By Scott Wright
A GLASGOW-based data software specialist is shutting down
in deals to expand its international reach, with the company set to triple its number of customers this year.
Bellrock Technology is holding talks with prospective clients in the US, Europe and UK-based international companies as it celebrates its 10th year in business. He recently secured a major new deal with EDF to help the energy giant manage key assets.
Bellrock, born out of the University of Strathclyde, has developed a cloud software product, Lumen, which enables companies to make better use of their data. The company says this can lead to more informed decision making, greater efficiency, greater profits, and positive changes in the way people are managed.
The product helped Bellrock enter new industries this year, with insured clients in the construction, financial services, oil and gas, professional services and transportation sectors.
With a £ 1 million contract renewal with EDF, Bellrock is helping the French-owned energy company manage key assets securely and reliably through the use of its data.
Bellrock’s other energy customers include SGN and SSE, which use Bellrock’s Lumen software to predict failures before they occur and send emergency teams where they are needed in advance. This allows companies to reduce operating costs and improve customer service, Bellrock noted.
Adam Brown, managing director of Bellrock, said: “We have enjoyed good growth this year, expanding into a range of new sectors, meaning more companies and organizations in Scotland and the UK are benefiting from our extensive knowledge. and world-class capabilities. This success is bringing us to the attention of potential new customers and partners overseas, as both the company and Lumen’s reputation for excellence continues to grow. “
Bellrock was founded ten years ago by Mr Brown and Stephen McArthur.
The two met when Mr. Brown was working at the research team of the University of Strathclyde, after graduating with a degree in computer science and electronics from the institute.
Brown said the research team focused on the energy sector and how the data could be used to improve performance.
Mr. McArthur, who is associate dean and executive dean of engineering at the university, has identified commercial potential in some of his work.
Mr. Brown said: “He and I have worked closely together. He identified an opportunity for some of the technological ideas we had as a university research group to potentially be studied as something that could be commercialized. “
He added, “The real USP of what we do goes back to the technology we came out of college with. And that technology was all around looking at how data software solutions could be built and could be built quickly.
“We find space to be a very manual process. There is obviously a lot of attention to data and the opportunities that data offers these days, and a lot of attention to data science. The step beyond actually implementing these solutions is most often the stage where projects can hit the buffers.
“What we’ve brought to market is a new approach to this, a new technology that can automate much of that system building, make that process a lot faster, a lot more cost-effective, and really give companies the opportunity to almost experiment and see what is the art of the possible.
Although the company has been in business for a decade now, Mr. Brown believes it is just “scratching the surface of opportunity” which he believes is open to business. Its other customers include Angel Trains, which uses Lumen to improve the way it monitors the condition of rolling stock.
Mr. Brown said: “We are proud and very pleased to be here and to be able to support the customers who have helped us get here.”
The company employs 20 people and Mr. Brown is keen to expand their staff, although he said recruiting is very competitive in the technology sector. So far £ 5 million has been invested in the company, with the support of ESM Investments, based in Stirling, the University of Strathclyde and the Scottish Investment Bank.
Mr. Brown said: “We have had a good pool of investors since 2015. They have been very patient.
“I think they also see the long-term opportunity. For us it’s about capitalizing on this and building a good business ”.