Tech Capital Investors

The Company is proud to have been a pioneer in the back office workforce optimisation software market. Its software is now being used by over 50 leading international and global companies, with over 100,000 user licences having been sold throughout the world. The market for back office workforce optimisation software is considered by DMG Consulting... LLC, an independent research, advisory and consulting firm, to be growing strongly such that the addressable market for the Company's offering will be approximately £500 million by 2018, whilst the broader workforce optimization market is worth in excess of $3 billion. Furthermore, the Directors consider the opportunity to be made even more compelling by a small number of competitors, to whom the Directors believe the Company's product suite and capabilities, and technical expertise, to be superior. As set out in the Company's interim results, announced on 17 September 2014, the Directors therefore believe that there is significant potential for growth of the business, not only in the market the Company usually operates in (being the US and UK financial services and insurance sectors) but also more widely internationally and in other sectors such as utilities. The Company intends to complement organic growth with strategic acquisitions as and when opportunities arise, particularly where such acquisitions will bring complementary technology to its existing product suite. Significant investment has already been made by the Company in building up a strong base. The Board has been strengthened and a number of key hires have been made to bolster the Company's senior management team. The Company's growing revenues have been matched by increasing investment in direct and partner-led sales channels (for example, the Company's sales team is now the equivalent of nine full-time staff and is intended to grow further). Product development continues with the aim of ensuring that the Company remains a technological leader and to meet particular areas of demand. Accordingly, the ...Read More