R&D strategy pay off for Systems Union
Changes to the way accounting software house, Systems Union, redevelops its products has turned a £30m loss into profits of £3.9m.
Under the leadership of Paul ‘Jack the Knife’ Coleman, the company has moved much of its research and development offshore to Shanghai, reducing the equivalent UK cost by around 25%.
At the same time the development ‘crown jewels’ have remained in Farnborough, while it has radically changed its development methodology so that it can now release individual functionality as it is complete rather than as part of a system-wide upgrade.
‘This is like a modular approach where product can be released iteratively, but where development risk is tackled early on,’ Iain Bishop, the company’s director of research and development explained.
The full insight into Systems Union’s change of fortune will appear online tomorrow.