Backed by Burnham Private Equity, the company is supported by Microsoft and IBM through acceptance into the Microsoft BizSpark Plus program, Microsoft Ventures Global Initiative via the Microsoft innovation Centre and the IBM Global Entrepreneur Program.
Looking forward, the company plans to ramp up its investment in product development through its expanding team of technical and industry experts.
"Our business model hasn't changed, it's just escalated," Rees added. "As we continue to build out our product capabilities, we will either sell them or create individual standalone companies.
"From an ISV perspective we want to continue to find gaps in the market through collaborating and building unique IP as a result."
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