East Kilbride based software company SHE has secured £3 million of new investment from NVM Private Equity, which will be used to create over 50 new jobs by the end of 2018.

The company will create a new office in the United States, which will employ 15 skilled workers, as well as doubling the size of its development and support teams at it’s Scottish headquarters in East Kilbride, where it currently employs 60 staff.

Assure Software

SHE is the creator of the Assure software platform, which helps businesses to achieve and demonstrate health and safety compliance, as well as saving costs by significantly reducing administration.

The Assure software is highly configurable, allowing SHE to address customers across a broad range of industries. The software provides reporting and monitoring tools to give businesses insight into the they risks face, ensuring health and safety managers can identify and address risks more effectively.

The new funding marks the end of a successful period of growth for the company, as it introduced multilingual functionality to its software, welcomed 12 new employees across its UK and New Zealand offices and started working with 34 new customers in the UK and overseas.

Investment

The investment was led by NVM Private Equity. NVM’s investment director Charlie Winward joins SHE board as a Non-Executive Director with immediate effect.

Charlie Winward, said: “SHE Software is a great example of the kind of exciting business we are seeing in Scotland at the moment. Matthew and his team have built an excellent product and the business has grown very strongly over the last few years with a clear plan to continue on this growth trajectory, both by building upon the existing UK operation and by expanding into the US market.

“We are excited to work with Matthew and his team to deliver on these plans, and believe we can provide valuable support in the journey through our experience in scaling businesses at NVM.”

Ambitious Plans

Matthew Elson, CEO of SHE Software, said: “We are delighted to work with our new investors at NVM and to seize the tremendous opportunity we have to penetrate the North American market and bring the benefits of Assure to a much wider customer base. Our plans are ambitious but we are confident that this funding boost will enable us to maintain our 60% per-annum growth rate while successfully driving international expansion.”

“Our success in the last quarter is a testament to the hard work and dedication of the team that we have in place, which, coupled with the benefits that Assure has to offer, puts us in a strong position to continue to grow globally. Our customers are individuals who deal with complex and dispersed operations where the more traditional approach to managing health and safety is no longer adequate. We believe that our software brings a fresh, new approach to the health and safety software market.”

SHE Software is working with ScaleUp Group to provide vital insights and guidance as it prepares to scale globally.

John O’Connell, Chairman at ScaleUp Group, said: “We were delighted to offer our knowledge, connections and experience from over £4 billion in exits to Matthew and the team to successfully raise growth funding. We will continue to support Matthew and the team through their growth ‘climb’ – consistent with our business commitment and mission to Grow Global Champions.”