Hidden technology growth enginesFriday, January 24, 2020
It is hard to imagine that somewhere deep in the UK are 50 companies, who have created 25,000 jobs and some £10bn of increased value over the last 3 years, yet remain largely unknown.
The 2020 Megabuyte UK Technology Awards celebrated these hidden, private companies, and the massive contribution they are making to UK and European growth. Whilst 2019 saw much high profile turbulence in global “technology” unicorns and a spike of profit warnings in UK tech publicly listed stocks, this more hidden cohort of companies has been a fantastic powerhouse of driving consistent profit growth.
At OC&C our global TMT team have had the pleasure to work closely with many of these companies, and to have been a long-time supporter of Megabuyte’s mission to provide unique fact-base coverage of this important segment of the UK economy.
It was also an honour to have presented the winners award to Oliver Tucker, CEO of Wireless Logic – who have been both a client of OC&C and an outstanding example of a successful UK HQ’ed global technology leader.
Many of the best vertical software businesses make money with a well-established playbook: pick leading market positions and must-have products, drive pricing, up-sell and cross-sell; make the right bolt-on acquisitions to fill out the vertical