Encompass Brings Visual Information Management Technology to Scotland’s Smart City
Australian firm invests in Glasgow office backed by Scottish Enterprise grant
Encompass Corporation, provider of industry-leading visual information management technology to the insolvency and restructuring sector, is to invest over £2.2 million opening a new office in Glasgow’s financial services district creating 21 new jobs. The investment is being supported by Scottish Enterprise through a Regional Selective Assistance grant worth up to £357,000.
This is the first head office operation Encompass has established outside its home market of Australia, and marks the start of a planned period of expansion for the company across the UK and other international markets including the United States. In line with this, Encompass is relocating members of its senior management team to the new Glasgow office.
The move further establishes Glasgow’s draw as a leading technology hub after it won a £24 million Future Cities grant from the UK government’s technology strategy board in 2012 to spend on prototype technology projects and develop its vision to be among the world’s foremost smart cities. A perfect fit for Encompass, whose technology enables professionals to simultaneously access, analyse and visualise multiple sources of information to instantly understand company structures and asset ownership, in order to make better, faster commercial decisions.
Alex Ford, Head of Marketing for Encompass, who will relocate from Sydney to the new Glasgow office to help lead the expansion comments: “We recognise Glasgow as a city focused on achieving its key objective to become a tech hub and smart city. We plan to use the grant to bring in highly-skilled staff from the rich local talent pool and take advantage of the city’s strong culture of innovation and cutting-edge research and development and capitalise on new commercial opportunities.”
International sector head for financial services at Scottish Enterprise, Sharon Hamilton, said: “Encompass’ decision to set up its first UK and international base in Scotland is testament to our strong financial services sector and reputation for world-class research and development and technological innovation. Scotland is already home to a number of world-leading companies servicing financial markets, and our high performing, innovative and productive sector makes it the perfect location for Encompass to base its international operations.
“With strong ambitious growth plans we will continue to work intensively with the company, offering strategic advice through our account management programme, and help it to realise its long-term growth potential in Scotland.”
Welcoming the announcement, Deputy First Minister, John Swinney, said: “Only last week the EY Attractiveness Survey showed that Scotland consistently outperforms all parts of the UK, outside of London, in attracting more foreign direct investment projects.
“Encompass’ decision to choose Scotland as the base for its European operations is fantastic news and with the support from Scottish Enterprise, the company joins Scotland’s flourishing financial and business services industry in an attractive and highly competitive location for international businesses.”
For more information about Encompass, to sign up for a webinar or to arrange a one-to-one product demonstration, please visit www.encompasscorporation.com.
About Encompass Corporation
Founded in 2011 by entrepreneurs Roger Carson and Wayne Johnson, Encompass Corporation is the creator of a unique and innovative visual information management platform named Encompass. The company is driven by the belief that the best decisions are made when people understand the full picture.
Operating out of a newly established offices in the UK, Encompass is focused on delivering an innovative solution to the insolvency and restructuring sector. It is a key sponsorship partner of R3, the leading professional association for insolvency, business recovery and turnaround specialists. For more information, please visit www.encompasscorporation.com
Tom Webb The Whiteoaks Consultancy Tel: +44 (0)1252 727313 Email: email@example.com
About Regional Selective Assistance Regional Selective Assistance (RSA) is the main national scheme of financial assistance to industry. It provides discretionary grants to investment projects that will create and safeguard employment in areas designated for regional aid under European Community law.
Payment of RSA is made in instalments, typically over several years as job and capital expenditure targets are met. Not all projects will proceed, and nor do all accepted offers result in full payment, as projects are sometimes scaled down or abandoned before payments are made. The figures quoted represent the maximum grant potentially payable if the project is satisfactorily completed, and not the amount actually paid to date. All job numbers are firms’ forecast figures, and are subject to change depending on future economic conditions and other factors affecting the businesses concerned.
For more information on RSA go to http://www.scottish-enterprise.com/rsa
0300 013 3223