Business

Belfast software firm AI 'honoured' to open London trading

Fergus McIlduff, Mark Godfrey and Simon Cole from Automated Intelligence at the London Stock Exchange opening ceremony

FAST-growth Belfast software firm Automated Intelligence (AI) has been accorded the honour of taking part in the opening-day ceremony at the London Stock Exchange to mark its completion of the Elite Programme.

Elite is a business support and capital-raising programme, developing and supporting ambitious private companies through their next stage of growth. It delivers a three-part service of education, business support, mentoring and access to an ecosystem of professionals fostering growth and innovation.

The company, which earlier this month has received a £1m cash injection from the Bank of Ireland Kernel Capital Growth Fund and another £500,000 from an existing private investor, was one of just 16 firms from around the UK to join the Elite programme in its fifth cohort in 2016.

An innovative software and services company helping organisations to manage the increasing amount of data they hold, as well as enabling users to be more productive, AI took park in the globally recognised symbol of the start of UK trading along with Sir Damon Buffini.

The company's chief executive Mark Godfrey said: “It was an honour to be involved in such a significant tradition.

"The learnings we have gathered from Elite, as well as the access to funding and the wider UK business community, has had a real impact on Automated Intelligence. We are primed for the next stage of growth.”

The company, based at Catalyst Inc at Titanic Quarter and which currently has a staff of more than 50, was founded by Godfrey and chief technology officer Simon Cole seven years ago, and it works alongside Microsoft in helping companies use platforms such as Microsoft Office365.

AI is currently focusing much of its resources on developing software which will help firms cut costs, legal and reputational risk and making organisations more productive ahead of the introduction of new data protection legislation next year.

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