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auticon wins Virgin Group as a new investor
Only five months after entering the UK market, auticon GmbH recorded a successful capital increase. The two new investors are Sir Richard Branson's Virgin Group and the Esmée Fairbairn Foundation. At the beginning of 2016, auticon GmbH opened its subsidiaries in London and Paris. With their approach of exclusively using autistic IT consultants with their customers, they also have an extremely positive response there.
London / Munich, October 20, 2016 - Today auticon managing director Kurt Schöffer comes up with an important corporate success: “We have completed a capital increase to strengthen our international business. The new investors are Richard Branson's Virgin Group and the Esmée Fairbairn Foundation. “This investment enables auticon to drive social change towards autism and work.
“It is an honor for us to have such a famous partner on board. We see in our new shareholder Richard Branson not only a financier, but above all a committed strategic partner - especially to expand our UK business with the help of the Virgin Group, ”says Schöffer in the course of the talks with Branson about the investments from and for the UK.
“Purpose is at the heart of what we do at Virgin. It is clear that auticon has similar values with its great work. The low adult employment rates on the autism spectrum are a challenge for British and global societies. It is crucial to support companies and employees in overcoming these hurdles. This is the only way we can enable autistic people to successfully use their unique strengths in the job market, ”explains Branson.
"I am delighted to have gained another investor in the Esmée Fairbairn Foundation, who brings incomparable insights into the development of an inclusive society," said Schöffer.
“At Esmée we invest in projects that contribute to a just and inclusive society. We are extremely happy to help Auticon create permanent positions for people on the autism spectrum, break down barriers that prevent them from participating in daily life and ultimately show what an enrichment these people are in England. " says Esmée Fairbairn CEO Caroline Mason.
In spring 2016, auticon successfully made the leap to internationalization and opened two subsidiaries in London and Paris. “We are also able to convince internationally with the extraordinary model and we receive a large number of applications from people from the autism spectrum. I am very pleased that we are already using the first consultants for well-known customers in England and France, ”emphasizes Schöffer. The German company meanwhile hired its 100th employee. More than a third of the DAX companies entrust their IT projects in the areas of Testing & Quality Management, Transformation & Migration, Data & Business Intelligence, Security & Deep Web Analysis, and Compliance & Reporting to the seven branches.
About auticon GmbH
As the first company in Germany, the IT service provider auticon exclusively employs people in the autism spectrum as IT consultants, as they often have special talents in logic, attention to detail and pattern recognition. Many have a keen interest in IT, physics, mathematics and technology. So that the consultants can exploit their full potential, auticon provides them with qualified job coaches and project managers. This is how auticon combines social and economic goals: The auticon consultants get - often for the first time - a permanent position on the primary job market; the customers outstanding quality work. In Germany, only around five to ten percent of all autistic people are employed on the primary labor market. Before they started working at auticon, almost all employees in the autism spectrum were looking for work or retired early. Because despite their high level of professional competence, many fail because of the communicative requirements of today's working world. Founded in 2011, auticon now employs around 70 people in the autism spectrum in Germany, and the first in England and France since 2016, and has enabled them to take a big step towards a normal professional life.
About the Virgin Group
Virgin is a leading international investment firm and one of the most famous and recognized brands in the world. Created in 1970 by Sir Richard Branson, the Virgin Group successfully entered a variety of industries including mobile telephony, travel & transportation, financial services, leisure & entertainment, and health & wellness.
About the Esmée Fairbairn Foundation
The Esmée Fairbairn Foundation is committed to improving the quality of life for people and communities in the UK now and in the future. To achieve this goal, the Esmée Fairbairn Foundation invests in companies and organizations that bring about positive change with their extraordinary concepts and drive. One of the UK's largest independent charities, with grants of £ 30- £ 35 million annually, the foundation can support a wide range of projects, particularly in the fields of art, children and young people, the environment, social change and nutrition . In addition, Esmée is committed to making up to £ 35 million in social investments in businesses that are both profitable and social.
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