Norwich software firm secures Japan energy deal
- Credit: Archant
A Norwich-based software company has beaten one of its major rivals and increased its global footprint by securing a licensing deal with Japanese energy company Chiyoda Corporation.
Falcon Global has sold a licence to the Yokohama-based oil and gas firm so it can use its Zenator Systems project management software on a petrochemical project in Sarawak Malaysia, as well as on a second unnamed project – believed to be at a liquefied natural gas plant in Australia.
It has led the firm to forecast a rise in turnover from £1.9m to between £5m and £6m this year, as it looks to add two new staff to its four-strong team based at its office on St Crispins Road.
The licensing deal comes after the Japanese firm spent the last 10 years using a software system provided by Falcon-global competitor Complan.
Alan Mills, managing director, said the deal adds to the company's global portfolio, which includes offices in Belfast, Houston USA, Rio De Janeiro Brazil and Perth Australia.
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He said: 'Securing business with Chiyoda is of huge strategic significance and a major coup for us, especially as they have been users of a software product from our largest competitor for the past 10 years.'
He added: 'It has been a very difficult 2009/10 and we did not lose a single person, which is a big achievement.
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'We are looking to take on one or two more people this year that can be based in Norwich.'