Client Success
Derbyshire-based software engineering company Devtank expands thanks to a six-figure funding boost from Enterprise Loans East Midlands.
The Ashbourne-based business was set up by Tim Telford in 2015 and supports companies by providing software design, consultancy and test services as well as open source coding.
Tim said: “Devtank currently operates in the space and defence, smart renewable energy, oil and gas, telecoms and smart factories industries. All of these are key growth areas in the UK and we are confident that our product is extremely well-positioned to offer solutions in these fields.
“Working with Enterprise Loans was fantastic, the team helped us understand and get the most out of the process – we felt supported every step of the way and our business advisor’s advice was extremely valuable.”
Devtank received a loan from Enterprise Loans East Midlands (ELEM) and the funding went towards further development of its product, rent for a new larger premises and additional staff requirements.
Matthew Wright, business advisor at Enterprise Loans, said: “Devtank has a niche product that can be adapted to benefit various sectors and this is evidenced by the current order book and the potential business in the pipeline.
“We were impressed with the background of all the Devtank team members and their extensive knowledge of their industry and market. We are delighted to be able to provide funding to support Devtank in its ambitious growth plans.”
For more details about Devtank please visit: devtank.co.uk. For more information on Enterprise Loans visit www.first-enterprise.co.uk or follow @1st_Enterprise on Twitter.