Scottish Companies Hit The Tech track 100
Published yearly in The Sunday Times business section, the Tech Track 100 lists the top-performing private companies based on annual sales rise.
Four Scottish firms have appeared in The Sunday Times’s Tech Track Table, which lists the top performing private companies in the UK in technology, digital media, and telecoms. Published every September, the table ranks businesses based on their average sales growth over the previous three years leading up to the award year.
Firms that rank on the table could enjoy some positive publicity, with household names such as Wonga.com, musicMagpie.co.uk and Skyscanner.net all making appearances in previous years. In 2017, four Scottish firms have enjoyed this distinction.
13th – Outplay Entertainment
Ranking 13th is Dundee-based mobile games developer Outplay Entertainment. Founded in 2010, the firm has since grown into Britain’s, ‘largest independent developer of mobile games’, according to founders Richard and Douglas Hare. Alien Creeps, which challenges players to save the planet by destroying hordes of invading extraterrestrials, is one of the developer’s most popular releases at over 20 million downloads. After a boost of £7.8 million from Oxford Capital Partners, Pentech Ventures and Scottish Investment Bank, last year it acquired Derby-based developer Eight Pixels Square and reported sales of £15.6 million.
57th – Clyde Space
Glasgow-based satellite manufacturer Clyde Space has been ranked 57th place. Founded in 2005 by CEO Craig Clark, the firm has worked with the UK Space Agency, the European Space Agency and MIT. The company has also completed a deal with Outernet, an American broadcast data company looking to providing free internet through a network of nanosatellites. Most recently, Clyde Space has broken into the burgeoning Latin American market, completing a contract with a Mexican client in February.
79th – M Squared Lasers
Specialising in photonic instruments, this Glasgow-based firm has manufactured laser tech to fit a wide range of applications – from quantum technology to biophotonics and chemical sensing. M Squared has also collaborated with MIT, Cambridge and Harvard. The company was founded in 2006 by serial entrepreneurs Graeme Malcolm and Gareth Maker, who had previously developed optoelectronics company Microlase. Last year the firm received a £6.3 million boost from the Business Growth Fund (BGF), allowing its sales to reach £13.9 million last year.
98th – Edge Testing
Glasgow-based Edge Testing helps clients proof their software before it is released onto the market. Since its inception 10 years ago, the company has worked with clients including Heineken, Historic Scotland (now Historic Environment Scotland), the Scottish Prison Service and the Student Loans Company. The company expanded substantially in April, opening a second Digital Test Hub in Birmingham, which created 60 new jobs. Sales reached £10.1 million in 2016, and founder and Chief Executive Brian Ferrie is aiming to double this figure by 2020. The firm has also created the Edge Academy in 2013, which offers graduates, school leavers and career changers the opportunity to work in IT. So far, 60 newcomers have entered the industry through the programme.