Newcastle tech firm Opencast Software is celebrating its most successful year as turnover closed in on the £5m mark.
The software firm has grown its turnover to just under £5m for the year ending December 31 2018, while its profits received a benefited from a 20% jump.
Commenting on the firm’s growth, CEO Mike O’Brien said: “We’re expecting that trend to continue this year, with further expansion in terms of new clients, profit, staff and turnover.”
He added: “Growth in the range and number of clients has been hugely satisfying over the past year and we’re confident that trend will continue in 2019. The increase in our provision of services to clients and our work in Whitehall have been important contributory factors to our growth.
“During the year ahead, we’ll continue to expand our services – providing more lives services, delivering more user research and helping more clients in the area of user experience.”
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Opencast currently employs 65 members of staff and works with a number of major organisations, such as Betfair, Insure the Box, Newcastle Building Society, Barclays, Sage, RBS, the Department of Health, and the NHS.
The improved financial performance also allowed the company, which is based at Hoults Yard, to take on 17 members of staff since October last year. The staff filled a variety of roles, including developer positions, business analyst roles, automation testers and Agile scrum masters.
Carl Shovlin, managing director, said: “We’re proud to be a regional company with a national and international client base. It’s satisfying to know that we’re providing critical solutions and services to major organisations from our Byker base, bringing all of this work to the region.
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“We’re not the biggest in terms of size, but we continue to win contracts with these huge global corporations, Government departments and organisations.
“Our presence on several official Government procurement lists of preferred suppliers gives clients of all sizes reassurances about our capabilities.”
Opencast has been heavily involved in the Government’s Digital by Default. The firm has also worked on Brexit preparation projects for the Government, while at the same time helping the NHS to respond to major Government reorganisation.
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