MWS Technology (MWS) is delighted to announce the investment of over £1m from the Guinness Asset Management EIS fund and the appointment of three new board members.
The investment from Guinness Asset Management will enable MWS to further develop its sales and marketing team, invest in product development and create eLearning content. Commenting on the investment, Guinness Asset Management’s Shane Gallwey said: “MWS is a clear leader in the apprenticeship technology space, with a strong reputation built on its high-quality leadership team and end-to-end apprenticeship delivery software, Aptem. We hope that, with our investment, MWS will be well positioned to improve learning in a sector which is so important to the UK economy.”
New board members are Michael Jackson, Shane Gallwey and Paul Mullins OBE, with Paul assuming the Chair.
Paul has been a mergers and acquisitions adviser for 25 years at Schroders, Citigroup, Bank of America and DC Advisory. In addition to MWS, Paul is chair of The Unilink Group, supplying expert secure environment systems used in prisons and other justice facilities and chair of the Education and Training Foundation, the national professional development body for Further Education and Training supported by the Department for Education. Paul received an OBE in 2017 for services to business and industry.
Michael Jackson MA FCA founded Elderstreet Investments Limited in 1990 and is its executive chairman and director of several Elderstreet investee companies. For the past 24 years, he has specialised in raising finance and investing in the smaller companies quoted and unquoted sector.
Shane Gallwey set up the EIS funds at Guinness Asset Management in 2010. Since then the team has invested over £120 million into EIS businesses. He was previously a director of Northland Capital Partners, where his focus was on advising growth companies, and prior to that worked in corporate finance at HSBC Investment Bank. He is a CFA Charterholder.
Richard Alberg, MWS’s CEO, commented: “The government’s introduction of the Apprenticeship Levy has created tremendous opportunities for the sector, whilst also introducing a far more competitive environment. Aptem is clearly the best apprenticeship technology available and with the funding we have raised and the guidance of our new board members, we can further accelerate our growth and ensure that even more providers and learners benefit from Aptem’s capabilities.”