Collabco enjoys record period of success
Software development company, Collabco continues to experience strong growth and successful trading despite the Covid-19 pandemic and challenging market conditions. The company which is responsible for the design and build of innovative educational communication tool, ‘myday’, has seen demand increase dramatically throughout 2020.
The student engagement platform and mobile app provided by Collabco allow colleges and universities to drive student engagement, participation, and retention. As educational establishments and students across the globe adapt to the restrictions and implications imposed by the Covid-19 outbreak, myday has become increasingly valuable to customers and users. Since stricter measures were introduced earlier this year, Collabco has attracted more than 25 new clients from the education sector worldwide and successfully onboarded a record number of myday customers, assisting in the communication to and education of more than 1 million users all over the world. With a 350% year on year increase in usage, this high demand saw a number of myday customer apps rocket into the Top 20 of Education Apps in the Apple iOS Stores. One college reported having over 2,500 downloads in just two days when their app was launched.
Collabco are delighted to support education establishments across the globe but have also been pleased to work with a number of institutions in the North West including the University of Cumbria. “It’s great to be partnered with a forward-thinking North West firm like Collabco. Our implementation of myday known as the ‘Student Hub’ has been invaluable during the pandemic and helped us engage with our students, regardless of their location.” Comments Jed Carr, Business Analyst at the university.
Although its head office remains at Liverpool Science Park, Collabco has continued to maintain this strong growth whilst staff are furloughed or working from home. All members of staff have retained their jobs and employee numbers have grown by over 20% throughout 2020.
Since first receiving investment from The North West Fund in 2014, Collabco has developed its technology, strengthened its commercial presence, quadrupling its customer base and doubling its team to almost 30 people. Working in Liverpool, Collabco is engaging with local universities and graduates to identify the next wave of talent for the business. Collabco is utilising the government Kickstart scheme to give young people opportunity to find work. The company also continues to develop its technology, in order to expand existing customer platforms and functionality as well as attract new customers.
Andrew Taylor, Chief Executive Officer at Collabco said: “Our success during challenge and uncertainty is testament to the hard work of the team at Collabco. We are delighted that our technology and expertise is being recognised by customers across the world - and here in the North West. New roles have been created within our marketing, sales and customer success teams. We believe that the flexible working options offered at Collabco have helped us to attract new applicants and strong talent.
“The finance and support we have received from The North West Fund have been key to the development of our business. Collabco has worked closely with the Fund right from the early days to grow jobs in Merseyside and the North West.
“We are continuing to work collaboratively with both existing and new customers on developing software and additional features. Exciting new projects are in the pipeline and will be announced in the coming months.”
This case study was drafted in 2020. For further information and the latest updates from our portfolio businesses, please visit our news pages.