Ian Marchant latterly CEO of SSE and Nigel Ellis, SSE’s former Innovation Director, are to act as Board Advisers to the mobile and web technology business as it aims to grow its presence in the energy market.
SwarmOnline, which was set up five years ago by Andrew Duncan, is developing a number of products including a smart metering cloud and apps to allow consumers to view their home energy consumption through their mobile phone.
Duncan said: “We are a young company, but have secured an enviable client list of blue chip businesses for our consultancy work. We are now looking to re-focus our efforts on also developing products, particularly for the energy sector and Ian and Nigel’s vast experience and array of contacts will be invaluable going forward.”
Marchant, who holds a number of non-executive positions including at Aggreko and as Chair of the Wood Group and the Maggie’s Cancer Charity, said he was delighted to link up with SwarmOnline: “This is one of Scotland’s most innovative companies and Andrew and his team are developing cutting edge technology that will make a real difference to businesses and consumers alike. This is an exciting time to be involved with a growing business as it breaks into new markets and develops new products.”
Ellis, an engineer by profession, spent 34 years with SSE in various roles including commercial development positions, energy trading and latterly new technology investment.
SwarmOnline, which is forecast to grow turnover by 40% to over £1.5m this financial year, has developed apps for companies across sectors including E.ON, Clydesdale Bank, Shell, Panasonic, Scottish Widows and Etihad Airways.
In 2016 Duncan, who is a regular speaker at international tech conferences, completed his first acquisition when SwarmOnline took over Edinburgh-based digital agency Open Platform. This increased the company’s footprint in the oil and gas and financial services sectors, which are further growth targets for 2017.