42 Technology has today announced a significant increase in the company’s capacity to deliver client projects following record business growth in 2015. The consultancy has increased its staff numbers by 40% over the past year, added more office space, and within the next few weeks will double the size of its development laboratories.
42 Technology expands its team and facilities following record growth in 2015
“42 Technology’s client work and in-house team have expanded so significantly throughout 2015 that we were starting to outgrow our existing facilities. Annual sales are up over 55% compared with the previous year, the number of active client projects has never been higher, and we have further strengthened our in-house team with specific skills in areas such as software development, analytical modelling and international project management,” said Jeremy Carey, managing director at 42 Technology.
“2016 is also off to a flying start with a strong pipeline of work and plans to add a number of further positions over the next few months to meet growing client demand.”
42 Technology moved into its existing fully-customised offices in 2011 and has grown considerably by continuing to win even larger, longer-term strategic projects from world-leading brands across all of its active market sectors, as well as more development work from start-ups and SMEs. Much of the recent expansion is a direct result of the consultancy’s growing reputation and success in international markets, particularly with clients based in US, Germany and Switzerland.
The expanded laboratory space will mean 42 Technology can accommodate more experimental and technology development work, as well as enabling even larger-scale test or prototype manufacturing system builds for its clients. The new space will also be used to build and house a working prototype of its adaptable train carriage concept which was announced last year as a winner in the ‘Tomorrow’s Train Design Today’ competition. The demonstrator system is due to be unveiled later this year.
42 Technology is a product design and technology innovation consultancy that partners with its clients to create brilliantly successful products. It's based in St Ives, near Cambridge.