Adventi plans expansion
Eddie Chance is clearly a man who relishes a challenge. The former Scottish head of US software giant Oracle is only just in the door at IT services provider Adventi and already he is talking about doubling the size of the business.
Chance admits that times are testing as credit-crunched companies rein in spending on IT. Revenues are likely to be pretty static in the current financial year, but Adventi’s new chief exec is pleased at the progress since his arrival. "There is a clear focus to improve our margin," he says. "In the last couple of months we’ve seen five to seven points of margin improvement on the types of work we are doing."
While the board, which is chaired by investment angel Peter Shakeshaft, is busy finalising the business plan for the year ahead, Chance already has an ambitious remit. "The goal I’ve agreed with the board is to at least double the revenue and double the profits within the next three years. We also have clear aspirations to branch out of Scotland and already have some people in England and Ireland."
Full story at The Scotsman