Arcus Global secures £3m investor funding to enable further growth
We are delighted to announce a £3m investment by YFM Partners, a specialist Private Equity Fund Manager to fund our continuing growth.
Since we were established in 2009 we have experienced rapid growth through the design and delivery of disruptive cloud-based technology solutions that enable local authorities and other government bodies (the public sector) to transform and improve their services. This has enabled some public sector organisations to save as much as 40% of their total budgets.
The public sector is under pressure from rapidly increasing demand coupled with declining funding. At the same time, public expectations are ever higher. A wholesale, end-to-end transformation and a rethink of how services are delivered is key to survival. We are proud to be at the forefront of the public sector digital disruption and transformation movement that is breaking the stranglehold of the large legacy providers.
To enable the public sector to deal more effectively and efficiently with laborious manual tasks we have developed a Software-as-a-Service (SaaS) platform. We transform and automate service delivery in critical lines of business such as citizen interaction, planning, building control, regulatory/environmental services, waste management, asset management and housing. Crucially, it frees up limited resources to be spent of those areas with the most need.
Arcus solution is a true cloud multi-tenanted and scalable platform, designed to replace legacy line of business systems. Arcus has also developed artificial intelligence (AI) solutions that are driving extensive savings across the wider public sector, including groundbreaking work in the NHS.
The funds from YFM will be used to support the continued rapid growth of the business, and increase Arcus product portfolio by boosting our R&D investment.
Charlie Robinson and Andy Thomas led the investment for YFM. Charlie Robinson commented:
“Denis and his team have done a fantastic job in building the company and we are delighted to be working with Arcus to support their continued growth over the coming years. They have developed an enviable reputation for their innovative approach and we believe their solutions will fulfil an important role in helping public sector organisations drive efficiencies and to adapt to the changing digital landscape.”
Denis Kaminskiy, co-founder of Arcus, added:
“I am incredibly pleased do have raised this growth investment from YFM. We ran a thorough and competitive process, and they have been a joy to work with so far. Of course, our exciting journey is just beginning, and I am looking forward to YFM’s expertise, advice and support. Our customers desperately need help, and this funding will allow us to improve and accelerate every part of our business.”
For more information about our services and how we can help you, please get in touch with us email@example.com