Plexus Innovation to ramp up remote tech with £400,000 investment

A Durham company is poised to take its remote technology into more care homes after a £400,000 investment.

Plexus Innovation has developed Guardian, a remote, automated alert system for care homes and social housing providers, which helps them with important compliance issues and reporting.

Now the North East Venture Fund (NEVF) has announced a funding round worth £400,000 into Plexus Innovation, which is based at the Belmont Business Park.

The funds mean owners Ian Murray and Steve Todd can focus on growing their team, accelerating the development of their next generation of products and boosting market penetration with the Guardian technology.

Guardian focuses on environmental data, including temperature, and is said to have already made a huge difference to those who have invested in the technology.

It helps to reduce the risk of Legionella, ensuring temperature in water or refrigeration units is at optimums, by combining hardware with remote monitoring software.

With the investment from Mercia through the NE Venture Fund and Maven Capital Partners (Maven), which manages the Finance Durham Fund, the entrepreneurs are looking to grow their product and its place on the market.

Mr Murray said: “We are already successfully rolling out our innovative Guardian technology across a range of sectors including care homes, social housing, education, healthcare and hotels. Our current clients have had uninterrupted compliance management delivered remotely throughout a number of lockdown scenarios.

“The remote measurement and alert system, which provides a digital alternative to manual checks, is therefore now proven to be cost effective and reliable at providing accurate measurement. It provides real-time data with a full audit trail, issues alerts, reduces risk and detects a range of key issues not possible via manual measurement.

“We are obviously elated that this investment means we can now roll out Guardian even further, helping more compliance and facilities managers; operational and maintenance teams, and nursing and care professionals to do their job better.”

Michael Dickens, investment manager at Maven, said: “Plexus Innovation has developed an innovative proprietary product that addresses legislative issues, pushing the entire sector into the 21st Century. “Guardian fills a void in the market and is already attracting high profile clients. This means the market opportunity is significant. We look forward to supporting Ian and Steve through the coming years.”

James Allsopp, investment manager at Mercia, said: “Plexus Innovation is already doing excellent work in the care home and social housing sectors, working with names like believe housing and Careline Lifestyles. Given the impact of Covid-19 on these industries, this funding can only go on to ensure that the Guardian technology will be implemented on a wider scale, protecting even more vulnerable people in the North East.”

Sarah Slaven, interim managing director at Business Durham, which oversees Finance Durham said: “We are delighted to be investing in Plexus Innovation, it is an excellent example of the kind of innovative and dynamic company Finance Durham was set up to help.

“The investment will create new jobs in this exciting sector and enable Plexus to take advantage of the opportunities that do and will exist to build a stronger, more resilient economy.”