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May 11th, 2010 by Sophie Hodgson

Times they are a changing

Enterprise search has found itself at something at a juncture. Long dominated by the UK success story that is Autonomy, the rapid developments of the web and social networking mean that searching inside the ‘corporate gate’ has become more complicated than ever. Company information no longer just rests in numerous databases but across social networks too. I’m not talking about Instant Messenger (I don’t live under a rock), but the likes of tools such as Yammer which are social networking for businesses. Often if employees need an answer to something they’re much more likely to use these tools then the search engine.

The reason? The exact reason that consumer social networking has brands in such a flutter – you trust your network of work colleagues more than you do the ‘corporate machine.’ Search engines have struggled to keep pace over the years. Despite promoting business agility, much of their own technology is inflexible which has hampered progress. But a new breed of enterprise search companies, those that are built to understand language and meaning, rather than algorithms, are challenging the norm. Many have been around for a while and have struggled to cut it in a market dominated by bigger players that can throw lots of money and extras at potential customers, but they are often better and more cost effective – two very attractive qualities in the current market.
March 17th, 2010 by Chris Measures

Where are all the Cambridge innovators?

Cambridge is full of innovative start-ups and the main thing they need is money to help them grow. That’s the perceived wisdom but having attended last night’s Cambridge Network Open Meeting on Growth Capital I think it needs to be challenged.

The whole event, held at Robinson College was about getting money. But despite engaging presentations from the likes of bankers Kleinwort Benson, venture capital companies Amadeus and Atlas Venture as well as economic think tank Z/Yen the audience was dominated, not by hungry start-ups but by lawyers, accountants and PR people (myself included). A back of the envelope calculation was that just 16 per cent of people there were start-ups. Obviously you need an ecosystem to develop any technology cluster, but the balance seems all wrong.

So the question I’m left with was – where are the future Cambridge giants, the next ARM, Autonomy or CSR in embryo? Are they in their sheds busy inventing or simply not worried about gaining the investment they need to grow? Answers on a postcard please……

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November 23rd, 2009 by Chris Measures

List or Sell – the entrepreneur’s dilemma

Can the UK produce world-class tech companies that lead their markets? That’s the question the Sunday Times poses, essentially coming to the conclusion that in the main, IT entrepreneurs are selling their businesses, taking the money and running.

There are those that have become international successes – the likes of Sage, ARM, Autonomy, Misys and Ultra Electronics are all strong members of the FTSE 250. But in comparison to the US, which has the NASDAQ Index predominantly made up of tech companies we obviously lag behind.

Given a flotation is the obvious alternative to a trade sale, we should be encouraging tech companies to list, gain additional investment and grow. But it currently costs over £1m to list a business on a UK stock market, where you are competing for money with a huge range of companies from around the world, many of whom are selling simpler products such as raw materials, consumer goods or property.

Rather than criticise entrepreneurs and their VC backers for ‘selling out’ it is time that listing a company in the UK was made more attractive. This would bolster the UK tech sector and create more of the leaders that we are looking for.