IT Success

Background

The applicant is a North East-based IT consultancy specialising in the area of SAP and Oracle, serving the fast-growing worldwide ERP (Enterprise Resource Planning) market.

Objectives

When the ambitious business was ripe to move up a gear, with a watertight contract worth almost a million Euros from one of the world’s largest motor manufacturers, it did not fit the rigid criteria necessary to attract funding from traditional sources in order to facilitate its growth.

“Having been through the mill with other financiers, it was refreshing to find out that Gabriel operates with straightforward processes that start with a conversation,” said the business owner.

“Gabriel was interested in our company values and the people behind it, just as much as our figures. The board are all experienced entrepreneurs and although we were a young business at that point, they took us seriously, recognising both our potential and our ambition and offering us the ‘no strings’ loan we were looking for.

Effect

The applicants’ business had an established customer base that was generating revenue, and Gabriel could see the passion the owners had for the business, and the prudent plans they had in place. They knew precisely what they wanted the money for and that it was an investment that would provide business dividends. The financial support Gabriel was able to offer acted as a platform for growth and transformed the business into a global player.

“We were delighted at the speed of decision making – our funding was through within a few days,” adds the client. “Two years on from our initial meeting, we are now a global business holding its own in a highly competitive market, and with some ambitious expansion plans for the next few years. Gabriel has played a pivotal part in our success.”