by David Prior
Manchester ecommerce agency Space 48 is to boost its sales team and explore international opportunities after securing a cash injection from private equity investor Foresight.
The undisclosed investment will look to take the company - which has around 50 staff and is on track for in excess of £4m revenue in 2021 - through its next stage of growth .
Space 48 provides a full range of ecommerce consulting services to the likes of Ordnance Survey, Richer Sounds and Bettys & Taylors of Harrogate.
As part of the deal, Foresight will appoint a chairperson from the industry who will be instrumental in leading the business through its next phase of growth, driving operational efficiencies and exploring expansion opportunities.
Oracle Joins HPE, Tesla In Moving HQ To Texas
“The California companies are not moving operations to Texas, but instead are mainly moving their headquarters. This seems to be mainly for taxes, or maybe for cheaper talent. But Silicon Valley has a reputation for talent,” says John Woodall, vice president of engineering west at General Datatech and long-time Silicon Valley resident. By Joseph F. Kovar December 14, 2020, 08:53 AM EST
Software vendor Oracle is following a couple of its high-tech peers, including Hewlett Packard Enterprise and Tesla, in uprooting its headquarters from California’s Bay Area.
Oracle, currently based in Redwood City, Calif., on Thursday officially changed its corporate headquarters location to Austin, Texas, as part of a flexible employee work location policy, a company spokesperson said via a statement emailed to CRN.