Gateshead ICT firm plans headcount growth as turnover set to reach £2m
Gateshead-based Smart IT is planning further expansion after enjoying significant growth in the last 12 months. Profits at the Team Valley Trading Estate provider of ICT solutions have grown by 22% in the past year as demand from public and private sector SME clients have pushed turnover at the firm to almost £2m. Smart IT’s Managing Director, […]
Durham tech firm secures future following six figure Growth Fund investment
Durham tech business Powerdial Services has received a six figure investment from the Finance for Business North East Growth Fund, which has helped to propel its fortunes over the past two years. The firm provides business collaboration and ICT solutions, and has achieved more than 40% year-on-year revenue increase over the last 12 months, as well as […]
Razorblue hoping to find North East tech talent
Razorblue Group, an IT company with operations across Yorkshire has opened its first North East office. The 10 year old company employs a workforce of more than 40 across its Catterick, Leeds and London bases and recently posted record results. The company plans to use the new base to increase turnover from £3.5m to £4.5m. Based […]
Smartgate Solutions seeks investors
Leeds-based Smartgate Solutions helps companies to carry out time-consuming and often complex operational tasks is seeking further investment to help it expand. The software business was founded in 2012 by Paul Johnson and Lee Williams, has launched a pitch on the Syndicate Room platform having already raised £400,000 from the Finance Yorkshire Seedcorn Fund, and […]
£112 million takeover for Target Group approved
The £112m takeover of Chester-based financial services outsourcing and software provider Target Group can go ahead after it was granted approval by the Financial Conduct Authority (FCA). Indian multinational Tech Mahindra is behind the aquisition, and plans were revealed in May 2016. However, the deal was subject to the approval of the regulator which has now […]
Rapid growth at Sunderland telecoms firm following six new hires
Telcoms and IT company has announced expansion following the appointment of six new members of staff. Sunderland-based CCS works with brands such as Nike, Russell Hobbs, and Puma, and has recently announced ambitious plans for growth following the recruitment of a new UK sales manager, with the business now taking on a further six new […]
Hull becomes a Gigabit city through CityFibre initiative
Infrastructure provider CityFibre has named Hull as the UK’s next Gigabit City as it rolls out ultra-fast connectivity in partnership with Hull-based telecoms company, Pure Broadband. Hull businesses will have a choice of digital infrastructure as CityFibre opens up a next-generation pure fibre network in the city. The network, which spans 62km, will provide local businesses […]
Startup investment for Tracsis as “significant progress” sees revenue hike
TRANSPORT software business Tracsis has reported revenues of £32m, up 26% on last year as it also announced investment in a startup. The company said that it had made “significant progress” during the year with the integration of two acquisitions, £19.5m Ontrac and SEP – which had a record trading year. During the year it […]
UKFast on track for £40m turnover
MANCHESTER-based technology company UKFast has said it is on course to hit a record-breaking £40m turnover in its current financial year, with five months still to go.It will be the firm’s 17th cons…
Tech North ready to bring in global talent to boost Northern firms
Law firm Ward Hadaway has teamed up with Tech North, an organisation set up to champion the digital sector in the North of England, to help identify the best international talent capable of boosting the regional sector. The Top 100 UK law firm, which has offices in Newcastle, Leeds and Manchester, is working with Tech North […]
Newcastle 3D visualistion firm Zerolight heads to Live Works building
Zerolight, is relocating its headquarters to the Live Works building on Newcastle’s Quayside. It will take over all four floors of the building before the end of year. Incorporated in 2014, the 80-strong company provides 3D visualisation solutions – both in physical showrooms and online – for automotive brands such as Audi AG and Pagani Automobili. […]
Sage customer information at risk in data breach
Newcastle-headquartered software giant Sage has been the victim of a data breach which may have compromised the personal information of employees at 280 businesses across the UK. Police are investigating the incident which Sage believes was the “unauthorised access” of data by someone using an “internal” company computer login. A Sage spokesperson said: “We are […]
Tech firms targeted in North East’s active deals market
In the first half of 2016 the overall M&A market was dominated by uncertainty and the impending EU referendum vote – but when it came to deal volumes, the North East seems to have bucked the national trend, as PAUL MANKIN, corporate partner at PwC explains. Globally Thomson Reuters recorded an annual 5% decrease in […]
Sci-Tech Daresbury firms collaborate on £21.5m worth of business
The business generated through Sci-Tech Daresbury companies, universities and national science and research body the Science and Technology Facilities Council (STFC) grew from £4.9m in 2014 to £21.5m in 2015. Businesses at the Cheshire site, a location for high-tech business and leading edge science, found that 74 per cent of them were collaborating with either […]
Newcastle and Gateshead take public Wi-Fi network to the streets
Newcastle and Gateshead councils have extended their public Wi-Fi network for a further 10 years with assistance from BT and the government. Newcastle City Council and Gateshead Council have extended an existing public Wi-Fi network beyond key public buildings and council facilities to the streets of Tyneside, enabling residents and visitors to access high speed connectivity […]