A tech firm which has developed software aimed at helping remote workers in the health, social care and cleaning sectors has secured new investment.
Unique IQ will use the new finance from Birmingham-based venture capital firm Midven to expand the team at its head office in Redditch and develop further some of its software products.
Unique IQ was founded in 2003 and aims to address some of the issues inherent with remote and mobile workforce management such as clocking in and out of visits.
The firm's work has been recognised by judges of our West Midlands Tech Awards who shortlisted the firm in the Innovation in Medicine and Health category.
Managing director David Lynes said: "We're delighted with the investment from Midven.
"This will provide us with opportunities to not only expand our team over the next three years but also focus on international growth, specifically targeting respected multi-national service providers to secure long-term contracts."
Midven director Roger Wood added: "Unique IQ has grown significantly and consistently over the last three years.
"Faced with further growth opportunities, both in overseas markets and within its existing customer base through an imminent new product launch, the further investment in the company will enable it to build out their team and progress their technology development while maintaining its existing high levels of customer service."
Midven's Unique IQ deal follows recent investments into Warwickshire-based electronic design and development provider Assembled Electronics Solutions and Black Country carbon fibre composite manufacturer CFP Composites.
Midven was appointed earlier this year to manage the £35 million equity portion of the Midlands Engine Investment Fund from which this latest deal stems.
The fund is supported financially by the European Regional Development Fund and the European Investment Bank.
