Fast growing data analytics company Aquila Insight has moved into the former offices of FanDuel in Edinburgh’s CodeBase incubator to supports its rapid expansion.
The firm, which is headquartered in Edinburgh and has offices in London and Derby, has also rebranded to mark a new chapter as it approaches its fourth birthday.
Aquila Insight currently employs more than 75 staff in its UK offices and is expecting headcount to double in the next 12 months, with growth fuelled by an increase in data innovation in business. Earlier this year it reported turnover had increased by more than 100 per cent to £4.2 million for 2015/16, up from £1.9 million in 2014/15.
Warwick Beresford-Jones, co-founder and managing partner of Aquila Insight, said: “We have big plans to expand further this year and we now have space to do it. The move, alongside the rebrand and our recent award wins, marks the start of an exciting new phase in Aquila Insight’s history. As we move into new markets, we are always on the look out for young talent and experienced practitioners to work on a number of exciting projects.
“We are hiring at a rate of 12 analysts each quarter so it was only a matter of time before we outgrew our previous home. I’m delighted that we have been able to stay in CodeBase and continue to be part of such a thriving tech community.”
Big data is estimated to add around £40 billion per year to the UK and the demand for analytics and insight is continuing to grow.
Aquila Insight’s rebrand has taken inspiration from its stellar namesake, the Aquila constellation, also known as the Eagle. The new logo illustrates the star formation as a series of dots and symbolizes patterns identified in data.
John Brodie and Warwick Beresford-Jones launched Aquila Insight in 2012 with the determination to create a new model of analytics. Its consultants use data, advanced analytical techniques and cutting edge technology to create insight and ideas that help clients make the perfect connection with each and every one of their customers.
Aquila Insight’s roster of high profile clients includes Tesco Bank, Sony Mobile and Swinton Insurance. In 2016 it won the prestigious DataIQ prize for Transformation Through Data for its work with Sony Mobile, while consultant Alice Hodgson took the New Talent prize.
Located on Edinburgh’s Castle Terrace, CodeBase is the UK’s largest technology incubator and one of the fastest growing in Europe. Other tenants include Administrate, Float, and ZoneFox.