Ken Naismith, chief executive of CAS, praised the company’s resilience and the support of its investors. He said: “While CAS and Workpro are obviously good horses for investors to back, we do not take for granted the terrific support that has been made available to us when so many businesses are worried about the future.
“Consumer grievances and employee relations issues are only going to rise as organisations meet 2025’s challenges. Workpro makes light work of heavy caseload and provides essential insights into issues arising from customers and colleagues.
“Workpro also has all the right data security credentials to pass muster with government and corporate governance.”
Keep up with all the latest FinTech news here: here
Copyright © 2024 FinTech Global
