Manchester-based software firm Intechnica Limited has raised £5m.
The company, which offers scalable software solutions to help customers manage surges in website traffic and helps remove unwanted traffic from bots, crawlers and spiders, received £3.5m from Mercia Technologies.
The round includes a £1.3m convertible loan facility provided by Mercia, which now owns a 24.3% stake in the business.
Intechnica will use the cash to scale its TrafficDefender product range, bolster its sales and marketing resources and expand overseas.
Jeremy Gidlow, managing director of Intechnica, commented on the news: “We are pleased to have our long-standing investors reaffirm their support for Intechnica with this latest fundraise.
“The capital will allow us to scale up the delivery of our cloud-based solutions to meet growing demand in sectors such as online retail, insurance, digital publishing, gaming and ticketing.
It will also help us to deploy TrafficDefender quickly and effectively to domestic and international customers, allowing them to manage and analyse high volumes of online traffic.”
The firm is already working with Ted Baker, ao.com, Pets at Home and Abis.
Mark Payton, chief executive officer of Mercia Technologies PLC, said: “Intechnica comes from one of Mercia’s managed funds which is led by Will Clark, and invests across the North of England.
“Working with management, Mercia’s team has helped to build out the board and broaden the expertise of the management team ahead of the business becoming a meaningful balance sheet investment for Mercia.
“All of us have experienced the frustration of overloaded websites and TrafficDefender is a working solution to a global challenge, as product and service retailing continues to move online,” concluded the CEO.
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