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Datascope Systems, a leading provider of software and hardware solutions to the global construction sector, has secured a multi-million-pound investment from BGF.
Founded by Adrian Butt, the Chester-based company has built a strong reputation for developing construction site management solutions. Datascope’s solutions help to drive efficiencies, enabling site managers, planners and contractors to digitally manage site attendance, logistics, permits and project planning, as well as ensuring contractors are compliant with safety and regulatory obligations.
This funding from BGF will allow the high-growth business to accelerate its ambitious growth strategy – both in the UK and internationally – across infrastructure, residential and commercial markets.
Commenting on the deal, Adrian Butt, CEO at Datascope Systems, said: “In the last 20 years, we have grown from a construction site hardware business to a fast-growth SaaS company, with four core product areas that have been specifically designed to help drive efficiencies across global, multi-billion-pound organisations.
“Our aim is to quickly expand our international footprint in territories such as the US, the Middle East, mainland Europe and the Far East, while at the same time continuing to invest heavily in new product development and increasing our sales capabilities. In order to achieve these aims, we need an investment partner with excellent sector credentials, as well as an appetite to support our growth ambitions over the long term. In BGF, we have found that partner.”
The deal was led by Pinesh Mehta, Josh Bean and Elle Swire, investors in BGF’s Manchester team. As part of the investment, Geoffrey Finlay will join Datascope’s board as Non-Executive Chair. Geoffrey is a highly successful and award-winning chair, and a former CEO of FTSE, NASDAQ and PE-backed technology companies, including Logistyx Technologies and Navitas.
