Durham-based company Indigo Software is launching a new product after a £400,000 bank loan paved the way for the firm to buy its own premises.
The business has been based in the Belmont Business Park for over ten years and when the premises came up for sale earlier in the year the company decided to purchase it to secure its location in Durham for the long-term.
The purchase formed part of Indigo Software’s ongoing growth strategy, a key part of which is the launch of its successful warehouse management software - Indigo WMS - into the wider IBM i market.
The business, which has been trading for 34 years, currently employs 31 members of staff.
Lloyds Bank Commercial Banking provided the £400,000 loan under the Government-backed Funding for Lending Scheme (FLS), as well as arranging a revolving credit facility through Lloyds Bank Commercial Finance to support its future growth plans.