Ascarii, the newest tenant at the North East Technology Park, NETPark, in Sedgefield, County Durham, is targeting a £10m turnover within three years – growth of 500 per cent – and to triple its number of staff.
Ascarii, which was only founded four years ago, is now one of the UK’s leading providers of Cloud-based SAP Business One business management solutions. The software is a tool which delivers time saving, cost effective solutions across a single business system, so businesses can access processes, such as accounts or undertake stock taking, from anywhere in the world.
The company, which has a turnover of £2m, has ten employees but plans to swell the figure by five by the end of the year and to triple the number of staff within the next five years.
Stuart Wilson, Ascarii’s CEO, said: “We have an international client base, with more being signed up every month. The east coast of the US could be a strong market for us, therefore it is on our growth roadmap, and our current focus will to open an office in Australia so we can truly provide 24-hour support.
“Our solution benefits both start-ups with ambitious growth though to brewing and beverage giant SABMiller, which has 64,000 employees. SAP Business One Cloud offers a solution that can not only grow as you grow, it also offers stability and operational performance increases to already established businesses.”
Ascarii chose NETPark partly because of the high-tech businesses on the site and the support provided by staff at Business Durham, the economic development company for County Durham, which runs NETPark.
Added Stuart: “It fits perfectly for us that we’re surrounded by like-minded companies at NETPark. There are a number of highly skilled people in the area who can help us grow our business. The facilities and services offered by NETPark are first class, they make office life simple and engaging.”
Simon Goon, managing director at Business Durham, said: “Ascarii is a welcome addition to the high growth, innovative companies based at NETPark which have exciting global ambitions. We wish them every success as they continue to thrive among their peers and across the world.”