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Perspectives on the wonderful world of tech

Twitter Weekly Updates for 2011-10-23

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The Child’s Guide to Business of Software Networking (& a quick tour of the (original) Cambridge)

I don’t generally agree with child labour, unless of course those children are my own. We got talking about Daddy going to Boston.

“What are you doing there?”

“I am running a conference for people that run software businesses and they want to make their businesses better. They come and listen to really interesting people talk about how to do that.”

“Can’t they just watch them on the telly?” “I suppose so but then they don’t get to talk to each other and share ideas, work out how they can help each other.”

“Do they like doing that? Why don’t they use email?”

“Good point actually, not everyone finds it easy. Some of them are quite introverted and shy so can find it hard to talk to people they don’t know at first.”

“What is an introvert? Why don’t I give them some tips?” (The first questions is hard to explain to Violet).

I am pleased to present an 8 year old’s effort at a guide to networking. We had fun making it.

http://businessofsoftware.wistia.com/medias/8a2yp2pjmx?embedType=async&videoFoam=true&videoWidth=640

  • Tip number 1 – Talk to people.
  • Tip number 2 – Be visible & don’t hide behind technology.
  • Tip number 3 – Introduce people.
  • Tip number 4 – Be yourself & be interested in others.

The BLN is now Business of Software

Business of Software runs conferences for people that build great software businesses and products. To access talks online, hear about new events, contact speakers and stay in touch with great ideas, share your email address with us.

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Biscuit

We love our new office. Nice, bright, shiny, new and shared with some lovely people. Also nice to realise what is important in other people’s lives from time to time. If I didn’t understand a word of the company description I just got sent via email, then this inter-office email we just received took the biscuit.

“Due to the increasing amount of biscuits being consumed in recent months it has been decided that from now onwards we will have two biscuit boxes.

“Those of you who prefer a more plain biscuit will find those in the kitchen area, the more fancy ones (e.g. with chocolate on etc) will find these by the lockers in the main office. Stock to replenish both boxes are kept near to them, please ask if you are unable to find them.

“Any questions on why etc please feel free to ask me (verbally).

“Kind regards

“REDACTED”

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Buzz word bingo in company description alert.

You really can’t make this stuff up. This description of a business I have just been sent is one of the most obtuse I have ever seen.

“We offer a web accessed end-to-end project delivery service for the Telecommunications and IT industry using real-time information to improve your project efficiency, quality, delivery speed, customer satisfaction and business profitability.

“Through using our repeatable, measurable and expedient service to improve your project teams and customer experience, you will enhance your reputation to retain customers and turn project delivery into your competitive advantage to win more project business.”

But what do you do? Who cares.

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Business of Software 2011 – where are people coming from?

In some cases, people are coming to Business of Software from almost literally, half way round the world. The antipode of Boston is cold, wet and salty so there is no one who is making the literal journey half way round the world but there are plenty from Australia, New Zealand, South Africa, India, Japan.

We look forward to welcoming you all from Sunday evening.

BoS 2011 Attendees

We have participants coming from every continent except Antarctica. While it would have been good to have completed a full house of continents, perhaps this is just as well in fact as we now have evidence that the inhabitants of the Antarctic continent don’t relaly enter into the spirit of things.

This is where people will be traveling from. Safe journeys and see you in Boston.

  • Franklin, MI
  • Goteborg, Vastra Gotaland
  • Houston, TX
  • Lansing, MI
  • London, London
  • Manchester, MO

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The wall between retail & online commerce is crumbling. Great interview with eBay CEO.

Fantastic interview with John Donahoe, CEO of eBay at O’Reilly Media’s Web 2.0 Summit.

Well worth a watch if you are a pure play or a traditional retailer building multi-channel offering. After all,

“Today, in over half of all offline retail transactions, the consumer access the web at some point in the shopping cycle.”

Join us in London, 4-7pm on November 1st for our first eCommerce Networking Forum, (#eCloud). This is a by-invitation forum for key executives from the multi-channel retail community to meet, discuss issues of common interest with their peers, exchange ideas, and do business. If you are a CIO, CTO, CFO or Director of ecommerce you should give some serious thought to getting there too. eCommerce Networking Forum

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These 50 UK Tech companies have grown revenue by over £1billion in five years

Congratulations to the Deloitte Fast 50 winners for 2011. We are proud to have worked on this programme with Deloitte for the past three years. It is great to see so many companies continue to make a strong showing but also very encouraging to see so many companies thriving in what are difficult times for any business.

