VNC Automotive firmly in the driving seat with HSBC support

Cambridge-based VNC Automotive, owned by Tom Blackie, has completed a management buyout of RealVNC’s automotive division using a seven-figure funding package from HSBC UK.

Tom Blackie was instrumental in setting up the automotive arm of RealVNC in 2009, providing manufacturers of electronic car equipment with state-of-the-art software solutions for car to smartphone connectivity. Now trading as VNC Automotive Limited, the team will continue to work with its existing clients while bringing new staff members on board to help the business build new partnerships with manufacturers.

Tom Blackie, Chief Executive Officer at VNC Automotive Limited said: “Thanks to HSBC’s funding, I’ve been able to forge my own company and I’m really excited about the opportunity I now have to improve and expand the business.

“One of my main objectives over the next 12 months is to take on new team members with extensive experience in this industry in order to help us serve our current customers better as well as be in a stronger position to go after new business.”

David Skipp, HSBC UK’s Area Director for Business Banking in Cambridgeshire, Essex and Suffolk, said: “We are delighted to have supported Tom’s acquisition of the business he helped set up a decade ago. He has a clear idea of what he wants the future of VNC Automotive to look like and, with a well-established presence in the market and the team’s technological expertise, the company is in a strong position to grow substantially over the next few years.”

See also: VNC Automotive launches as an independent company

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