Founders Simon Lyon, Nigel Verdon, Phil Herbert and Jon Peacock set up Evolution Consulting Group in 1996 to provide technology consultancy to banks, venture-capital houses and insurance companies. One important aspect of its work includes implementing secure IT systems so that investment banks can make multi-million dollar transactions online. With their background in big consultancies and banks, the founders have not advertised for work, relying instead on personal referrals. Their client list now includes top banks such as ABN Amro and UBS Warburg, which has helped to drive up sales of the London company by 82% a year from £761,000 in 1997 to £4.6m in 2000, when it employed 57 staff.
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