FAST-GROWING SOFTWARE MAKER SETS AGGRESSIVE TARGETS FOR 2013

Written on the 19 November 2012

FAST-GROWING SOFTWARE MAKER SETS AGGRESSIVE TARGETS FOR 2013

BRUCE Young (pictured) has big plans for the New Year and beyond.

The CEO of software maker Speedwell eBusiness Solutions intends to grow revenue by 30 per cent this financial year and open offices in Sydney, Melbourne, Canberra and Auckland by 2014.

Last financial year, the Fortitude Valley-based company grew its workforce by 41.4 per cent to 58 staff and boosted turnover by 87.1 per cent to $5.24 million.

Speedwell has been named finalist in the 2012 Brisbane Young Entrepreneur Awards and was top Brisbane business in Deloitte Technology’s latest Fast 50 ranking.

Young credits his “aggressive” targets for continuing to bring double-digit growth to the company.

“We have been fairly fast-growing for a number of years. We are quite competitive in our business and quite focused, so it is a natural thing for us to keep expanding at higher levels than average,” he says.

Speedwell has helped ASX-listed Domino’s Pizza Enterprises (DMP) increase its online sales from 2 to 50 per cent within five years. DMP is now targeting 80 per cent in the next five years off the back of its new mobile apps.

The company has also assisted Allianz Global Assistance increase its share of the online travel insurance market from nil to 60 per cent.

“Allianz was not doing anything on the online market. We are helping them transform into a digital business and sell their insurance through other brands like Virgin Australia,” says Young.

The company’s client base also includes Suncorp and National Australia Bank.


Latest News

STAFF CHURN BLAMED FOR MCGRATH EARNINGS DOWNGRADE

MCGRATH will fail to meet earnings forecasts after some of its star real estate agents defected to growing Perth firm...

MCBAIN RESIGNS AS BELLAMY'S DIRECTOR WHILE THIRD CLASS ACTION MOVES CLOSER TO SECURING FUNDING

LAURA McBain (pictured) has resigned as a director of Bellamy's Organic (ASX: BAL) today, effective immediatel...

REDBUBBLE TO MISS IPO FORECASTS

REDBUBBLE, the online marketplace for independent artists, will miss a series of forecasts set out in its IPO in its ...

BLUESCOPE CONTINUES STRONG RUN WITH GUIDANCE UPGRADE

BLUESCOPE Steel (ASX: BSL) is trading up 7.51 per cent at $11.16 per share after upgrading its half-year guidance thi...

Related News

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter