Browne Jacobson advised Foresight Group on the deal.
Foresight Group LLP invested in artificial intelligence and machine learning SaaS provider The Modular Analytics Company Limited (TMAC), funded by the Midlands Engine Investment Fund (MEIF). The investment forms part of an aggregate c.£1.5m million round, with co-investment provided by the Greater Manchester Combined Authority (GMCA).
TMAC was founded in 2018 by Jimmy Hosang and Sean Northam with a vision to change the way data science is understood and applied. TMAC’s contact centre solutions software helps operators make better decisions faster, improving customer experiences, and generating, accelerating and modulating results to deliver value quickly. The business works with a diverse client base made up of blue chip and FTSE 100 clients that cut across the retail, banking, financial services and media sectors.
MEIF is an initiative supported by the European Regional Development Fund and forms a key part of the UK Government’s strategy to support the region’s economic growth through strategic investment in SMEs.
The Browne Jacobson team was led by associate Matt Bolton. Matt was assisted by associate Bethany Pickup and they were supported by Browne Jacobson private equity partner, Gareth Davies (Picture).
Law Firms: Browne Jacobson;
Clients: Foresight Group;