Bracknell: Software company TDB Holdings to expand after £500k boost from Santander
Bracknell-based IT software company TDB Holdings is set for expansion after securing £500,000 of investment finance from Santander’s Breakthrough programme. The investment will result in 14 new jobs. TDB Holdings, which trades under the TDB Fusion brand, is a specialist provider of IT and data centre management solutions. The company was formed in 2002 by brothers Colin and Richard Aurelius as a reseller and systems integrator of third party IT management software, including fault monitoring and reporting, performance monitoring and configuration management for IT operations. In 2007 they began expanding the business with the development of the Federosä suite of products. The company now works with both national and international customers in the design, implementation and integration of IT management systems as part of a unified service management strategy.
TDB will use the funding to increase its sales and consultancy teams to help grow and service its customer base, as well as investing in the expansion of its software development operation.
The £500,000 investment is growth capital finance from Santander’s Breakthrough programme. Growth Capital funding provides mezzanine-based finance at a low rate which bridges the gap between traditional bank lending and angel and equity investment, helping to fill the recognised investment funding gap for smaller UK companies. The Growth Capital loan is backed by the Government’s Regional Growth Fund. In addition, the company will benefit from £350,000 of traditional bank funding to support its working capital growth.
Colin Aurelius, co-founder and CEO of TDB Holdings, said: “We are delighted to have secured this investment. We have been steadily building our business and have now reached the stage where we are ready to accelerate our growth. However, getting the right type finance to invest in the right staff for this type of growth can be challenging for a company of our size, as it takes time to realise the value of this investment.
“Santander has the vision to see the long-term value in our plans and has the right products to support us through this period without us having to sacrifice ownership in the business.”
Darren Hart, head of Growth Capital at Santander Corporate & Commercial, said: “TDB Holdings is entering an exciting new phase of its development, and we are proud to be able to support them through it with this injection of growth capital. With a proven track record, high quality product suite and expertise, and strong management, TDB Holdings is well placed to make every success of this next stage of their venture.
“At Santander we are committed to helping small companies achieve their growth ambitions. Only by enabling small business owners to expand and grow their businesses, will they in turn be able to create the jobs and demand to drive forward UK economic growth and dynamism. That is why we created the Breakthrough programme, to provide smaller companies with both the finance and support they need to help them achieve this growth.”
