Search through our UKHotViews and UKHotViewExtra articles plus complete research reports
What a fantastic evening it was last night at the 8th Annual Enterprise Awards Dinner at London's prestigious Dorchester Hotel.
Deservedly known as "the Oscars of the Technology Industry", the event, held in assoication with the WCIT livery company, recognises outstanding achievement by British tech entrepreneurs. The event's headline Platinum sponsor was Sage plc, with generous contributions from Silver sponsors ScaleUp Group, Silverpeak, Smith & Williamson and Stifel.
TechMarketView was proud to be the event's Media Sponsor, with Managing Director, Tola Sargeant, co-hosting the award-giving ceremony along with event organiser John O'Connell and special guest Sir Ken Olisa, OBE, FRSA, FBCS, Lord-Lieutenant of Greater London who, it must be said, was a very entertaining speaker. The event was managed to within an inch of its life by the ever-professional TX2events.
And what about the winners? Here's the list:
Many congratulations to them all.
Posted by HotViews Editor at '09:36'
TechMarketView Foundation Service clients are, today, served up with a double-helping of in-depth analysis. Alongside the UK SITS Supplier Ranking Report 2018, we are also publishing our annual review of the UK SITS market: UK SITS Market Trends & Forecasts 2018.
TechMarketView’s theme for 2018 is ‘Breaking the Boundaries’ (see TechMarketView research theme 2018: Breaking the Boundaries). Software and IT Services (SITS) suppliers are faced with a fast-moving market, defined by rapidly-evolving client requirements and an acceleration in technological advancements. As a result, our 2018 theme was chosen to represent our expectation that suppliers, and their clients, would be pushed to act very differently – to break their own boundaries – in response to a new look market environment.
In this latest report, you will read detailed market analysis from each of TechMarketView’s Research Directors and will see increasing evidence of this trend – as well as evidence that many suppliers are struggling to make the changes necessary to compete in the ‘digital world’. And that is having an impact on the market – because accelerating adoption of digital technologies is as much down to the supplier community – and its ability to develop deep relationships defined by trust - as it is to market conditions or the appetite of end users. TechMarketView had predicted a worsening of UK SITS market performance in 2017; however, it was even more pronounced than we had expected.
The market is changing shape. This year was the first year that that ALL growth was driven by cloud computing. Next year will be another watershed moment, with the application services market trumping infrastructure services as the largest part of the UK SITS market for the first time. To make sure you are prepared to respond to the new world, download UK SITS Market Trends & Forecasts 2018 now. Subscribers can also download the detailed market size and forecast numbers in either spreadsheet or PDF format.
If you are not yet a subscriber, please contact Deb Seth to find out how to gain access to this invaluable research.
And don’t forget, there’s also an opportunity to hear directly from the TechMarketView analyst team at our Annual TechMarketView Presentation & Dinner on Thursday 13th September 2018. More information here.
Posted by Georgina O'Toole at '09:41'
The latest edition of our UK SITS Supplier Rankings report is now available. These rankings have been compiled through a detailed analysis of the UK SITS revenues of over 200 publicly quoted and privately held companies.
We can now reveal, despite its annus horribilis, Capita holds on to the top spot in the rankings for the fifth year in a row. Amongst the remainder of the Top 20 suppliers there has been some jostling for position but only one new entrant—Amazon Web Services (AWS). Subscribers to TechMarketView’s Foundation Service can see where AWS lands in the rankings.
The report reviews the performance and prospects of each of the suppliers in the Top 30. It also provides ranking tables for the Top 60 UK SITS suppliers, the reasons why aggregate revenue for these leading suppliers grew more slowly in 2017 compared to the previous year, and the names of the three new entrants into the Top 60 this year.
Ranking tables are also provided for the Top 50 IT and business process services, as well as for each of the four horizontal market areas as defined by TechMarketView: enterprise software, application services, infrastructure services, and business process services.
