Scotland business

Panoramic invests £1m in IT firm Concorde Solutions

Image caption The £1m investment will help the software firm expand and launch a new product

Scottish venture capital firm Panoramic Growth Equity (PGE) has invested £1m in the software firm, Concorde Solutions.

The finding will help the firm launch a new product into the data centre and cloud computing markets next year.

Concorde also said it planned to expand its professional and managed services to markets worldwide.

David Wilson, partner at PGE, said: "We are delighted to have acquired an equity stake in Concorde, a young and dynamic IT services company."

He added: "Concorde has all the hallmarks of success: hugely talented management, a niche market that is growing fast, and the spirit and desire to grow the business."

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