Bellrock Technology announce new chairman and £1 million investment

GLASGOW-based Bellrock Technology has appointed Steve Langmead as its new chairman as the data analytics company gears up for a landmark year which will include the next stage release of its “revolutionary” Lumen software.

Mr Langmead joins the board just as the company has also welcomed a fresh injection of £1 million from its long-term investors – allowing Bellrock Technology to double its workforce to 16.

An experienced technologist and innovator, Mr Langmead brings significant business expertise to Bellrock Technology, a University of Strathclyde spinout co-founded by Chief Executive Adam Brown and Chief Technology Officer Professor Stephen McArthur.

He said: “Bellrock Technology is a significant part of the future of data science. Its Lumen software product stands on the threshold of delivering revolutionary change across all sectors – healthcare, oil and gas, public sector, manufacturing and finance – when it comes to data science and the speed, scale and cost of its deployment.

Bellrock Technology was spun out from Strathclyde’s Institute for Energy and Environment in 2012, where its proprietary technology Lumen was developed from research led by Professor McArthur.

The university remains one of three long-term investors – along with the Scottish Investment Bank and Stirling-based ESM Investments, whose owner Steven Morris is on the Bellrock Technology board.

Mr Langmead said the seven-figure sum was a huge vote of confidence in Bellrock Technology and its future direction.

He said:  “I believe Bellrock Technology has the opportunity to become a pivotal player in a huge range of sectors, not just energy but financial services, oil and gas, smart cities and smart manufacturing. It provides a golden opportunity for companies to transform their data operations.”

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