NSW govt backs Sydney software company to create 95 jobs

​Following a NSW government initiative, a Sydney software company is set to spread its wings nationally with the goal to create 95 jobs over five years.

Surrey Hills based Momentum Cloud received an 'Accelerating Growth Loan' from Jobs for NSW to assist in building its marketing and sales capacity and ultimately capitalise on a global opportunity.

The software company that specialises in education already has a significant presence in NSW with its Goalhub online learning management platform now in 500 schools, two universities and a number of Government agencies, including the Department of Family and Community Services and Department of Education.

Accelerating Growth Loans are direct loans from Jobs for NSW that are allocated to emerging and fast-growing small or medium-sized enterprise that are scaling rapidly and creating jobs in NSW.

Momentum Cloud co-founder Aaron Hughes says Jobs for NSW has been extremely helpful in supporting the company and he is confident about its growth prospects.

"Jobs for NSW's support has given us a solid launch platform to enable us to grow our business nationally and internationally," says Hughes.

According to the NSW government, Momentum Cloud was chosen because the company is showing innovation with high-growth potential both here in Australia and internationally in the United States and United Kingdom.

Hughes says they initially started the company with the aim to provide markets with innovative research-backed tools to support learning and performance management on a cloud platform.

"We wanted to provide a new level of thinking and a more modern suite of tools for schools and we have been evolving our platform to arrive at the goal-based coaching and mentoring platform," Hughes says.

"Goalhub now supports all organisations to align their organisational purpose and goals with an individual's goals while empowering the individual to achieve their best. In the next six months we will look to expand the use of Goalhub by small to medium enterprises, schools and government organisations across Australia and in the US and the UK.