QiSOFT secures £300,000 loan

Leyland-based QiSOFT will create new jobs and begin development of new mobile apps after securing a £300,000 loan.

The finance was provided by Lancashire Rosebud Finance, which is managed by Mercia Fund Managers on behalf of Lancashire County Developments Ltd (LCDL).

 

QiSOFT provides quality management software designed for the process manufacturing sector. QIS is used by customers worldwide for data collection, monitoring and analysis; improving product consistency, optimizing process efficiency, and providing critical information to prevent quality losses and reduce costs. Customers include Unilever, Danone, Jacobs Douwe Egberts and banknotes producer De La Rue.

The company, which employs seven people at its Leyland headquarters, also has operations in the US and the Netherlands and agents in Sweden, Germany, France, Spain and South America.

QiSOFT was founded in 1986 by Kevin Luxton, the Group CEO. Kevin is now based in the USA and the UK operation is run by Samuel Luxton, the managing director.

Peter Rooney, investment manager with Mercia Fund Managers, said: “QiSOFT is at the forefront of quality management software within the manufacturing industry, and its products have a proven track record in helping customers to increase yields and outputs. "The company has an established presence in the US and Europe, but its products are now being used further afield and in the past year have been installed in companies in China, Russia, Thailand and Korea. This funding will help it to continue developing new and innovative products and maintain its position as a market leader.”