UK SITS Supplier Rankings 2018 is available for download here: UK SITS Supplier Rankings 2018
For further information on becoming a client, please contact our Client Services team: info@techmarketview.com
Posted by Dale Peters at '15:37' - Tagged: rankings
We are delighted to welcome the final four early-stage UK tech companies selected to participate in the pre-qualification stage of the Capita Scaling Partner Digital Disruptor initiative, the first in the TechMarketView Early Stage Partner Programme series (see TechMarketView Early-Stage Partner Programme shortlist announced). Capita Scaling Partner has been working with TechMarketView to identify 'digital disruptors' that Capita can help access lucrative markets that would typically be out of their reach.
The companies participating today are:
Founders and CEOs of these companies will attend an intensive 90-minute evaluation session with the Capita Scaling Partner team and TechMarketView research directors. Capita will then select the most promising candidates to proceed through to a series of business workshops to ultimately determine which ones will join the Capita Scaling Partner programme.
Congratulations to them all and we look forward to welcoming them to today's event.
You can read short profiles of the shortlisted companies here, and find out more about the TechMarketView Early Stage Partner Programme here and the Capita Scaling Partner programme here.
Posted by HotViews Editor at '06:00' - Tagged: tesp
Established norms within software testing are falling away in the face of digital change, intelligent automation, multiplying devices, continuous software delivery and DevOps – and the acute awareness that customer experience (CX) is the arbiter of success or failure. Surviving in this market is challenging, scaling up more so. Software testing providers need to rethink their strategy. Eggplant is doing precisely that, which is one of the reasons it was selected for the Great British Scaleup programme.
As the management team headed by CEO John Bates explained, Eggplant’s strategy is to test the CX as well as the code, to improve business outcomes. Developments around CX optimisation are active recognition of the difference between the technical metrics of code and business metrics like user satisfaction - and both need testing. That’s why Eggplant has broken its own and traditional software testing boundaries by converging testing, monitoring and continuous improvement in the pre and post production environment.
The Eggplant of today is different from the one of 12 months ago. Formerly Testplant, it rebranded, taking the name of its well-known product suite. It also acquired NCC Group’s Web Performance division in March 2018. With capabilities such as synthetic monitoring, real user monitoring and performance analysis, Web Performance will play a significant part in furthering Eggplant’s CX optimisation vision. Combine that with developments around intelligent testing automation and AI/machine learning-assisted test creation, and the company has the ingredients to scaleup.
Customer references such as a UK building society that achieved the same level of testing in one week with two people as was achieved with a 25-strong team in 4 months using another vendors’ product garner attention. As does Annual Contract Value growth of 45% and Total Contract Value growth of 60% in 2017. It has work to do to execute its vision, including addressing questions over whether a software testing provider can tackle CX, tighter market targeting and developing relationships with application services and business process services suppliers, but it has several scaleup routes to explore.
Posted by Angela Eager at '07:38' - Tagged: software digital customerexperience GreatBritishScaleup
We are delighted to welcome the first three of the seven early-stage UK tech companies selected to participate in the pre-qualification stage of the Capita Scaling Partner Digital Disruptor initiative, the first in the TechMarketView Early Stage Partner Programme series (see TechMarketView Early-Stage Partner Programme shortlist announced). Capita Scaling Partner has been working with TechMarketView to identify 'digital disruptors' that Capita can help access lucrative markets that would typically be out of their reach.
You can read short profiles of the shortlisted companies here.
Posted by HotViews Editor at '07:15' - Tagged: tesp
Insource is a Great British Scaleup working to help healthcare providers better manage their data in a way that significantly reduces cost and turns data into a genuine asset.
Insource was originally established some 25 years ago as a general IT services business. Current CEO Steve Aitken has shifted the focus of the business firmly onto the healthcare sector where data management issues are prevalent and extremely costly.
The problem that Insource is seeking to solve is that healthcare providers and their hospitals typically run multiple systems (sometimes supporting up to 400 different systems) all from a combination of different providers and inhouse bespoke applications. These disconnected systems are unable to draw down consistent data creating the need for lots of manual work before the data becomes genuinely useful.
In the UK this is an issue that every NHS Trust is grappling with and the costs associated with managing this can run as high as £5-6m per hospital per year equating to a £1bn+ market opportunity for Insource in Britain alone.
