Powa Technologies

Type
Business expansion
Country
United Kingdom
Region
London ;
Location of affected unit(s)
London
Sector
Information / Computing
63 - Computing infrastructure, data processing, hosting and other information service activities
63 - Computing infrastructure, data processing, hosting and other information service activities
63 - Computing infrastructure, data processing, hosting and other information service activities
250 jobs
Number of planned job creations
Job creation
Announcement Date
21 August 2013
Employment effect (start)
Foreseen end date

Description

Powa Technologies, a UK- based start-up provider of e-commerce platform services is to create 250 jobs within the UK. 

The company has raised £48.5 m from an unnamed US investor.  The company’s founder Dan Wagner said that the funds were exchanged for a minority stake in the business. 

Additionally, as announced, another 200 new jobs will be created elsewhere in the world. The timeline for the expansion plans is not yet available.

Sources

  • 21 August 2013: The Telegraph

Citation

Eurofound (2013), Powa Technologies, Business expansion in United Kingdom, factsheet number 75785, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75785.