We ran a quick analysis – we commented earlier this year that there seemed to be a very small number of the total number of companies with venture capital backing? Has this trend continued? Is the Fast 50 just for small businesses where it is ‘easy’ to show high growth?

The answer in both cases is a resounding, ‘NO!’

Venture Capital and Private Equity Backing

  • Of the 50 companies in the UK Deloitte Fast 50, 23 have venture capital or private equity backing this year. This is 46%, a huge rise over the 16% (8 companies from last year).

Size of company by Revenue

  • The average revenue of the winning companies in their fifth year is a staggering £21,375,000 per annum.

These are decent sized companies by any measure – particularly as they are growing at such impressive rates.

The combined revenue growth over five years of the winning companies is 1,592% with the total revenue of the companies in the top 50 being £1,076,000,000. That is over £1 billion of revenue created by companies that had a combined revenue of less than £70,000,000 five years ago. We think that is awesome.

Employees & R&D

Those companies have also been employing people. The average number of employees across the Deloitte Fast 50 winners is 97. Most interestingly, the average number of employees in R&D activity in those companies is 29 – almost a third of the employees in these companies work in research and product development.

First conclusions.

If you want to know what makes companies grow, don’t sit about and listen to experts pontificate.

Have a look at some of these companies and what they have done right. These are companies that aren’t sitting about, they are focused on growing to meet the needs of their customers. These 50 companies employ almost 5,000 people. What can you learn from them? Congratulations one and all.

Here is the full list. Congratulations to everyone that made it.

Deloitte Fast 50 Winners 2011

  1. FixnetixComputers/Peripherals – 24557% – Private equity
  2. LeadPoint UKInternet – 21801% – Private equity
  3. GPEG International LtdSemiconductor, Components and Electronics – 17716% – Bank
  4. PKRInternet – 9314% – Private equity
  5. RatedPeople.comInternet – 8144% – Private equity
  6. NujiraGreentech – 4487% – Venture capital
  7. MimecastSoftware – 3102% – Venture capital
  8. notonthehighstreet.comInternet – 2720% – Private equity
  9. Voice 2 Voice LtdTelecommunications/Networking – 2610% – Owner funded
  10. Quickstart GlobalSoftware – 2481% – Owner funded
  11. Adconion Media GroupInternet – 2443% – Venture capital
  12. Monitise plcSoftware – 2408% – AIM Listed
  13. Forward InternetInternet – 2388% – Owner funded
  14. Grove GroupInternet – 1817% – Owner funded
  15. eZze-Talk LtdTelecommunications/Networking – 1547% – Bank
  16. Kelway (UK) LtdComputers/Peripherals – 1447% – Private equity
  17. Global Personals LtdSoftware – 1371% – Owner funded
  18. Block Solutions LtdTelecommunications/Networking – 1332% – Owner funded
  19. Cupid plcMedia/Entertainment – 1317% – AIM Listed
  20. Creativity SoftwareTelecommunications/Networking – 1311% – Private equity
  21. Media Ingenuity LtdInternet – 1232% – Private Equity
  22. Mercato SolutionsSoftware – 1219% – Bank
  23. Koozai LtdInternet – 1173% – Owner funded
  24. EssenceInternet – 1139% – Owner funded
  25. SkrillInternet – 1113% – Private equity
  26. Learning PoolSoftware – 1100% – Owner funded
  27. Skyscanner LtdInternet – 1030% – Private Equity
  28. Contigo LtdSoftware – 1019% – Owner funded
  29. Innovise plcSoftware – 1019% – AIM Listed
  30. SciemusSemiconductor, Components and Electronics – 970% – Private equity
  31. Bglobal plcGreentech – 932% – AIM Listed
  32. FrogSoftware – 909% – Owner funded
  33. IsomobMedia/Entertainment – 873% – Owner funded
  34. Ixaris SystemsInternet – 859% – Private equity
  35. DEM SolutionsSoftware – 852% – Private equity
  36. Comtact LtdTelecommunications/Networking – 829% – Owner funded
  37. CV-LibraryInternet – 822% – Owner Funded
  38. NanoSight LtdBiotech/Pharmaceutical/Medical Equipment – 809% – Private equity
  39. BlueGnome LtdBiotech/Pharmaceutical/Medical Equipment – 808% – Angel Funded
  40. TranslateMedia LtdMedia/Entertainment – 785% – Owner funded
  41. Beaming LtdTelecommunications/Networking – 782% – Owner funded
  42. Academia LtdSoftware – 750% – Owner funded
  43. Breathing Buildings LtdGreentech – 749% – Venture capital
  44. Exco InTouchBiotech/Pharmaceutical/Medical Equipment – 730% – owner funded
  45. Content and CodeSoftware – 720% – Owner funded
  46. Geo Networks LtdTelecommunications/Networking – 709% – Private equity
  47. Wireless LogicTelecommunications/Networking – 698% – Owner funded
  48. Reactec LtdSemiconductor, Components and Electronics – 697% – Private equity
  49. ReevooInternet – 683% – Venture capital
  50. The FoundrySoftware – 675% – Venture capital

