STC INSISO announces record first quarter following merger
Aberdeen-based STC INSISO has reported record revenues of £950,000 for the first quarter of 2021 since STC Global and INSISO merged earlier this year, putting them on course to achieve an annual turnover exceeding £2.5m.
The business performance improvements firm has secured £1.5m in contracts in Waste & Utilities, Medical, Hospitality, Finance & Insurance, Manufacturing and Marine across the UK, Middle East and USA since the turn of the year.
Following this significant business growth STC INSISO have also expanded their team, introducing 5 new members of staff, bringing the total headcount up to 20 plus a network of partner resources.
Furthermore, they have committed significant investment to develop 4-5 new tech product developments over the next 2 years in their bid to continue to advance the business performance improvement space, with a particular focus on measurement, assurance and incident prevention through its evolving COMET eco system of products.
Mark Rushton, CEO at STC INSISO, said: “It’s been a particularly strong start to STC INSISO’s journey with us exceeding our revenue target for the first quarter since we merged, which has further secured our ongoing growth trajectory in line with our ambitious business plan.
“What has also been extremely exciting to see is our efforts to diversify the company across multiple sectors pay dividends. We have deployed our business performance improvement solutions and training right across markets and global regions which is extremely gratifying for the whole team.”
Arrash Nekonam, chief technical officer at STC INSISO, added: “When we brought together STC Global and INSISO earlier in the year we were confident that formally combining our skillsets and experience would have huge benefits for clients both existing and new, but it has been fantastic to see the overwhelming confidence from the marketplace and the results we have achieved this far.
“As part of our strides to continue developing and adjusting to markets and challenges we have also been in active planning with SDI to boost our export strategy, as well as committing funds to the R&D of new tech as we enter the next phase of the business.”
STC INSISO provides business performance improvements through the smart integration of process design, health and safety solutions, training and innovative software.
Created by professional investigators with major incident experience, their flagship COMET product comprises a unique methodology, training package and online solution for incident investigation, root cause analysis and prevention.