Edinburgh tech start-up aims to become £100m revenue business in next five years

An Edinburgh-based technology start-up has overcome the challenges of the pandemic to quadruple sales in its second financial year while growing headcount from just six to 50 during 2020.

Colin Frame, managing director and founder of Edinburgh-based Stellar Omada and the co-owner of Shieldhill Castle Hotel , Biggar. Picture: Helen Barrington
Colin Frame, managing director and founder of Edinburgh-based Stellar Omada and the co-owner of Shieldhill Castle Hotel , Biggar. Picture: Helen Barrington

Stellar Omada, which specialises in “programme delivery, technology transformation, testing services and innovation”, has recorded revenue of £10.2 million for the year to the end of December,

The firm works with clients including some of the UK’s largest financial services and tech sector players, such as Royal Bank of Scotland. Industry partners include AWS, Google and Microsoft.

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Colin Frame, managing director and founder of Stellar Omada, said: “We want to build one of Scotland’s most successful technology firms, headquartered here, committed to remaining independent and we’re on course to be a £100m revenue business in the next five years.”

Prior to founding the firm at the end of 2018, Frame held senior executive roles at Tesco Bank, RBS, Unisys and iPSL (Intelligent Processing Solutions Limited).

Stellar Omada’s leadership team includes head of shared services Dawn Pryde, chief innovation officer Benny Corr and chief financial officer Zoe Lee.

Corr said: “The key trends in the market are around fintech, automation, machine learning, big data, artificial intelligence and cloud.

“What we’re seeing out on the coalface are an increasing number of large-scale programmes as corporations transition to cloud-based environments, and regulatory backdrops leading to substantial infrastructure change.”

The firm has plans to extend its product offering in 2021, with new services in hosting and professional services, and is set to announce a series of industry and community partnerships over the next 12 months.

It has also initiated an in-house talent programme, bringing together 14 members of the team who have been identified as “futures leaders” within the business.

While Stellar Omada is primarily working with UK plc in the financial services and tech sectors, Frame says the business is targeting other areas while international contract wins are in the pipeline.

“We’re actively speaking to organisations in the utilities and public sectors, alongside an increasing number of international companies, so we expect some of the ongoing growth to come from these areas over the next 12 months,” noted Frame.

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