Investment Director Dr Alistair Forbes leads this sector, bringing to the role extensive experience from the software industry. Mercia has a specialist interest in investing in businesses which operate in artificial intelligence (AI), cyber security, software as a service (SaaS), analytical tools and adtech.
Each of these subsectors were identified by the sector team as attractive areas to build and source businesses and represent significant market opportunities as Gartner predicts that globally IT spending will reach $3.5trillion in 2017 and that software spending will grow by 7.2% to total $357.0billion.
SaaS and cloud adoption in particular have become the most significant disruptors to this rapidly growing sector. These developments have had a positive impact on the UK economy and more businesses than ever are exploring opportunities in digital transformation services and connected technologies.
The UK is also firmly cementing its place in AI technologies, a market which Accenture estimates could add around £654.0billion to the UK economy by 2035.
Mercia is engaging with a number of companies which are developing these innovative technologies and are in the process of establishing themselves as influential leaders in their chosen field.
If your business operates in one of these sectors or you are looking for investment, then please do get in touch with the team today by completing this form.
If you would like to see more information about companies in this sector, then visit our portfolio page.