Insource’s solution is Health Data Enterprise - think ‘ERP for health data’, at its core is a sophisticated data preparation engine that automatically takes data from any system, processes it and presents it in a single unified form in order to feed a suite of integrated applications.
Deployable as a standard product across all NHS Trusts but then crucially configured locally to accommodate each individual Trust’s subtleties. It is made possible by an underlying technology which it calls ‘Data Academy’. This in itself is IP with real potential as the generic architectures are not industry-specific so could in turn be applied to any other vertical market where organisations are having to manually combine multiple disparate data sources to extract value.
Entirely self-funded to date with heavy investment made in getting the right technology in place Insource is ramping up sales and marketing activities to take full advantage and already has 20 referenceable clients in the UK of which 7 are using the full suite, including leading trusts such as Salford Royal NHS Foundation Trust, Hull & East Yorkshire Hospital NHS Trust and South Warwickshire NHS Foundation Trust.
Posted by Marc Hardwick at '06:36' - Tagged: health data
London-based Great British ScaleUp Pivotal iQ is on a mission – to revolutionise how market intelligence is received and applied by the ICT sector. Founded in 2015, this young company has developed what it believes to be the world’s most accurate, most granular and most dynamic view of this industry’s supply and procurement activities. Using big data principles and the latest technologies, Pivotal iQ tracks everyday some 2 billion data points relating to 600,000 companies and an IT spend of $3.25tn across 186 countries.
The self-service SaaS platform currently comprises three data tools; SpendView, InstalledView and ContractView. Together, they allow customers to better understand what organisations have spent on IT, what they’ve purchased, what has been outsourced and their budgets positions. Initially aimed at the vendor community, Pivotal iQ seeks to help its customers increase both new name win rates and wallet share within existing accounts through better planning and targeting. Later this year the company intends to launch additional data tools designed for the buyer community.
Market reaction has been very positive and Pivotal iQ has already secured a significant number of global vendors as clients. As the tech sector matures and with it the need for much greater marketing sophistication, so too will demand increase for reliable, current and actionable market insights. Pivotal iQ is strongly positioned to benefit from this global trend and the company believes that fivefold growth over the next few years is well within its grasp.
Posted by Duncan Aitchison at '07:00' - Tagged: markettrends saas GreatBritishScaleup
This month marks TechMarketView’s official tenth anniversary and we were delighted to have so many of our longstanding customers and friends join us in the magnificent Riverside Room at the IET in London for a ‘Now we are 10’ celebration last night. Many thanks to all of you for making it a very enjoyable evening to remember.
As you will read in today’s UKHotViews, during the evening we also presented a number of awards. Richard Holway presented a somewhat overdue ‘Boring Award’ to Mike Norris and Tony Conophy of Computacenter, for their amazing record of more than ten years of uninterrupted EPS growth. Anthony Miller presented Bob Fawthrop with a special award for being our longest serving individual client. And I had the pleasure of presenting Tina Compton, Managing Partner at tx2 Events, with a special award in recognition of the three decades that she’s been running our events so seamlessly.
Congratulations to all three and thank you once again to all of our clients and supporters for helping to make TechMarketView’s first decade such a success – here’s to the next ten years!
Posted by Tola Sargeant at '09:40'
Founded in 2015, IMMJ Systems is younger than many of the companies that we meet through the Great British Scaleup Programme but no less ambitious. Founders Michael van de Weg, Max Smith and Jonathon Desmond have big ambitions in the UK healthcare Electronic Document Management (EDM) software market (and, in time, well beyond healthcare and the UK).
At the moment, the UK healthcare market is their sweet spot and - although it’s early days - it appears the SME is not short of opportunities as the NHS in England strives to go paper-free, or at least paper-light, by 2023 (see our UK Public Sector SITS Market Trends and Forecasts report).
IMMJ System’s software, MediViewer, has been developed over many years predating 2015 when company was registered. Since then, the software has been deployed by Noble’s Hospital on the Isle of Man, under a partnership with System C Healthcare,and was recently chosen by Barnsley NHS Foundation Trust as their EDM solution too; also under a partnership with System C Healthcare.
