CMS Secures £750,000 in Funding to Fuel Growth and Innovation
We are thrilled to announce that Corporate Modelling Services Ltd (CMS), a Glasgow-based leader in specialist workforce optimisation software, has successfully secured £750,000 in equity funding from the Investment Fund for Scotland (IFS). This funding round was led by Maven Capital Partners, one of the UK’s leading private equity managers, and delivered in collaboration with the British Business Bank.
Driving Operational Excellence with OPX
At CMS, we empower organisations to transform their back-office operations and enhance the end customer experience through our flagship platform, OPX. This innovative suite of workforce optimisation tools includes features like task allocation—ensuring that the right employees are working on the most suitable tasks—and employee time analysis to boost efficiency.
With the ability to integrate seamlessly with other software systems, OPX serves as a central hub for resource management and data-driven decision-making. Our solution is already trusted by a diverse range of sectors, including financial services, utilities, telecommunications, government entities, and retail. Currently, OPX supports global clients with up to 60,000 users, helping them streamline operations and maximize productivity.
A Growing Market Opportunity
The demand for back-office workforce management solutions has never been greater. As organisations worldwide adapt to evolving work patterns, the need for technology that optimises human capital and enhances employee and customer experiences is clear. OPX is perfectly positioned to help our clients do more with their existing resources, leading to significant improvements in both productivity and service quality.
Strategic Investment for Growth and Innovation
This new investment will allow us to make significant enhancements to the OPX platform, expanding its capabilities and integrating cutting-edge AI functionality. It will also support our expanding sales efforts, enabling us to better serve global operators and explore strategic international partnerships, including exciting new opportunities in the U.S.
Craig McGill, Investment Manager at Maven, commented: “CMS has built an impressive platform that can transform many businesses across different industries. Alex and the senior team are all highly driven, experienced individuals with a genuine entrepreneurial focus, and we look forward to supporting the business as it enters this exciting next phase of growth.”
Alex Allan, CEO of CMS, shared his enthusiasm: “I am delighted to be working with Maven. We didn’t want a passive investor, and it was clear from the early conversations with Craig and the team at Maven that their market experience and contact base will help accelerate our growth. This partnership will allow us to deliver better customer experiences, accelerate our AI technology roadmap, and develop new markets.”
Supporting Scottish Innovation
Mark Sterritt, Director of Nations and Regions Funds at the British Business Bank, added: “The Investment Fund for Scotland was set up to support a nation of entrepreneurs, reflecting the critical role access to finance plays at every stage of their journey. CMS is a great example of a business using specialist software to help companies worldwide work more effectively and efficiently. We look forward to playing a part in the firm’s future growth.”
Maven’s Commitment to Scottish Business Growth
This funding marks the seventh investment made by IFS Maven Equity Finance, demonstrating Maven’s strong track record of nurturing high-potential businesses. Maven has supported innovative ventures across Scotland, such as Carcinotech, Praveen Kumar, and Nami Surgical, showcasing the vast opportunity to drive technological advancement and economic growth.
At CMS, we’re excited to continue our journey of growth and innovation with the backing of Maven Capital Partners and the British Business Bank, taking our platform to new heights and extending our impact on global operations.
Stay tuned for more updates as we embark on this next phase of our evolution!
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