Concurrent seeks Cambridge talent to power global expansion
The Colchester-based firm Concurrent Technologies is to establish a design office on the Melbourn Science Park over the next few days in an effort to harness the high quality engineering recruiting power of the Cambridge region.The move comes on the back of a significant US appointment and outstanding figures in the firm’s six month interims, which saw record orders, a 26 per cent increase in turnover and a 93 per cent rise in pre-tax profit.
Concurrent, which manufactures high-end embedded computer products for critical applications in the defence, transportation, communications and industrial markets, has released a number of new systems over the last year and is in search of new talent to carry on the advances it needs to increase its share in the US and Chinese markets in particular.
The first engineer destined for the new site has already been hired, with the figure expected to increase to at least half a dozen over the next six months.
While longer term plans have yet to be revealed and a more detailed statement from the firm is imminent, it is not expected that the new facility will affect the Colchester headquarters where the company employs some 60 staff.
Commenting on the new facility, Concurrent’s director of sales and marketing, Jane Annear, said: “It will be complementary to the Colchester site, which will continue as it is.
“The reason for the move is to increase design operations.
“We will be able to recruit from a bigger talent pool, which also draws a bigger crowd from abroad.”
Concurrent’s main product range includes single processor – with both dual and single cores – and dual processor computer boards.
Boards for use in standard operating conditions form the majority of its product range, with ruggedised versions for use in extreme environments.
The largest markets for Concurrent’s products are now communications and defence, which together in the first half of 2006 accounted for 82 per cent of the company’s sales by value.
Increased sales efforts, particularly in the US and China, has resulted in a strong order book, a record for the 20-year old firm.
Michael Collins, the Concurrent chairman, said: “We have experienced a strong start to the year and a continuation of the trend witnessed in 2005. Indeed, our order book has reached record levels, which we believe is sustainable and well within the operating capacity of the company.
“The introduction of new products based on the latest dual core processors will, we believe, ensure that our strong industry position is maintained, attracting new business from both existing and new customers.
“To capitalise on our increased market share we now need to increase the flow of new product launches and so wish to recruit more design engineers.
“We have started a number of recruitment initiatives that will be developed over the coming months.”
Concurrent’s international ambitions have recently been reinforced by the appointment of Brent Salgat as vice president of sales and marketing for North America – the firm’s most senior overseas appointment to date.
Concurrent views this as an important step forward in increasing its already strong hold in the North American market.
Glen Fawcett, Concurrent’s managing director, said: “The appointment of Brent will help reinforce the position of Concurrent in the high-end embedded computer market place within North America.
“His extensive experience and knowledge make him the ideal player to help the company expand its customer base and market share.”