- Type of finance
- Business need
Developing a tech venture
"This acquisition opens up an exciting new chapter for our software and is a result of the hard work by everyone at Hudman."
Cwmbran-based technology company Hudman was acquired by Advanced, the UKs third largest software and services company.
Hudman provides cloud based enterprise and accounting software for manufacturing, engineering and construction industries.
The 2017 deal was the first exit from the Wales Technology Seed Fund, less than a year after the Technology Venture Investments team made an equity investment in the company.
David James was introduced to the company as a business angel by Angels Invest Wales.