Aberdeen-based Motion Software has targeted further growth after a £600,000 investment in the business.
The company, a leading software, hardware and tagging specialist for the oil and gas industry, has doubled the size of its office premises, based at Grandholm, Bridge of Don.
With support from the Clydesdale Bank, Motion Software has bought the two-storey building outright, having previously leased part of the premises. The new 3,800sq ft facility, which features a training suite, will allow the business to build upon a period of recent success.
Staff numbers have risen from 18 to 25 in the past year, including four personnel who have joined the company in the past six months. Motion Software is looking to recruit an additional four people by the end of 2015.
The company has also recently become a Scottish Enterprise Account Managed client. This has provided access to a wide range of strategic planning and support tools, including growth workshops and an organisational development review featuring research into new product development and overseas markets.
Stephen Burt, managing director of Motion Software, said: “The new office space adds fresh impetus to our business growth strategy and will help us build upon our success to date. The support from the Clydesdale Bank and Scottish Enterprise provides us with a solid foundation on which to move the business forward, including our plans to further grow the size of the team.
“It’s an extremely exciting period for the business with our existing range of products, traditionally built around the oil and gas industry, now being adopted across multiple industry sectors including renewables, insurance and manufacturing.
“Despite the challenging conditions around the oil and gas industry at present, we are continuing to experience a high level of demand for our products and services from North Sea businesses and clients as far afield as Houston, Dublin and Abu Dhabi.”
Stephen Hepburn, Head of Clydesdale Bank’s Business and Private Banking Centre in Aberdeen, said: “Clydesdale Bank is proud to support businesses targeting expansion. Motion Software’s decision to purchase its premises provides an excellent springboard from which to target future growth.
“Clydesdale Bank offers a range of flexible funding packages that are tailored specifically to SME businesses to assist deliver their growth ambitions.”
In addition, Motion Software has launched a new service designed to offer customised training courses on their products, carried out in-house or at clients’ premises. The company has created a dedicated role to lead the implementation and training function, with Debbie Peace moving into the new position of implementation and training analyst having previously held the post of support analyst.
The success of the business has been built on two software products: its inspection and integrity software package, Motion Inspect, and its equipment sales and rental management solution, Motion Aspire.
Contracts worth over £600,000 have been secured in the past month, encompassing both long-term contracts with existing customers to further develop applications in the areas of Mobile Application Development (both Android and IOS) and product extensions to cover a wide range of functionality covering personnel and equipment management.
The underpinning link between the new solutions is to ensure clients remain compliant in their operating areas. From dropped objects offshore, to hose integrity management and lifting surveys, Motion has a complete solution based on the latest legislation.
The business provides a full range of hardware, such as laptops and mobile phones, for use in hazardous areas. The company also delivers RFID (radio frequency identification) tagging and bar code solutions to monitor equipment and project logistics.
Clydesdale Bank recently launched a series of lending initiatives for UK businesses, designed to encourage growth for new and existing customers. As well as capital-free periods for up to five years, the Bank has also introduced high percentage funding for businesses to purchase trading premises.