You can see more about the Deloitte Fast 50 here.

The BLN MiM Forum on March 22nd brings mobile buyers together with companies and investors who are delivering mobile today.

The BLN MiM Forum shows how YOU can make it in mobile today. It’s where corporates with budgets meet businesses that can solve their problems and active investors get stuck in too.

This is not about future-gazing, sales pitches or corporate nonsense. We share actionable ideas for your business today. We want you to leave with at least one idea you will implement in your company within a month.

BLN MiM2012 is different from a lot of mobile events you might have been to. We are not selling speaking slots to sponsors so you end up hearing from people with genuinely valuable, interesting content that will help you define your mobile strategy. Our supporters understand that the best way to grow their businesses is to help grow the industry. We think this approach is unusual, if not unique, in the mobile industry.

For more information and EARLY BIRD REGISTRATION.

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The BLN CFO Breakfast Forum – Getting to grips with ‘Blatancy’ a CFO’s guide

A conversation with Rupert Cook (Head of M&A at goetzpartners) & Bernard Morgan (CFO, Nujira)

We are delighted to announce Rupert Cook and Bernard Morgan will be leading a discussion around the importance of ‘Blatancy’ in raising money and aligning your company for a successful, competitive trade sale.

Through a series of real-life examples Rupert will explain what he means by ‘Blatancy‘ and why it is so important in getting the very best deal for your business.  In addition, Bernard will share his experience of raising cleantech investment, highlighting how changing the emphasis or impression of your business can reap rewards.

Rupert was once an FT journalist and is the author of Selling Your Technology Company for Maximum Value: A Comprehensive Guide for Entrepreneurs. In writing the book, he spoke to a huge number of buyers and sellers of businesses, and he now sells businesses at Goetz Partners so has a good deal of insight into what makes a valuable company.

Bernard is the CFO for Nujira, the leading developer of technology to reduce power consumption in smartphone transmitters by 30-50%. In May 2011 Nujira secured a further £10 million of funding for its growth plans, led by a new investor, Climate Change Capital Private Equity (CPE) and supported by existing investors Amadeus, NES Partners, Environmental Technologies Fund (ETF) and angel investors. Bernard has worked in VC/private equity backed companies for over 10 years and immediately prior to joining Nujira, worked for seven years at Celoxica Holdings plc, a leading provider of accelerated computing software and solutions, culminating in the company’s IPO in 2005.

The BLN Breakfast Brainstorm is a high-level peer-to-peer discussion forum for CFO’s to learn from each other, share best practice and advance the role of the CFO in high growth companies in a relaxed, entertaining and facilitated environment. The event is run under Chatham House Rule.

Attendees: The BLN CFO Breakfasts have already included some of the most experienced public and private company CFOs and FDs in the region including CFO/FD’s from Red Gate Software, NXT plc, nCipher, CSR, Alertme, Xaar, Domino, DisplayLink, Ubisense, Broadcom, Cambridge Broadband, Aveva, Ridgeons, Light Blue Optics, Nujira, Owlstone, Zeus, Sphere Medical, Atlantic Healthcare and 1spatial amongst others.

Supporters: This initiative is supported by BDO and breakfast is provided courtesy of Red Gate Software.

Places are limited and in high demand so a prompt reply is advantageous to secure a place. If you would like to attend, please get in touch.

Please note that by applying we CANNOT guarantee a place, although we do our best to accommodate relevant individuals. Our priority is always to ensure that our guests are relevant to the specific discussion.

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