Member Article

Mining software firm from North Yorkshire gets funding and jobs boost

A Hinderwell firm that specialises in software for the mining industry is expanding and creating jobs following a significant investment by Finance Yorkshire.

The founders of ProFound Mining, based in Hinderwell, North Yorkshire, have been providing software solutions to the mining sector worldwide for 25 years.

The company now plans to commercialise its expertise through the development of software products.

Finance Yorkshire’s Equity Linked Investment will be used to employ three additional programmers and a sales manager to bring the products to market, taking the number of jobs at the company from three to seven.

ProFound Mining was founded by Peter and Helen Nathan. They are located near Cleveland Potash Boulby Mine – one of the UK’s last operating deep level mines, and in the area of the proposed York Potash Mine.

Peter, a qualified civil engineer who hails from South Africa, said: “We are developing a whole range of applications which will change the way that mining companies deal with data,”

“One of our applications, known as pro-HSE, enables not just mining companies but any company in the manufacturing, construction and quarrying industries to keep data that is highly personal to each of the people they employ.

“The data is logged by individual and includes safety in the workplace, near misses, accidents, training, risk assessment and audit. This means companies can be much more efficient and accurate in the way they record and measure their data.”

ProFound Mining was advised on the deal with Finance Yorkshire by Steve Gledhill of SJG Consulting and by Asad Ali of Blacks Solicitors. Dr David Belford joins the company as chairman.

Darren Morris, Finance Yorkshire investment manager, said: “Peter has brought years of experience in software applications to bear on the development of his business.

“Our investment will enable the company to move ahead with its commercialisation strategy which will allow the mining industry worldwide to benefit from modern software practices.”

This was posted in Bdaily's Members' News section by Clare Burnett .