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Indigo Software, which works with Puma, buys North-East base
A SOFTWARE firm supporting a global sportswear brand is continuing its growth after cementing its place in the region.
Indigo Software, based in Durham City, has bought a 10,000sq ft building on Belmont Business Park.
The company, which employs 31 people, has also launched its warehouse management software into wider markets.
Its current package is already used to track warehouse stock levels by sporting firm Puma, the company that backs world record holding Jamaican sprinter Usain Bolt.
Peter McLane, Indigo managing director, said: “Our new software was developed in response to the changing needs of the marketplace and can be used by customers to track huge volumes of stock globally.
“As part of our plan to keep growing in 2014, we’re also continuing to develop new products to help keep us ahead of the competition.”
Bill Ginn, Indigo's finance director, added: “The finance package provided by Lloyds was the best of any bank we had approached.”
Indigo was supported by Lloyds Bank Commercial Banking to buy the building, which provided a £400,000 loan under the Government-backed Funding for Lending Scheme.
Nic Franklin, Lloyds' relationship manager, said: “Indigo is a superb business that has shown that there are still opportunities to grow, even in challenging economic conditions.”