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Firm tipped as next 'unicorn'

Administrate looking to Middle East for growth

John Peebles 2Administrate, the training software company, is eyeing expansion into the Middle East  as the next phase of its international growth plans.

Chief executive John Peebles (pictured) said that building the business outside the EU, following the Brexit decision, will be part of the firm’s development.

More than half of its business already comes from outside the union, mainly the US, and it has been tipped to become Scotland’s next “unicorn”, or billion-dollar company.

“We’d love to get the company to be really, really big, but… we’d want to adhere to our values,” he said in an interview.

“We’re looking at the Middle East very closely,” he said. “We’ve got a lot of business there, we believe that it can be a really good market for us.”

He said that rather than focus on valuation, “we want to be a ‘unicorn’ of people.”

Peebles, born in Tennessee and educated in China, became chief operating officer of the company in 2011 and chief executive a year later.

“We’d love to get the company to be really, really big, but… we’d want to adhere to our values,” he said.

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