PMSI provides CDD to Foresight on its investment in EkkoSense
Foresight has invested in EkkoSense, a software developer using low cost innovative sensors for thermal optimisation of data centres, server rooms, power transmission sites, solar plants and telecoms equipment. PMSI provided CDD for the deal.
Ekkosense specialises in developing and delivering expert software analytics, low cost innovative sensors and vendor agnostic thermal expertise for optimising the performance of data centres, server rooms, power transmission sites, solar plants and telecoms equipment.
The investment will enable the business to continue to develop its software functionality and sensor technologies for further applications within critical built environments, enabling its customers to reduce operational risk, benefit from energy savings and release unused or unavailable capacity.
Dean Boyle (CEO) said: "We're excited by the opportunities that this extra capital provides Ekkosense in terms of accelerating the businesses software growth. Our EkkoSoft software platform has received fantastic customer feedback and we will be adding new functionality for our data centre customers and driving growth in other critical sectors via our breakthrough IoT technologies. We look forward to collaborating with Foresight's experienced investment team to drive sales and improve key services to maintain a position at the forefront of the market.”
Mike Quinn said: “The investment into Ekkosense is another exciting opportunity to support a high growth company in the heart of Nottingham. The team at Foresight has known the founders for some time, has tracked their progress, and been impressed with the growth achieved over the last 12 months. They are very well regarded in their field and the growing blue-chip customer base speaks for itself. We are looking forward to working with management to expand the software capabilities and maximise the exciting opportunities that exist for the Company."