FAST-GROWING SOFTWARE MAKER SETS AGGRESSIVE TARGETS FOR 2013
Written on the 19 November 2012
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.