Cloud accounting scale-up iplicit has made a bold move in pursuit of its ambitious goal of achieving unicorn status. After securing a massive £43.5 million investment and experiencing seven consecutive years of impressive annual growth of over 100%, the company has relocated its headquarters to the vibrant coastal town of Bournemouth.
The decision to move to Bournemouth is a strategic one, as iplicit looks to capitalize on the town’s thriving tech scene and attract top talent to join its rapidly expanding team. With this move, iplicit aims to solidify its position as a leading player in the cloud accounting market and continue its impressive trajectory towards becoming a unicorn company.
Founded in 2014, iplicit has quickly established itself as a disruptive force in the accounting industry. Its innovative cloud-based software has revolutionized the way businesses manage their finances, offering a comprehensive and user-friendly solution for all accounting needs. This has resulted in a loyal and rapidly growing customer base, with the company now serving clients across the UK and internationally.
The recent injection of £43.5 million in funding from renowned investors is a testament to iplicit’s potential and success. This significant investment will enable the company to accelerate its growth plans and expand its reach even further. With this financial backing, iplicit is well on its way to achieving its goal of becoming a unicorn company – a privately held startup with a valuation of over $1 billion.
The decision to relocate its headquarters to Bournemouth is a pivotal moment for iplicit and a clear indication of its determination to achieve its ambitious goals. Bournemouth’s thriving tech scene, coupled with its renowned quality of life and stunning coastal location, makes it the perfect fit for the company’s culture and vision. This move will also allow iplicit to tap into the town’s diverse and highly skilled talent pool, providing the company with the resources it needs to continue its rapid growth.
The iplicit team is excited about the move and the opportunities it presents. CEO and co-founder, Andrew Garvey, said, “We are thrilled to be relocating our headquarters to Bournemouth. This move is a testament to our team’s hard work and dedication, as well as the continued support from our investors. Bournemouth’s growing tech scene and vibrant community make it the ideal location for us to continue our journey towards unicorn status.”
The move to Bournemouth also aligns with iplicit’s commitment to providing a positive and supportive work environment for its employees. The company’s modern and spacious new headquarters, located in Bournemouth’s bustling business district, will offer a state-of-the-art workspace with all the necessary amenities to foster creativity and collaboration.
The news of iplicit’s relocation has been met with enthusiasm and excitement from the local business community and government officials. The Mayor of Bournemouth, John Adams, commented, “We are delighted to welcome iplicit to our thriving tech community. Their decision to relocate to Bournemouth is a testament to the town’s growing reputation as a hub for innovation and entrepreneurship.”
With its headquarters now firmly planted in Bournemouth, iplicit is well-positioned to continue its impressive growth and cement its status as a leading player in the cloud accounting market. The company’s relocation is a clear demonstration of its determination, drive, and potential to achieve unicorn status. As iplicit’s journey continues, all eyes will be on this hypergrowth tech firm, eagerly anticipating its next move towards becoming a unicorn company.
