Digital solutions company Cortex Worldwide marked its fifth year in operation by reporting double-digit revenue growth in 2019 and increasing its headcount to 35 at its Edinburgh headquarters.
Cortex is also poised to announce a series of new business wins, including one of the UK’s leading banks, and high-profile board appointments during the first half of 2020. The company already has a large domestic and international client base, including Microsoft Education.
Founded in 2014, the company secured a management buyout from WPP in 2017. The firm is led by CEO and founder, Peter Proud, formerly a senior executive at Accenture and Microsoft, and the company’s board includes John Waddell, former CEO of Scottish angel investment group Archangels.
Proud commented: “We are now moving rapidly from a technology services company to a cloud-native global software business. We have a fantastic team, a best-of-breed product and some exciting new client wins to announce over the next few weeks and months.
“Overall, we’ve got big ambitions and have set our sights on being one of the next big things to come out of the Scottish tech scene.”
As well as rapid growth, in 2019 the company achieved carbon neutral status following an extensive exercise that involved changing suppliers, offsetting emissions and implementing waste management processes.
- Australian Tech Firm Encompass to Create 33 High-Value Jobs in Glasgow
- Edinburgh Gets Broadband Boost with Vodafone’s Gigafast Service
- The Biggest Trends Impacting Cybersecurity in 2020
Over the past few months, the company has attracted significant US interest and has plans to launch offices in New York and London.
“While the business continues to be self-funded, and we think that’s the right approach at this point in time, we’re not ruling out VC involvement with the right investors if that enables us to really step up our growth trajectory,” Proud said.
“The offices we are actively planning for New York and London mean we will be closer to our growing customer base in the US and Europe.”
The company is undergoing a major rebranding exercise that is expected to be launched in Q2. Commenting on the rebrand, Proud said: “While our values and culture have remained constant, we are rebranding to better reflect how we help our clients drive digital transformation with a product that is now making a big impression with CIOs, CMOs and senior management teams at large corporates in the UK, Europe and the US.”