Monday, June 11, 2018

News: Fast-growing Origin Broadband a Northern tech star

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Origin Broadband has been named in the top ten of an industry-compiled list of the North's 100 fastest growing tech companies.

The Northern Tech 100 is compiled by Tech Nation, an organisation which offers an expanding network of growth programmes, events, skills and data resources. The league table ranks the top 100 fastest-growing tech companies in the North, celebrating some of the region’s most exciting startups and scaleups.

Launching in 2011, Origin has developed its own infrastructure and now host the sixth largest broadband network in the UK. Supplying phone and internet services to businesses and homes across the UK, clients include Amazon – where Origin is the preferred provider for all new warehouse and corporate sites, NHS Sheffield and various UK universities.

Ranked at number seven in Northern Tech 100 league table with a growth rate of 103%, Origin aims to reach 250,000 customers by 2020.

The company's growth since its launch in 2011 has attracted significant investment, allowing Origin to move its head office from two sites in Doncaster to a single, larger base in Rotherham.

Taking on the 53,665 sq ft Unit 7 at Callflex Business Park at Manvers, the firm believes that it offers an even bigger opportunity for growth. The building, which had been empty ever since it was built, has the capacity to seat up to 700 people across all three floors.

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The firm, which had to contend with the closure of the publically funded Digital Region network in 2014, has raised finance to support growth plans from the likes of Finance Yorkshire and Calculus Capital.

Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) specialist, Calculus, invested £3m in December 2016. With trading volumes at four times the level anticipated in the business plan that secured the initial funding, a further £2m was invested via Calculus with a new round of funding in August 2017.

The list is compiled as part of technology advisory and investment firm, GP Bullhound's Northern Tech Awards.

A spokesperson for Origin Broadband, said: "We are over the moon to be awarded 7th place out of 100 at this year's Northern Tech Awards. It's a fantastic achievement for everyone here to be recognised for all their hard work."

Recent data compiled by GP Bullhound showed that the 100 fastest growing technology companies in the North of England and Scotland generated £4.5bn in 2017.

Vicki Shiel, head of content and learning at Tech Nation, said: "We want to celebrate the growth of the sector in the North of England, challenge the perception that most tech startups are based in London, share insights from the companies that are blazing a trail, and openly discuss some of the challenges the sector faces."

Origin Broadband website
Tech Nation website

Images: Origin Broadband

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