Cambridge University has spun out a number of young technology companies, and Spiral Software is one of them. The company was founded in 1998 by a group of postgraduates, two of whom, Mukund Unavane and Matthew Webster, still run the company. The group designed a program for modelling the properties of crude oil. The software is licensed to oil giants such as BP and Shell to help them decide which crude oils to buy and how best to refine them. Sales have risen 74% a year from £391,000 in 2001 to £1.2m in 2003.
|Activity||Modelling software developer|
|Average 3 year sales growth||73.93%|
|Latest sales £000s||1,181|
* supplied by company † annualised figure