New tech investor comes to Scotland

US-Cloud-based tech company expands its operations to Scotland creating 40 new jobs.

Elcom Systems Limited, which specialises in eProcurement and eFunding solutions, has opened up a new office in Glasgow with plans to create 40 new jobs.

The Braintree-headquartered cloud-based eProcurement company provides digital and automated purchasing, invoice handling and cash management services.

Glasgow is the latest location to be added as part of Elcom’s global growth, which already included offices in London, Boston, Belgrade, Johannesburg and Sydney.

One of the projects it will deliver from Scotland is a new eFunding platform aimed a public sector supply chains. This will combine technology and capital, so large organisations can support local suppliers.

The company will become part of Scotland’s booming tech sector. This growing sector contributes £4.9 billion to the Scottish economy, supports nearly 100,000 jobs and is growing one and a half times faster than the overall economy.

“Whilst Scotland is core to who we are and what we do, our ambitions are global. We are exporting the Scottish experience, knowledge, and know-how.”

William Lock, Chairman of Elcom

The investment is being supported by a £700,000 Regional Selective Assistance (RSA) award from Scottish Enterprise, Scotland’s national economic development agency. The RSA award was announced at a visit to Elcom’s new Glasgow city centre office by the Scottish Government’s Finance Secretary Kate Forbes.

“Technology is forecast to be the fastest growing sector in Scotland by 2024 and we are focused on reaching our full potential in an increasingly digital world.”

Kate Forbes, Scottish Government Finance Secretary

You might also be interested in

How space data can protect the planet

The story of space technology developed by Ecometrica in Edinburgh that’s helping to protect and restore tropical rainforests.

Infrastructure and connectivity

Scotland has excellent transport links to the the UK, Europe and the rest of the world, as well offering a first-class digital infrastructure.

Locations for your business

Scotland’s cities and regions are booming. Glasgow, Edinburgh and Aberdeen cities are all among the top ten cities in the UK for attracting international investment.

Ask our experts

Got a question about investment opportunities in Scotland? We’re always ready to help.