COVOLCooperative Office for Voluntary Organizations, Inc. (Norwich, CT)
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Covol has held senior IT sales and marketing positions at some of America's leading software companies including Progress Software, CorVu Corporation, Informix Software and Actuate Corporation.
Covol Engineering, based in Billingham, has secured PS200,000, made up of PS50,000 equity and a PS150,000 loan, from UK Steel Enterprise, the Tata Steel business-support subsidiary, and PS100,000 from NPIF- FW Capital Debt Finance, managed by FW Capital and part of the Northern Powerhouse Investment Fund.
Covol Engineering is forecasting orders of around PS700,000 in its first year and aims to double both turnover and its team in the second year.