York software firm announces acquisition and worldwide expansion plans with six figure funding

A York business software provider has announced that it is expanding its worldwide operations after securing a six figure funding package.

Onesys Group has received the package from HSBC UK, which has helped to fund the acquisition of Sage Coretime, a project management software firm which marks its biggest acquisition to date.

Following the acquisition, the firm predicts that it will be recruiting at least four additional staff and increasing turnover by 40 per cent.

The deal will see Onesys grow its customer base by 25 per cent, and will enable it to make “significant” savings.

Richard Knowles, managing director of Onesys Group, commented: “Our growth strategy is centred on making acquisitions that broaden our customer base, as well as our technical skills and expertise.

“This is the fourth acquisition we have made with HSBC UK’s backing, and it represents a major leap forward for Onesys, as over 800 businesses worldwide use this leading software, with our latest sale today being in Kazakhstan.”

Stephen Smith, relationship manager for HSBC North & West Yorkshire, added: “It’s fantastic to see Onesys continue to meet its ambitious acquisition-focused growth strategy.

“HSBC UK has worked with Onesys 10 years and throughout this period we have seen the business grow into a major player in its industry.”

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