CMap provides integrated, cloud-based project management software to clients across a range of sectors including professional services, architecture, engineering, healthcare, creative and consulting.
The CMap platform has thousands of users in over 60 countries worldwide, with in excess of $4bn of live projects currently being managed through the system. They have offices in both Wilmslow and Orlando.
NorthEdge Investment Rationale
CMap has established a strong market position with its scalable SaaS solution that meets a significant market need. The company has enjoyed a hugely successful growth period in recent years, growing revenues at 40 per cent per annum over the past four years.
We were also attracted to the continued growth potential. In particular, the team of software experts has built a growing presence in the US which provides significant opportunity for the business in the future. From its current headcount of 50 employees, the business plans to double its headcount over the next three years.
Our investment will be used to continue UK growth in key sectors, support the development of the software product and drive further expansion in US markets to meet the global demand for a SaaS project management platform.
Dave Graham, founder and CEO of CMap, said: “We are delighted to be partnering with NorthEdge and believe that the investment has come at a perfect time for the business. We pride ourselves on providing a market leading product to our customers and this has been a key driver of the strong growth that we have enjoyed to date. We believe that the quality of our solution and the investment from NorthEdge will provide the platform to further accelerate this growth in the future, both in the UK and internationally.”