An Edinburgh-based company that specialises in “disruptive” technology for the retail and hospitality sectors has outstripped its growth targets for 2015 with a 300 per cent hike in sales.
Intelligent Point of Sale, whose cloud-based application allows bars, restaurants and clubs to control and track sales and stock in real time, said turnover had broken through £1 million in only its second full year of trading, as client numbers more than doubled to 1,000 in the past ten months.
Among an array of new clients, the firm has signed “significant deals” over the past year with events companies Underbelly and N2O. Its low-cost, electronic point-of-sale system is said to have found a “particularly thriving market” with pop-up and festival operators.
From a staff of 14 at the beginning of 2015, the company – founded by business partners Robin Knox and Paul Walton – now employs 25 people, with a further five to be recruited by the end of January. It is also set to secure further funding.