Hedgehog Lab
 | |
| Company type | Privately held company |
|---|---|
| Industry | Mobile application development |
| Founded | 2007 |
| Founder | Sarat Pediredla, Mark Forster |
| Headquarters | , England |
Area served | Worldwide, Global |
Key people | Sarat Pediredla (CEO) |
| Services | User research, user experience design, interaction design, software development, software testing |
Number of employees | 120 (2023) |
| Website | www |
hedgehog lab is a human-centered tech consultancy headquartered in Newcastle upon Tyne, with additional offices in York and Bulgaria.
hedgehog lab employs more than 120 people, concentrates on building mobile apps, web apps as well as product strategy, digital transformation, user research, user interface design, data engineering, cloud and devops services. The company has recently secured a £6.3m investment from growth capital investor, BGF. As part of the deal, the company announced the acquisition of York-based digital product consultancy, Netsells, in a move that will support the company's growth plans.[1]
hedgehog lab takes its name from Jim Collins’ book Good to Great, which features the ‘hedgehog concept’ of cultivating ‘piercing clarity’ in the pursuit of being great at one thing to achieve long-term results.
History
[edit]hedgehog lab founders, Sarat Pediredla and Mark Forster met while working as developers at a Newcastle-based digital agency. After leaving to launch their own business, they created a tool for the financial services sector and soon generated interest in their software-as-a-service offering.
Plans, however, were disrupted by the 2008 financial crisis, at which point hedgehog lab switched to a digital agency model. This was later refined to focus on ‘post-PC’ technologies, with the company looking internationally to grow market reach while still a micro-business.[2] After launching sites in London and India, it turned its attention to the US, opening an office in Boston in April 2015.
Having secured £1m of investment from Maven Capital Partners - one of the UK's most active equity houses - hedgehog lab had plans to grow revenues by at least 50% year-on-year until 2020.[3] The investment was used to increase the company's delivery capabilities, helped to grow its sales and marketing functions, and allowed the business to move into larger premises to support its growing international headcount.[4]
hedgehog lab secured a further £900k investment from Maven Capital Partners in 2020[5] to support its work with its international client base and further grow headcount. As part of the investment, experienced tech advisor Charles Andrews, who has previously held positions at IBM and Globant, joined the business as chairman.
In April 2023 hedgehog lab secured a £6.3 million investment from BGF – one of the largest and most experienced growth capital investors in the UK and Ireland.
As part of the multi-million-pound deal, hedgehog lab announced the acquisition of York-based digital product consultancy Netsells, in a move designed to support the company's ambitious growth plans. The two companies came together under the hedgehog lab brand and are headed up by hedgehog lab's current CEO, Sarat Pediredla, alongside an executive board that includes ex-Accenture Song managing director and Karmarama founder Ben Bilboul.
The combination of two firms with established and renowned capabilities will enhance hedgehog labs offering and growth prospects massively, by bringing together some of the best talent in the industry and facilitating its continued expansion into new international markets.
References
[edit]- ^ "Hedgehog Lab secures £6.3m investment from BGF, acquires Netsells | Mobile Marketing Magazine". mobilemarketingmagazine.com. Retrieved 2023-11-08.
- ^ Gibson, Robert (23 November 2014). "Staggering growth at Hedgehog Lab limited by skills shortage". Thejournal.co.uk. Retrieved 28 November 2017.
- ^ Whitfield, Graeme (26 September 2017). "Newcastle tech firm hedgehog lab to create new jobs after £1m investment". Chroniclelive.co.uk. Retrieved 28 November 2017.
- ^ Whitfield, Graeme (1 October 2014). "35 under 35: Meet the rising stars of North East business". Thejournal.co.uk. Retrieved 28 November 2017.
- ^ Ford, Coreena. "Tech firm hedgehog lab secures £900,000 investment to go for global growth". BusinessLive. Reach plc. Retrieved 3 June 2020.