Newcastle tech consultancy Seriös Group is set to treble its workforce by creating 100 new jobs over the next three years on the back of six-figure North East Fund investment.
The Hoults Yard-based data and test solutions provider works with large corporate clients and private sector enterprises, giving them insights they need to meet operational targets. Now, after working with Newcastle regional fund management firm NEL Fund Managers, the company has brought in the undisclosed sum from the North East Growth Capital Fund, which will see it launch its own data platform, Seriös One.
The business said the new platform provides the foundations and capability to turn enterprise and Internet of Things telemetry data into business insights, analytics and solutions that meet specific client requirements. Around 15 new jobs are expected to be created next year, with a further 85 to follow over the next two years as the business grows.
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The company, which also has a base in Glasgow, was set up at the start of 2020 and operates to a remote working hybrid model, with most of its expert team based around the North East. It works across all industries but has built up expertise in the commercial property and facilities management sectors through its work with data generated by ‘smart’ buildings.
Lee Rorison, CEO and co-founder at Seriös Group, said the company is now looking to add further major corporations to its client portfolio. The business has clients overseas and is also aiming to boost its international presence as part of its growth strategy.
Earlier this year, Seriös Group allocated 17.5% of its shares to its employees, to give them a personal stake in the future success of the business.
Mr Rorison said: “Launching the business at the start of the pandemic created a situation that we obviously weren’t expecting, but it helped to firmly establish that the remote delivery of our services worked extremely well and we’ve maintained this working model ever since. We work with clients to understand the outcomes that they want to get from our involvement and then design bespoke solutions that do precisely that for a fixed cost and in a shorter timescale than our competitors can provide without impacting quality.
“The new Seriös One platform helps businesses make data-driven decisions with an initial focus on energy efficiency and space utilisation to drive down costs, and we’re excited by the potential it has to make a substantial difference to our commercial performance.
“Trebling the size of our workforce by creating 100 new jobs over the next three years is an ambitious target, but we’re extremely confident that we have the products, services and resources that we need to achieve it. The investment model that NEL offered and the speed at which it could be delivered fit perfectly with our need and we enjoyed a very positive relationship with the team from our very first conversation.”
Jane Siddle, senior investment executive at NEL Fund Managers, added: “Seriös Group has made extremely impressive progress over a short period, with the value of the solutions and insights they provide being clear in the commercial success it is enjoying. The management team has a clear plan for growing even more quickly over the next three years and we’re very pleased to be part of it.”
