A Suffolk business designed to support the growth of entrepreneurs and businesses around the county has announced the completion of a significant equity deal.
Shout About Suffolk, which launched early in 2019, has confirmed it is taking a 50% stake in the successful Melton-based digital agency, Infotex.
Infotex has over 20 years’ experience of helping companies develop their brand presence, through online activity, website design and digital marketing.
In recent months it has played an intrinsic part in the support of Shout About Suffolk’s members, by creating websites, apps and digital strategies for several early-stage businesses.
Now, the two firms believe their latest announcement will enhance their collective ability to support entrepreneurs through their commercial journey – particularly as the economy looks to restart after COVID-19.
Paddy Bishopp, founder of Shout About Suffolk, said: “We are exceptionally pleased and proud to be making this announcement.
“Our aim within Shout About Suffolk is not only to nurture the next generation of Suffolk businesses but also to help those talented companies reach their full potential through a well considered strategy which helps elevate their presence to the world.
“We have long shared a great relationship with Infotex and know that thanks to their commitment and dedicated team, they will be able to help more Suffolk businesses achieve local, but perhaps global recognition too.”
Infotex MD, Ant Agar, commented: “This commitment to Infotex by Shout About Suffolk is a tremendous boost, during a difficult time for all of the business community.
“To be an integral part of our clients’ success is something we always long for, and we welcome having the opportunity to share in the excitement that goes with new entrepreneurial ventures.
“Our contribution will be to support these terrific entrepreneurs with our own skills and experience, built up over years of supporting numerous businesses, local, national and global.”
He added: “Infotex can give confidence to investors and entrepreneurs alike that they have an experienced in-house digital team on hand.
“As we all worry our way through this Covid-19 pandemic, we can be certain that the world and our markets are going to be changed forever.
“Online sales and business activity have been critical during this lockdown and it seems that their growth will accelerate. One of the keys to the recovery of our economy and wellbeing is going to be these entrepreneurs, who seize the opportunities to build new businesses in new ways, so it is exciting for all of us in Infotex to be a part of it.”
Infotex staff will continue to operate from their offices in Melton and London post-lockdown, while Shout About Suffolk’s team will return to their home on Riduna Park.