IVendi on hunt for new staff after finance deal

Specialist IT services firm IVendi is set for a recruitment drive after securing a new finance deal from Santander Corporate & Commercial.

The company is new business, established just three years ago, but has grown at a rapid rate due to its unique market offering. IVendi specialises in developing IT software and systems to support the online retail of motor vehicles as well as related financial services for the industry.

Co-located in Manchester and Abergele, the company now has more than 600 customers, including FirstRand Bank and Trader Media Group. It is now focussed on employing three new members of staff to add to its nine-strong team to help develop its core platform and add-on features to drive the business into its next stage of growth.

James Tew, Chief Executive of IVendi, said:  "This new finance facility will provide us with the working capital we need to take on new experts to help develop the systems and services we can offer to our clients. As online retailing becomes a bigger part of the way we all do business, there is strong appetite for software that makes this process simple and efficient. Our aim is to transform online retailing for both vehicle sellers and buyers, and we are confident that with Santander's support we will be able to get there."

David Parr, Relationship Director for Santander Corporate & Commercial, said:  "We are delighted to have been able to support James and his team with this next stage of their growth journey. IVendi is a truly innovative business, and with this strong management team and high ambitions, we are confident that they will continue to achieve this fast growth and make every success of this new phase of their development."