Belfast software firm Thrive secures £2.75m boost to create new jobs

  • Belfast-based software firm Thrive has gained new investment, bringing its assets to over £2.75m, which it says will help facilitate its plans to grow users fourfold to one million by 2022.

    The company is also initially creating 10 new jobs in marketing, software development, and customer care.

    Thrive provides software and support for employee communications to global clients including US media outlet HBO. Other clients include councils, healthcare companies, manufacturing businesses, food firms and retailers. It now has 250,000 licensed users.

    The new investment, which comes from the Halo Business Angel Network (HBAN), Co-Fund II and private investors, is being used for product development and international sales.

    The company’s newest major clients include HBO, Santos Brasiil - the largest port operator in Latin America, Fairchild Medical Center in California and Antrim & Newtownabbey Borough Council.

    RELATED: HBAN celebrates investment in 11 NI companies in its first year here

    Its platform allows organisations to create smartphone and web apps, which are particularly relevant to employees who are not desk-based. Managing director James Scott said this provides clients’ employees “with information they need to do their job, and engages them more fully in the organisation.”

    Stephen Gunning, Thrive’s co-founder and chairman said: “This investment means we can now activate a five-year growth plan, supported by ongoing assistance from Invest NI, which will see us expand our UK, Ireland and international customer-base, grow our team as well as further developing our Thrive software platform and services. The investment we have secured will allow us to compete even more strongly in this fast-growing international market.”

    HBAN is a joint initiative of Enterprise Ireland, InterTradeIreland and Invest Northern Ireland, to promote all-island business angel investment. Co-Fund II is supported by ERDF under the EU Investment for Growth and Jobs Programme 2014-2020 and is managed by Clarendon Fund Managers.

    About the author

    Niamh is a Sync NI writer with a previous background of working in FinTech and financial crime. She has a special interest in sports and emerging technologies. To connect with Niamh, feel free to send her an email or connect on Twitter.

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