New focus for business
Tech firms eye oil & gas after merger
Two technology firms have joined forces in a move they hope will give them a greater presence in financial services and oil & gas.
Glasgow technology company, SwarmOnline, has acquired Edinburgh digital agency Open Platform for an undisclosed sum.
SwarmOnline, a finalist in the recent Scottish Business Awards Tech Company of the Year category, made the announcement during a visit to the company by Keith Brown, Cabinet Secretary for Infrastructure, Investment & Cities.
The combined business will trade as SwarmOnline and is expected to have a joint turnover of £2 million in the next financial year.
Its founder and managing director, Andrew Duncan, said: “The offerings of the two companies are very closely aligned.
“Open Platform is well known in the oil and gas sector and this will be a focus for the new business.”
Mr Brown, said: “Scotland’s digital economy is growing fast, with huge opportunities available to innovative for ambitious technology companies such as SwarmOnline. I am therefore delighted to visit SwarmOnline and hear first-hand about their expansion into the oil and gas sector and wish them every success.”
Tony McKenzie, managing director at Open Platform will take on a new role as client services director. He said: “Our combined expertise and client lists are complementary.”
The new business has 21 staff, but Mr Duncan hopes to increase that to 25 over the next 12 months. Open Platform is based at the Gyle, but he is looking for a city centre office. The company will be headquartered in Glasgow.
Photo: Andrew Duncan, Keith Brown, Tony McKenzie