Scottish technology firms among GP Bullhound’s Northern Tech 100

19/04/2023
Left to Right: Sir Sandy Crombie and Callum Murray of Amiqus (Photo: Stewart Attwood)

SCOTTISH technology firms are among GP Bullhound’s Northern Tech 100, with Administrate, Evotix, Firefish Software, MRM Global, Quorum Cyber, ShotScope, Speech Graphics, and xDesign making the annual list of the fastest-growing tech companies in the North of the UK (North West England, North East England, Yorkshire, and Scotland).  

Additionally, Callum Murray-founded Amiqus, which itself was named as the fastest-growing tech business in Scotland by the 2022 Deloitte UK Technology Fast 50 rankings and is chaired by Sir Sandy Crombie, has been selected as one of GP Bullhound’s ‘Northern Stars’, viewed as the technology scaleup companies to watch in the months and years ahead. 

GP Bullhound’s Northern Tech Awards take place tomorrow, on Thursday 20th April at the Assembly Rooms in Edinburgh, with Scottish entrepreneurs Ana Stewart, Chris van der Kuyl, and George Mackintosh among the judging panel, and TVSquared founder Calum Smeaton lined up as keynote speaker.  The awards ceremony is being hosted by former BBC presenter and Freer Consultancy associate Vanessa Collingridge. 

Calum Smeaton, Founder, TVSquared, said: “Over the past year, the technology sector has faced unprecedented challenges as we continue to navigate a global pandemic, issues in the banking industry and economic uncertainty.  Yet despite these obstacles, technology has remained resilient and adaptable, demonstrating the strength and innovation that defines everything that the Northern Tech Awards stand for… celebrating the successes of how the brightest minds are shaping the future of the industry.” 

TVSquared, a previous Northern Tech Awards winner, was acquired by US-based Innovid for $160 million in February 2022. 

Javed Huq, Executive Director of GP Bullhound, said: “It has been well documented that 2022 was a more challenging environment compared to recent years.  However, it is important to remember that there are still plenty of positives within tech ecosystems across the North of the UK.  The average growth rate of those in the Top 100 is the highest ever, demonstrating the resilience of the entrepreneurs building these tech companies.” 

GP Bullhound has advised on multiple transactions involving Scotland-based companies in recent years, including the 2019 acquisition of DeltaDNA by San-Francisco-based

gaming group Unity Technology, and the 2017 acquisition of data analytics startup Aquila Insight by Maryland-based Merkle Group.

GP Bullhound provides transaction advice and capital to entrepreneurs and founders across the globe.  Founded in 1999 in London and Menlo Park, California, today the firm has 12 offices spanning Europe, the US, and Asia. 

Sponsors of the Northern Tech Awards include Cazenove Capital, SVB UK, London Stock Exchange, and Shepherd Wedderburn. 

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