YFM Group invests in mobile technology software business Mobile Safety Solutions
August 2008
An increasing number of mobile workers will be finding their lives easier by using software developed for PDAs and mobile phones following an investment in Mobile Safety Solutions by YFM Group managed Yorkshire & Humber Equity Fund (YHEF).
Wetherby based Mobile Safety Solutions which was formed in 2006 by Directors Brian Alsford, Tony Preston and Nick Barr has quickly established itself as a leading innovator in the provision of web-based application software for mobile workers.
The mobile workers using the software are typically inspectors or surveyors who need to record data whilst on site and benefit from the advantages which are provided by the real time capture and processing of the information.
The investment from the YHEF has come at a time when the company is looking to expand rapidly taking advantage of the growing order book and new customer relationships.
Paul Betts, Investment Manager YHEF, saw the potential of the product and its niche in the market. He commented “Since our first introduction to the business we have been very impressed with the product offering developed by Mobile Safety Solutions. This product allows customers to harness mobile technology to create greater efficiencies within their business. The return on investment provided to customers makes a compelling case for use of the software.”
Originally developed for the Health & Safety market, one of the first customers was Faithful + Gould, a global consultancy business, which rapidly rolled it out to its UK commissions. The software allows inspectors to carry out more efficient on site work and also allows instant report generation saving both on time and cost.
The business is also experiencing significant growth in other areas, particularly construction and property where the software can be applied to other survey and project management applications. The Company expects to announce some significant new customers in the commercial property, logistics and manufacturing sectors over the next few weeks.
Director, Brian Alsford commented “We have developed a proven proposition which is providing our customers with real cost savings and significant working efficiencies. Our software has many applications beyond Health & Safety and increasingly our customers are expanding its use to different areas within their businesses. We are very pleased to have secured an investment from YFM and we are glad that we now have a funding partner on board who understands the market opportunity and can help us to achieve our plans for expansion.”