Funding Package Will Help Software Company Go Global; E-COMMERCE SYSTEM GETS WELSH GOVERNMENT BACKING

Western Mail (Cardiff, Wales), October 25, 2013 | Go to article overview

Funding Package Will Help Software Company Go Global; E-COMMERCE SYSTEM GETS WELSH GOVERNMENT BACKING


Byline: RUPERT HALL rupert.hall@trinitymirror.com

A HI-TECH software developer has been awarded a PS394,000 funding package by the Welsh Government to support its e-commerce management software system and global launch. Eysys - started two years ago by entrepreneurs Simon Powell and Humphrey Sheil - received PS294,000 from the SMART Cymru programme, backed by the European Regional Development Fund, to carry out industrial research and experimental development on its multi-channel platform Holistic.

An additional PS100,000 from the Economic Growth Fund supports a PS335,000 investment by Eysys in servers to manage data storage and processing.

Eysys will also create eight graduate-level jobs to customise the platform for international markets and works closely with Cardiff University on its recruitment campaigns.

The firm has taken on several graduates in full-time positions and also runs a summer in-ternship for students looking to gain industry experience.

Eysys, based in Pentwyn, employs 15 staff and has been developing Holistic over the past two years. The platform is designed to help companies optimise their online presence and boost sales through the use of highly sophisticated data-mining and predictive technology. The software learns by analysing data and makes recommendations to improve areas such as conversion rates, profitability and customer retention over time.

Prior to launching Eysys, Mr Powell co-founded Comtec, a travel technology business which employed more than 180 technologists delivering IT solutions and support services to the travel industry.

Together with his Eysys co-founder, he set up Comtec in 1995. The firm grew to reach a turnover of PS14m before a PS27m management buyout in 2008.

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