Scientific software developer, GodelTech, has teamed up with postgraduate students from the University of Manchester Business School to investigate business opportunities in Norway as part of the company’s plans to open an office there in 2009.
GodelTech has appointed three Masters in Business (MBus) students to compile the market analysis project, dubbed the ‘Enabel Project’ after famous Norwegian mathematician, Niels Henrik Abel. They will look at location, set-up costs, and the legal, tax and contractual implications of setting up a business in the country.
GodelTech, which is based at Manchester Science Park with an office at Daresbury Science & Innovation Campus and two development centres in Europe, has commissioned the 12-week project three months after winning a major contract with Stavanger-based ADB Systemer to develop procurement and process management technologies for the oil & gas, healthcare and construction industries.
GodelTech has now decided to set up a permanent base in Norway because of growing demand for software expertise and Government initiatives to encourage investment in high tech and advanced tech industries, such as discounts on sites, tax relief and subsidies for foreign businesses.
GodelTech was bought by managing director, Terry Bland, in 2005 after he spotted a gap in the market for software that used mathematical problem solving to address every-day business issues. The company now employs 55 people and has a turnover of £1m.
As a Microsoft Gold Certified Partner, GodelTech’s software and services comply with international standards and guidelines, which means they can be used in any country.
Terry Bland, managing director of GodelTech, says: “Norway’s thriving industrial and innovation markets are an exciting prospect for us. By setting down roots there, we will be positioning ourselves to take advantage of them more easily. We’re confident that the move will help us grow the business another 40% next year and that we can use our experiences in Norway as a blueprint for further growth into other markets such as Sweden in future years.
“We have a close relationship with Manchester Business School through our mentoring work there and we hope to offer its students more research and business development projects like this in the future.”
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