DevOpsGroup has been named one of Wales’ fastest-growing tech firms by The Sunday Times.
In a recently published piece, Enterprise Editor Peter Evans profiles several high-growth companies that are putting the Welsh technology sector on the map and capable of becoming unicorns.
Alongside DevOpsGroup, artificial intelligence start-up Amplyfi, polling platform Doopoll and robo investor Wealthify have also been tipped as companies that could one day be worth billions.
Unicorns are start-ups that surpass the billion-dollar valuation mark. According to TechCrunch, there are 279 of them across the world – with notable examples including Airbnb, Uber and Dropox.
Clearly, this is a rare feat, and the term is often used in large technology hubs such as Silicon Valley. Wales, in comparison, has yet to create a technology company on this level.
But the Welsh tech industry is supported by a thriving community of tech businesses, great local universities and funding from the Development Bank of Wales.
Steve Thair, co-founder and chief product officer at DevOpsGroup, said the coverage recognises that Wales has emerged into a technology hotspot.
“It’s fantastic to see the Welsh tech scene getting national attention. The article in The Sunday Times highlights the benefits Cardiff offers to fast growth tech companies,” he said.
“That includes a great tech community, support from the Development Bank of Wales and access to a great talent pool – including graduates from world-class educational institutions like Cardiff University and its National Software Academy (NSA) initiative.”
While it would be an amazing achievement for Wales to churn out its own technology unicorn, Steve believes that it’s just as important to create sustainable companies.
He added: “However, while building unicorns makes great headlines, we also need to be focused on building great, sustainable companies that can nurture the next generation of talent. This is why we’re investing in the DevOpsGroup Academy and graduate programmes.”
The news comes as DevOpsGroup has been experiencing a record few months of growth. This year, we’ve raised £3 million of investment from the Business Growth Fund, expanded our team to over 70 people, appointed a new board and undergone a company-wide rebrand.
Speaking recently, CEO James Smith said: “When Steve Thair and I started this company in 2013, we were two technologists from Development and Operations, with a belief that we could make a real difference to the way companies delivered IT services by putting people, process, and technology at the heart of digital transformation
“Now with over 70 people, we want our brand to truly reflect our passion to be an inclusive company and embody our bold desire to scale. Our new name is reflective of who we are today, but one thing remains unchanged which is our passion for enabling IT transformation at the speed of disruption.”