As NHS trusts become more active in procuring EDM solutions to digitise their legacy paper records, IMMJ’s pipeline is growing. Indeed, if all goes to plan the SME’s biggest challenge over the next few months could be scaling quickly enough to keep up with demand. Partnerships will help here though and we’re encouraged to see how well existing relationships with prime contractors such as System C appear to be working. Indeed, I’m sure we won’t be the only ones keeping a close eye on IMMJ Systems’ progress over the coming months as they look to scale up and stake their claim to a growing share of the NHS EDM market.
Posted by Tola Sargeant at '09:01' - Tagged: health scaleup EDM
Last night TechMarketView LLP celebrated its 10th Birthday. All those early subscribers are still with us. They backed us when there was no research on our website -now there are 20,000 pieces of research, analysis and comment available. So we were delighted to raise a glass with representatives of all those subscribers at our Birthday Party last night.
I was particularly pleased to be able present a Holway BORING Award to Mike Norris and Tony Conophy of Computacenter. The Boring Awards started in 1992 and were awarded to UK quoted Software and IT Services companies with at least 10 years of uninterrupted EPS growth. The first award was to Admiral and some 6 other companies have since received an award. The two longest standing Boring Award Holders were Capita and Sage. But they, like all the others, have now lost it.
Interestingly, all the Boring Award Holders had very long serving CEOs. All lost their Boring Awards soon after those CEOs stepped down.
Mike Norris has been with Computacenter since 1984 and has served as CEO since 1994. Tony Conophy as been with Computacenter since 1982 and has been i/c of the Finance function since 1996. They don’t come longer serving than that!
Their record is truly awesome. As you can see from the chart, EPS has been boosted by 540% since 2005. Compared to the ‘fortunes’ of many others in their arena, that is incredible.
As a Computacenter shareholder, my only plea to Mike & Tony is ‘Don’t leave..’
Posted by Richard Holway at '00:00'
Now in its 3rd year, Money2020 is the key fintech industry event in Europe and provides an opportunity to take stock of the state of fintech in the region.
2018 has already been a momentous year for the industry with Open Banking going live in the UK on 13 Jan. Open Banking is a critical crystallisation point for all financial institutions in Europe, forcing decisions (in many cases long overdue!) on proposition roadmap, digital transformation, adoption of new technologies and partnering strategies. For Software and IT Services providers, this creates a world of opportunity. The mandatory change touches every business in the ecosystem, creating a raft of exciting new players, driving consolidation among established players and accelerating the adoption of new technologies and innovation.
In order to capitalise on these opportunities, vendors need to track and understand market developments as they unfold at an unprecedented rate. Our report from the Amsterdam event gives the latest insights across the fintech sector, highlighting new imperatives as UK and European financial services companies compete against both fintech start-ups and the Internet giants.
FinancialServicesViews subscribers can access this important and thought-provoking report here.
Posted by Peter Roe at '16:03' - Tagged: payments banking regulation FinTech
We are delighted to announce the shortlist of the seven early-stage UK tech companies selected to participate in the pre-qualification stage of the Capita Scaling Partner Digital Disruptor initiative, the first in the TechMarketView Early Stage Partner Programme series. Capita Scaling Partner has been working with TechMarketView to identify 'digital disruptors' that Capita can help access lucrative markets that would typically be out of their reach.
Founders and CEOs of the shortlisted companies will attend an intensive 90-minute Pre-Qualification Session (PQS) with the Capita Scaling Partner team and TechMarketView research directors. The PQS events will be held in London on Monday 18 June and Wednesday 20 June 2018 after which successful candidates will progress through a series of business workshops to determine which will be chosen to join the Capita Scaling Partner programme.
Capita will sit side by side with the successful digital disruptors, pitching their proposition to its own client base and providing direct access to decision makers. Successful companies will be encouraged to think big and act big while retaining their own brand, culture, identity, agility, and negotiating terms with clients and suppliers on an equal footing.
The shortlisted companies selected to attend the Pre-Qualification Sessions are:
Congratulations to them all and we look forward to welcoming them to the event.
