Growth Champion of the Year 2018

  • Written By: Ben Mitchell
  • Published: Tue, 27 Nov 2018 10:57 GMT

Thoughtonomy was named Growth Champion of the Year, in an award sponsored by Smith & Williamson at the fourth annual Growth Investor Awards 2018 in association with Intelligent Partnership. It beat nine leading high-growth SMEs to win the prestigious title.

Growth Investor award

The group was founded in 2013 to develop a ground-breaking automation platform that would help organisations overcome the challenges of workforce productivity, skills availability, and digitisation of service offerings. It sought to do this without lengthy, disruptive, and expensive change programs, creating technology that was simple to deploy, easy to adopt and flexible to consume.

The view of Terry Walby, founder and CEO of Thoughtonomy was that directly focusing on the automation of the workers provided the single largest opportunity for improving business efficiency. Human resources are often both the largest investment and biggest constraint for any business and he wanted to find a way to allow automation to work non-disruptively alongside or in place of that workforce, providing a real route to value. The outcome was the creation of the Virtual Workforce: a flexible, secure, on-demand enterprise class platform onto which clients could build their own business processes as required.

Thoughtonomy saw off strong competition, impressing the judges with the strong results it has achieved with very little investment. Guy Rigby, Chairman, Entrepreneurial Services at Smith & Williamson, said: “Thoughtonomy’s robotic process automation platform and virtual workforce solution, combined with its international application and strong revenue growth, clearly won the overall admiration of the judges.”

Rigby presented the award to the automation technology development company on 7 November at a black-tie gala dinner for more than 450 movers and shakers from the UK’s SME investment community.

Launched in 2015, the Growth Investor Awards have become a focal point in the UK’s SME investment community calendar, celebrating companies and individuals involved in putting investment to work in high-potential businesses. The Growth Champion of the Year award celebrates scale-up businesses and their founders. It is the highest accolade for the SMEs that have received venture capital funding and is open to any growing and productive UK-based company with a turnover of more than £3m in the last financial year. The judges looked at a range of factors to come to their choice, including how the investment was deployed to enable future growth, job creation, and regional and international expansion.

Smith & Williamson has sponsored this award category since its inception as part of its commitment to entrepreneurship and innovation throughout the UK.

P2P global social shopping app Depop won second prize. The app is a mobile space where users can see what their friends and those they are inspired by are liking, buying, and selling. The judging panel also named AVID Technology as ‘one to watch’ thanks to robust performance, ambitious targets and great vision amid growing demand for electric vehicles

By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. This briefing does not constitute advice nor a recommendation relating to the acquisition or disposal of investments. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.

Notes to editors
Smith & Williamson is a leading financial and professional services firm providing a comprehensive range of investment management, tax, financial advisory and accountancy services to private clients and their business interests. The firm’s c1,800 people operate from a network of 11 offices: London, Belfast, Birmingham, Bristol, Dublin (City and Sandyford), Glasgow, Guildford, Jersey, Salisbury and Southampton. Smith & Williamson is part of The Tilney Smith & Williamson Group.

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