18 Mar 2014

ICON secures a £5m investment for back office optimisation specialist AOMi.

AOMi offers solutions backed by its leading cloud based Workware software suite, providing an enterprise ready solution for its 40,000 customers globally. Key clients: Barclays, Capita, Xchanging, Genpact, IFDS, ANZ, Westpac, National Australian Bank, New Zealand Inland Revenue, ABSA, Nedbank, Kotak, Mahindra Bank, TD Bank, Fifth Third Bank, TD Canada Trust and Banque National Du Canada.

The investment from Calculus means AOMi will be able to scale the business and further expand its growing international operations, particularly in North America, AsiaPac and South Africa.

Richard Jeffery, Founder and managing director of AOMi commenting on the deal said: "The investment will allow us to capitalise on the extensive global demand we are seeing for our cloud based software. Since 2005 we have grown our business through self-funding, but there has been an acceleration of interest for our products across the globe and we now need to grow the business rapidly to meet that demand”.

Alan Bristow, CEO of ICON who led the investment added: “With this investment from Calculus the business is now in a position to rapidly accelerate its development and has the cloud software products and team to become a world leader in back office work optimisation – a very exciting time ahead for the Company”.