Posted by HotViews Editor at '09:00' - Tagged: tesp
The total number of UK and Irish technology company venture capital deals reached a new high in Q1 2018, according to latest data from corporate finance firm Ascendant, although the total value of funding fell for the second successive quarter.
During Q1, £1.26b was invested in 231 deals of more than £0.5m by 254 investment groups at an average deal size of £5.5m (down from £6.5m in Q4 2017). However, there has been a significant increase in funding since the same period last year, when the average deal value was £4.2m, with a 24% yoy increase in the number of deals and a 61% yoy increase in the total quarterly value.
The latest edition of IndustryViews Venture Capital includes over 30 pages summarising significant venture funding in UK tech companies during the first quarter of 2018.
Posted by HotViews Editor at '07:41' - Tagged: funding
We are excited to announce the second group of fast-growing UK tech SMEs companies participating on Day 2 of our fourth Great British Scaleup Event today in London.
They are:
Top executives of these companies will be joining a team of TechMarketView research directors and ScaleUp Group advisors in individual, intensive 90-minute workshops to assess their scale-up potential.
The companies will be rated using the ScaleUp Growth Index®, a proprietary scorecard which identifies areas of the business that might be an inhibitor to achieving management’s growth objectives. It gives an independent insight of the company’s scale-up potential relative to its peer group, and helps management feel better prepared to undertake the next stage of the scale-up journey and track progress.
We announced the first group of companies participating on Day 1 in yesterday's UKHotViews and we will be telling you more about all these companies in future UKHotViews posts.
Don't worry if you missed out this time. Great British Scaleups: The Fifth Dimension is scheduled for October and we will announce details in UKHotViews in coming weeks. Contact gbs@techmarketview.com for further information.
The TechMarketView Great British Scaleup programme is sponsored by ScaleUp Group and proudly supported by techUK.
Posted by HotViews Editor at '06:00' - Tagged: GreatBritishScaleup
NTT Group is a mammoth Japanese-headquartered business. NTT DATA UK is part of the Group. But outside Japan, NTT struggles with its brand identity, being predominantly seen as a telco player.
In this research note we get behind the well-kept secret that is NTT DATA; explore its ICT services capabilities and offerings; its current positioning, and recent performance, in the UK public sector; and its plans and ambitions for growth.
If you are a subscriber to TechMarketView’s PublicSectorViews research stream, you can download our latest research note - NTT DATA UK: Public Sector Potential – now. If you are not yet a subscriber, please contact Deb Seth to find our more.
Posted by Georgina O'Toole at '09:29' - Tagged: publicsector itservices
We are excited to announce the first group of fast-growing UK tech SMEs companies participating on Day 1 of our fourth Great British Scaleup Event today in London.
We will announce the second group of companies participating on Day 2 in tomorrow’s UKHotViews, and we will be telling you more about all these companies in future UKHotViews posts.
TechMarketView is soon to publish its widely anticipated annual UK software and IT services (SITS) Rankings Report, listing the leading suppliers of software and IT/BP services to the UK market.
The final numbers are still being tallied but it will come as no surprise to anyone that once again TCS heads the list among the India-based offshore services firms (aka Indian Pure-Plays, IPPs) in 2017.
According to our estimates, TCS recorded UK revenues of just over £2b in 2017, more than double its nearest contender, HCL, securing its place among the Top 5 suppliers in the UK market.
TechMarketView Foundation Service subscribers can see the names and the numbers, as well as snapshots and summaries of the top-tier and mid-tier players, in this latest edition of OffshoreViews.
Posted by HotViews Editor at '18:29' - Tagged: offshore
May 18 proved to be a month of mixed fortunes with Telecomms stocks falling but many SITS stocks shining - both in the UK and globally. See Share Indices for May 18.
Subscribers to any of TechMarketView’s research programmes or our growing band of UKHotViews Premium subscribers can read Richard Holway’s detailed analysis and personal views on how tech shares performed in May 18 - including the Wooden Spoon Awards and the outlook - here in UKHotviewsExtra.
Posted by HotViews Editor at '10:03'
