Tech company Purple Tuesday to expand team after winning major contracts
PUBLISHED: 11:00 22 September 2018 | UPDATED: 16:34 24 September 2018
Contract wins with big-name clients have led to growth at Future50 member Purple Tuesday. Mark Shields reports.
Future50 software developer Purple Tuesday is moving into the next stage of its growth after a string of big-name client wins, says its director.
The Norwich-based company has won financial backing from Barclays to fund an expansion that will see it take on five new developers over the next year.
And director Carl Wright said he felt the firm he founded in 2011 with Seb Butcher was now moving into a new phase of its development, having begun to land longer and more lucrative contracts.
“We’ve been taking on bigger projects that are now hitting six figures; one and two-year projects rather than four and five-month projects,” said Mr Wright.
The projects include systems such as enterprise resource planners and customer relationship management systems – software which allows businesses to track their performance and work more efficiently.
Recent clients include the East of England Co-op, for which Purple Tuesday has completed several projects, and offshore services company Seajacks in Great Yarmouth, for which it has created an operations system to manage data. It also works with Suffolk brewer Adnams and Premier Inn.
Mr Wright said he hoped the variety of work would serve as an attraction to developers in an increasingly competitive battle for talent, though the money will also be used for graduate training.
The 15-strong business is approaching £900,000 turnover, and has recently moved from the Union Building in Rose Lane to Muswell Street, but Mr Wright said it may have to move again to accommodate its growth as more companies request its services.
“Businesses are looking at much more technical efficiency - they understand they may need to get headcount down, automate more processes and have systems to pick up the slack when staff aren’t around. We’re building projects to move staff into more efficient positions,” he said.
“Businesses know they need to accommodation those options to be more competitive.”
Alex Broome, business manager at Barclays in Norwich, said Purple Tuesday was a leading light in Norwich’s tech economy.
“The time is now right for them to move to the next stage and accelerate their growth, which in turn will provide new job opportunities to join them on their journey,” he added.