Saudi procurement technology firm Penny Software opens UK office under Northern Ireland leadership

Penny Software, an AI-driven procurement technology provider based in Saudi Arabia, has launched its UK expansion with a new office in Derby under the leadership of Draperstown entrepreneur Henry Joseph-Grant. The platform, which serves enterprises across more than 75 countries, will use the UK office as a regional hub to support growing demand from UK, Ireland and European clients.

Northern Ireland World reported that Penny Software was founded in 2020 and has established itself as a B2B digital procurement solution provider. The platform digitises the full procurement lifecycle, from purchase requisitions and sourcing through to invoicing, payments and spend analytics.

The UK office will focus on customer success and strategic partnerships, building on recent collaborations with organisations including KPMG, McKinsey, Voltalia and MSC. The expansion aims to accelerate local partnerships and enhance service delivery for businesses seeking AI-powered procurement tools amid increasing economic, regulatory and efficiency pressures.

Henry Joseph-Grant, head of global expansion at Penny, said: "Opening our UK office is a natural and exciting progression as we continue to expand our footprint and scale Penny's innovative procurement solutions to more mid-market and enterprise level organisations worldwide."

He added: "The European market represents a key opportunity with its mature procurement landscape, strong emphasis on digital transformation, and forward-thinking enterprises looking to drive cost savings and compliance."

Penny's cloud-native platform integrates with major enterprise resource planning and finance systems, with deployment timelines designed to deliver measurable return on investment within weeks. The company, headquartered in Riyadh, targets mid-market and enterprise organisations seeking to replace existing procurement technology or implement new digital procurement capabilities.

The UK launch positions Penny Software to capitalise on European demand for procurement digitalisation and AI-driven spend management solutions.

Explore Penny Software's UK expansion strategy and procurement platform capabilities.