Entirely Tech

MANCHESTER TECHNOLOGY NEWS


Manchester-based NorthEdge harnesses AI technology to boost investment


NorthEdge Capital has teamed up with artificial intelligence (AI) firm, Peak, to develop a first-of-its-kind platform set to revolutionise deal origination in the private equity sector through the pow



Manchester-based NorthEdge harnesses AI technology to boost investment

NorthEdge Capital has teamed up with artificial intelligence (AI) firm, Peak, to develop a first-of-its-kind platform set to revolutionise deal origination in the private equity sector through the power of AI.

Having identified a gap in the market for a more automated process to sourcing off market investments, NorthEdge approached Peak to find a solution.

Using Peak’s AI System with machine learning and deep learning technologies – both of which are forms of AI – the partnership will see NorthEdge quickly and efficiently identify new investment opportunities.

This partnership and future-focused approach will be driven by the data collected on the system and the bespoke algorithms developed with Peak’s world class data science team. The NorthEdge team aims to improve its deal origination rate, while significantly reducing time spent on desk-based manual research, freeing up capacity to spend with existing portfolio companies in the North of England and Midland regions.

Ray Stenton, partner and head of new business at NorthEdge Capital, added:

“We believe that artificial intelligence and machine learning are set to revolutionise deal origination, not only at NorthEdge but the entire sector. By working on this project with Peak, we are staying one step ahead of the curve, building a stronger picture of the investment market.”

"There are so many facts to validate that AI-powered businesses are excelling away from the pack, and the use of AI for deal origination at NorthEdge is an extremely exciting example of that."
Richard Potter, co-founder and CEO of Peak



“The new AI-powered platform will give us access to more data to make better decisions, leading to a better outcome for both NorthEdge and our investors.”

Peak’s AI System is a central system dedicated to AI and machine learning, developed to deal with huge volumes of data from multiple sources at incredible speed. Putting AI at the heart of a business without disruption, the AI System is powered by machine learning algorithms that continuously learn and get smarter over time, unbiased and error-free.

Richard Potter, co-founder and CEO of Peak, said:

“There are so many facts to validate that AI-powered businesses are excelling away from the pack, and the use of AI for deal origination at NorthEdge is an extremely exciting example of that.

“The results we have seen to-date have the potential to transform the private equity industry as we know it and we’re looking forward to watching this develop in the coming months.”

NorthEdge has been one of the most prolific private equity investors in the North of England in recent years and has had a busy 2018, investing £75m to date as well as raising its £120m SME Fund I to invest alongside its main Fund of £315m.




DISCLAIMER: The statements, opinions, views and advice expressed in this article are those of the author/organisation and not of ENTIRELY. This article should represent information correct at the time of publication however whilst every care has been taken to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. ENTIRELY will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within this article or any information accessed through this site. The content of any organisations websites which you link to from ENTIRELY are entirely out of the control of ENTIRELY, and you proceed at your own risk. These links are provided purely for your convenience and do not imply any endorsement of or association with any products, services, content, information or materials offered by or accessible to you at the organisations site.







JMC IT


Founded in 1981, JMC IT is an award-winning IT support partner based in Agecroft, Salford.






Kieron James

Entrepreneur


Kieron started his career as a Teacher before moving into the emerging market of web domain names sales in 1999. In 2005, he branched out into telecoms, founding Zimo,which won the industry's Service Provider of the Year Award in 2008. He went on to cofound Nexbridge, wich provides industry-leading telecoms services to communications providers and recently branched out into IP telephony services with the popular WHYPAY conferencing service which offers free conference calls to UK businesses.






Stonehouse Logic


StoneHouse Logic provides IT systems that resolve the limitations and frustrations our clients are faced with, as well as offering services and software that maximise their productivity and profitability. \r\n






LouisJames Davis

CEO and Founder VST Enterprises


Louis-James Davis is Founder and CEO of VST Enterprises, a revolutionary tech company that has invented concepts that aim to revolutionise the banking sector with a focus around consumer interaction and security. In 2011, Louis-James received the award for young entrepreneur of the year BEI International.Louis-James has since spoken at many exhibitions and conferences on behalf of VST Enterprises, MIDAS, UK Trade Investment and the Manchester Universities.






VST Enterprises

Technology Enterprises


VST Enterprises is a revolutionary tech company that aims to bring forth various concepts to boost physicaldigital asset traceability, eliminate counterfeiting and fraud as a whole and revolutionise the banking sector with a focus around consumer interaction and security. VST Enterprises has created the revolutionary VCode, VPlatform. VST Enterprises was established by partners Louis-James Davis and Andy Giblin, who share a passion for all things related to design, development and coding.






RECOMMENDED FOR YOU ON ENTIRELY NORTH WEST