OREANDA-NEWS. eVision Industry Software and the European Investment Bank (EIB) today signed an agreement for a loan of EUR 13.5 million. The investment will enable eVision to strengthen its global position as a leading provider of digital control of work solutions. The company will be the second Dutch ICT business to use the innovative new “Mid-Cap Growth Finance” product of the joint EIB-European Commission “InnovFin – EU finance for innovators” programme.

“The EIB uses the InnovFin programme to invest in innovative SMEs and Midcaps in Europe”, says EIB Vice-President Pim van Ballekom. “Investing in innovation is a priority for the Dutch Government as well as the European Commission and it is key for the accomplishment and success of the Investment Plan for Europe. This project with eVision is a great example of our common priority, and a partnership I hope to replicate with other sound Dutch companies".

eVision will continue to invest in its market-leading software platform that helps companies to be in control of their frontline operations. Innovations in digital control of work will help companies address the growing need for operational efficiency and safety control.

“Partnering with EIB gives us the flexibility and freedom to continue our investments in research and development, which is a cornerstone of our success”, says Peter Kortenhorst, CEO of eVision. ”As a result we are in an excellent position to sustain our growth and take advantage of the growing demand for digital control of work”.

The EIB, in cooperation with the European Commission, provides finance and expertise for sound and sustainable investment projects which contribute to furthering EU policy objectives. In August 2015 eVision was the first Dutch company to be awarded 2.3 million Euro grant under the Horizon 2020 program.