- Stellar Omada quadrupled revenue in its second financial year, while growing headcount from 6 to 50 during 2020
- Colin Frame-founded Stellar Omada specialises in programme delivery, technology transformation, testing services and Innovation with clients including some of the UK’s largest financial services and tech sector players
- Colin Frame, CEO and Founder, Stellar Omada: “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 £100 million revenue business in the next five years”
- Stellar Omada’s client base includes IPSL and Royal Bank of Scotland, with industry partners including AWS, Google and Microsoft
SCOTTISH technology startup Stellar Omada has recorded revenue of £10.2 million in the year to 31st December, quadrupling sales in its second financial year while growing headcount from 6 to 50 during 2020. The Colin Frame-founded tech group specialises in programme delivery, technology transformation, testing services and innovation with clients including some of the UK’s largest financial services and tech sector players.
Colin Frame, Managing Director and Founder, 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 £100 million revenue business in the next five years.”
Stellar Omada’s client base includes iPSL (Intelligent Processing Solutions Ltd) and Royal Bank of Scotland, with industry partners including AWS, Google and Microsoft. Prior to founding Stellar Omada at the end of 2018, Frame held senior executive roles at Tesco Bank, RBS, Unisys and iPSL. Stellar Omada’s leadership team includes Dawn Pryde, Head of Shared Services, Benny Corr, Chief Innovation Officer, and Zoe Lee, Chief Financial Officer.
Benny Corr, Chief Innovation Officer, Stellar Omada 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.”
While Stellar Omada is primarily working with UK plc in the financial services and tech sectors, Managing Director Frame says the business is targeting other sectors in the UK while international contract wins are in the pipeline for 2021. Frame said: “We’re actively speaking to organisations in the utilities and public sectors, alongside an increasing number of international companies, so we expect some of ongoing growth to come from these areas over the next twelve months. While our strategy centres around organic growth, and we will be continuing our hiring phase throughout the year to match the growth trajectory, we’re not ruling out growth by acquisition if the right type of opportunities present themselves.”
Among highlights in 2020, in May Stellar Omada signed a 3-year software testing contract with iPSL, which processes over 500 million cheques for most the UK’s main high street banks. In June, the company joined digital skills academy CodeClan’s partner programme. In September, Stellar Omada joined NatWest’s preferred supplier list, supporting product testing as part of a large scale programme, and in October the tech group launched a corporate social responsibility (CSR) committee aimed at giving back to the community.
Stellar Omada 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 twelve months. The company 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.
Colin Frame added: “We know that investing in our people, including the next generation of leaders within the business, is absolutely key to our ongoing success.”
