Software start-up Oroson transforming teamwork after £1.2m investment
FLEDGLING Ballyclare software firm Oroson has received a £1.2 million cash injection from a local investment fund which will help its future growth and lead to the creation of more jobs.
The money has come from Co-Fund NI (ERDF), managed by Clarendon Fund Managers Ltd, and private investors.
And a further £1.2m funding round is planned for 2019 as Oroson (www.oroson.co), founded in 2013, enters a key period in its growth strategy (it has been offered £350,000 of support from Invest Northern Ireland towards R&D).
The investments aim to develop Oroson's innovative software, which enables businesses to increase their productivity by streamlining their workflows and improve how people collaborate.
Oroson’s Service (SaaS) business model is a unique solution that offers real value to businesses. It brings all clients' work together in one central online hub, solving the problem created by the volume of information and resources we have to manage in our daily working lives.
The company's founder and chief executive Daniel McGlade said: “We have had an incredible year to date and have seen our product and company grow from strength to strength thanks to investments from Co-Fund NI, Invest NI and private investors, and of course all of our valuable clients who have signed up to our solution.”
Not only does Oroson improve collaboration among teams thanks to its real-time communication features, but the unique visual nature of the platform makes it stand out above any other project or task management solutions, helping drive creativity.
Oroson's list of advocates and users includes the popular Mexican restaurant chain Boojum, public sector body Lisburn & Castlereagh City Council and Irish Football Association, as well as one of the world’s largest banks.
Chris Trotter of Clarendon Fund Managers added: “Oroson highlights the standard of talent that Northern Ireland has to offer to the global software market. We look forward to working with the company as it continues to grow its client base and makes collaboration easier.”