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.

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Company details
Year2004
Rank71
CompanySpiral Software
ActivityModelling software developer
LocationCambridge
Average 3 year sales growth73.93%
Latest sales £000s1,181
Staff18
Founded1998
Websitewww.spiralsoft.co.uk

If applicable:

* supplied by company † annualised figure