Hospitality software developer eviivo provides a platform for the owners of 5,300 small independent hotels and bed-and-breakfasts to help them manage bookings. The company also connects them to over 230 travel websites and agencies to advertise available rooms. Founded in 2004, the company plans to expand into continental Europe and eventually Asia, thanks in part to Investcorp, who recently acquired majority ownership and provided £2.3m of additional expansion capital. Sales grew 66% a year, from £1.7m in 2008 to £7.7m in 2011, as its customers realise the importance of reaching customers online.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2012
Rank44
CompanyEviivo
ActivityHospitality software developer
LocationCentral London
Average 3 year sales growth66.49%
Latest sales £000s7,689
Staff84
Founded2004
Websitewww.eviivo.com

If applicable:

* supplied by company † annualised figure