A team of seven have moved into the offices, with plans to expand to ten by the autumn. Says the company’s CEO Barbara Spurrier: “We chose Granta Park to be at the heart of a technology hot-spot, whilst having fantastic access to major transport links. We could not have wished for a warmer and more flexible welcome.”
The company also hopes to take advantage of being based within a thriving science community. “Being based in a recognised technological centre alongside a number of other new ventures is critical to attracting the right calibre of staff, and to ensure the resources are available for the platform build-out”, says Oloco COO Alastair Kidd.
For Granta Park the move highlights the advantages that a flexible lease scheme on a major science park can offer start-ups. Says Marketing and Asset Manager Roz Bird: “Oloco is an excellent example of how being part of an established science community can offer a real boost to start-ups. Here they can collaborate with other occupiers on the park and the wider science community with everything from science lunches and networking events to rounders tournaments. They are also able to take advantage of facilities including a gym and nursery. It’s already been shown that the system works. Accelonix, the first company to take advantage of the scheme, has now signed a lease to remain at the Park long term.”
Oloco is developing and building a collaborative SaaS (software as a service)/Cloud based accountancy and financial management platform which will incorporate accountancy functionality, business intelligence, and financial analytics and decision support features. “We believe that mid-market (up to £50M turnover) organisations are underserved by current SaaS accounting offers, and we aim to fill this gap,” explains Alastair Kidd.
Oloco is a sister entity of the strategic financial outsourcing firm Cambridge Financial Partners, formed by Barbara Spurrier in 1995 and is presently being re-branded to ProCFO and will be headquartered in London to reflect its growing number of City based clients.
The Greenlite ‘offices made simple’ scheme offers short, flexible leases. A clear, eight page tenancy agreement does away with the need for solicitors’ fees with tenants able to move in straight away. Offices of 800 sq ft are available in Granta Park’s McClintock Building suitable for up to 6 people and, from 2,500 sq ft in the Riverside development for up to 25 people. For details visit www.grantapark.co.uk.
For any enquiries about Oloco, please contact Alastair Kidd, a.kidd@oloco.co, 01223 853480.
Picture: Alastair Kidd and Barbara Spurrier of Oloco
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