Altech Software Ltd, a Cwmbran (South Wales), UK-based provider of software applications for the food manufacturing industry, has raised £610,000 in funding.
The funds were provided by Finance Wales, which committed £300,000, the Welsh Assembly Government, which awarded an additional £310,000 grant through its Single Investment Fund.
The company will use the funds to commercialize its Vision For Food software applications, which is designed to manage and monitor flexible processes that are not well served by current systems. According to the company, with Vision For Food, “management can improve efficiency, enhance quality and safety compliance whilst reducing waste, improving customer service and margins at the same time”.
The company also operates an office in Hong Kong.