More jobs created from investment for IT firm

A SEVEN figure investment has help the co-founder of IT specialist Advantex take control of the Gateshead firm.

- TOM KEIGHLEY Business Writer

David O'Connell started the business in 2002 with his brother Steve - going on to grow it by providing IT, communications, and IP security solutions.

Now the Follingsby Park-based firm will be led solely by managing director David, who says the 70-strong business is well placed to generate further growth. Funding has come from Northern Powerhouse Investment Fund II (NPIF II) - NEL Debt Finance, which is managed by NEL Fund Managers.

David O'Connell said: “Throughout our journey, we've built Advantex on the foundations of technical excellence and an unwavering commitment to our customers’ success.

“The significant growth we've achieved, particularly over the last 18 months, demonstrates the strength of our business model and the exceptional capabilities of our team.