A Yorkshire-based dynamic digital disruptor, Converging Data, is on track to increase its workforce and broaden its services over the next six months following a £50,000 investment from UK Steel Enterprise (UKSE).

Specialists in data analytics and cyber security within the financial services, healthcare, pharmaceutical and supply chain logistics sectors, Converging Data allows organisations to harness the value of their existing data using the ‘Splunk’ machine data platform.

The investment from UKSE – a subsidiary of Tata Steel – was made in November 2017 to assist with job creation and business expansion. Operating from branches in Barnsley, Leeds and Sydney, Converging Data has significant global reach, operating as a single team across multiple time zones. In the UK, the Converging Data team has established longstanding relationship with Barclays, NHS England, The London Clinic and NHS Digital, to name a few.

Established in Sydney, Australia in 2013, UK lead Neil Murphy founded its Barnsley site in November 2015 and continues to work closely alongside its overseas division.

Speaking of the investment deal, Neil Murphy commented: “The funding that we have received from UK Steel Enterprise is vital to our continued growth and expansion as we continue to drive the business forward.

“Allowing us to appoint three new sales specialists, the funding will also ensure that we acquire the technical expertise required to support our services, furthering our national and international scope.

“It is of key importance to us that we invest in talent across the Yorkshire region, and with requirements for technical expertise only increasing in the area, our expansion will help us to satisfy the demands for our services.”

Alan Stanley from UK Steel Enterprise said: “Neil has built Converging Data up from a start-up in the UK to a rapidly expanding business with numerous blue-chip clients in less than two years, and we are delighted to have provided this investment to assist with further growth and job creation in the Yorkshire and Humber area.”

A subsidiary of Tata Steel, UK Steel Enterprise provides equity and loan finance to growing companies. Established businesses in need of growth finance can contact the UK Steel Enterprise team on 0800 915 1188.