Cash boost will help growth at Administrate
Administrate, which is based in the capital’s CodeBase incubator, will use the £577,000 investment to grow its presence in North America, which accounts for about a quarter of its business. It has also identified longer-term opportunities in developing markets within Africa, Asia and South America.
The latest funding has been provided by Archangels Investors and the Scottish Investment Bank.
Advertisement
Hide AdAdvertisement
Hide AdChief executive John Peebles said: “Education is rapidly and fundamentally changing and we’re excited to help position our customers at the forefront of this transformation.”
John Waddell, chief executive of Archangels Investors, said: “It is very satisfying to see the progress made by Administrate since we first invested in 2010.”
SUBSCRIBE TO THE SCOTSMAN’S BUSINESS BRIEFING