A SOFTWARE firm's buyout has secured jobs and will provide further support for international expansion, its new bosses have said.

The senior management team at Indigo Software, based on the outskirts of Durham City, has taken on the company from founder, Peter McLane.

Earlier this year, Indigo, which supplies warehouse management equipment and employs nearly 40 people, set up a base in Hong Kong to tap into growing business needs, and officials say it has already secured a number of customers.

Under the terms of the buyout, Mike Hill has taken the role of chief executive and is supported by chief financial officer, Bill Ginn, and chief operations officer, Darren Baxter.

Colin Hough and Mark Leavy are overseeing sales with remaining staff continuing in existing roles.

Mr Hill said: “We are delighted to have completed the buyout and believe it is the best possible outcome for customers and employees.”

Mr McLane added: “I am delighted to have created such a successful company and look forward to watching the business continue to thrive.

“The buyout ensures it remains independent.”