Technology start-up Xergy has secured almost half a million pounds to help further develop its “revolutionary” digital platform.
The Aberdeen-headquartered firm has already invested £3 million in its Proteus system, which provides an “easy-to-use” management system, allowing collaboration between staff and simplifying workflows on engineering projects.
Xergy claims the platform can “transform business operating models”, reduce costs and increase efficiencies.
It has now been awarded a £425,000 grant by Scottish Enterprise, which will allow the firm to “add further innovations” to the programme.
The funding will create new jobs for software developers in Scotland and fast track the platform’s route to market, the firm said.
Founded by energy industry entrepreneurs, James McCallum and Colin Manson, Xergy initially developed the digital platform to help the energy industry meet the specific challenge of resourcing complex engineering projects efficiently and cost-effectively while facing a shortage of talent and slow adoption of digital technology.
Nigel Filer, chief operating officer at Xergy, said: “Coming hot on the heels of funding from the Scottish Enterprise Early Stage Growth Challenge Fund, this latest funding underlines their investment in our success and their confidence in Proteus to help digitally transform companies in Scotland.”
He added: “We set about creating a simple to use, cloud-based operating system that can transform the way in which energy companies manage projects and source and use talent. By connecting companies with the talent they need, as and when they need it, and making remote working as effective as being in the office, Proteus removes utilisation waste, reduces overheads and increases productivity.
“However, as we developed the product, it became clear that it had the potential to transform any business operating model in any sector, accelerating their digital transition, transforming their working culture and creating cross vertical opportunities for a growing number of people who want to, or are forced to, work flexibly and remotely. Proteus will create job opportunities for Scottish talent.”
Kerry Sharp, interim managing director of Scottish Economic Development at Scottish Enterprise said: “With experts predicting that digital transformation will result in significant business efficiency improvements, it’s important to support businesses leading the way in accelerating this transition. Proteus will help organisations remain competitive in the evolving business landscape.
“Proteus has the potential to transform the way in which companies operate. By enabling rated freelancers to work anytime from anywhere, it also has the ability to create opportunities for Scottish skills globally.”