Nov 11, 2021

Mowgli Street Food backer part of £1.5m investment into contact centre AI firm TMAC is headquartered in Manchester and has operations across the Midlands Sean Northam, co-founder and chief revenue officer of TMAC, Jordan Lavender, investment manager at Foresight Group, Stephen Edwards, non-executive chairman of TMAC, George Hartson, co-founder and chief technical officer at TMAC, Jimmy Hosang, CEO and co-founder of TMAC, Kelly Scanlon, chief financial officer at TMAC and Lily Chung, finance manager at TMAC Sign up to FREE email alerts from BusinessLive - Enterprise - good ideas, product development and SME news every WednesdayInvalid EmailSomething went wrong, please try again later. Subscribe We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Thank you for subscribingWe have more newsletters Show me See our privacy notice The private equity firm behind the likes of Mowgli Street Food is among a number of backers which have invested about £1.5m in a Manchester contact centre software company. Foresight Group has provided £749,000 of growth capital investment to The Modular Analytics Company (TMAC), using equity finance from the Midlands Engine Investment Fund, as part of the funding round, alongside the Greater Manchester Combined Authority Fund. Founded in 2018 by Jimmy Hosang and Sean Northam, TMAC based in Manchester and has significant operations across the Midlands. TMAC’s proprietary artificial intelligence and machine learning software drives "efficiency, reduces costs and improves results" for large contact centres primarily in the insurance, retail and banking sectors. The funding round will allow the company to develop its software as a solution platform as well as make key senior hires as it consolidate its East Midlands base. Jordan Lavender, investment manager at Foresight, said: "We are delighted to be supporting TMAC on its next stage of growth. "With digital transformation projects becoming more widespread in organisations, TMAC is well placed to take advantage of this flourishing market. Get your BusinessLive news direct and all in one place Stay in touch: BusinessLive newsletters have been re-designed to make them even better. We send morning bulletins straight to your inbox on the latest news, views and opinion. Get our breaking news alerts and weekly sector reviews too. Sign up now - it's free and it only takes a minute. "The team have extensive experience in this sector and I am pleased they have selected Foresight as their partner for the next exciting phase of their journey." Jimmy Hosang, CEO and co-founder of TMAC, added: "I’d like to thank the British Business Bank, Foresight Group and the Greater Manchester Combined Authority in supporting us in our vision to create a market leading AI company that the regions can be proud of. "This investment will allow TMAC to invest in our products and create numerous jobs across the Midlands and Greater Manchester which are both high quality and diverse in nature, including speech analytics consultants, data engineers, product and UX specialists and B2B marketeers." Read More