TestPlant selected for London Stock Exchange’s new ELITE programme

  • Posted by JB Brockman
  • On April 29, 2014

London, UK – April 29, 2014 – TestPlant, the maker of the eggPlant range of software quality tools has been selected, together with 18 other companies, to take part in the ELITE programme by London Stock Exchange.

ELITE is an innovative business support programme for high growth private companies in the UK. The 24 month programme provides founders, CEO’s and executive teams with business support tools, education services by Imperial College Business School and access to a select group advisor’s and investors.

The programme is supported by major trade bodies including CBI, ABI, BBAA, BVCA and Tech City. In addition, companies will have access to the programme’s ELITE Entrepreneurial Fellow, Sean Phelan,  founder of Multimap and Angel Investor.

Over the course of the programme management teams will be guided on how to adapt and shape their businesses for growth and increase their visibility and attractiveness to potential investors.

George Mackintosh, TestPlant CEO. “ELITE membership signals the second phase of our international growth. This LSE initiative allows us an opportunity to explore funding our expansion plans over the next five years. We want to make TestPlant a sizable, profitable and long term British software success story.”

Xavier Rolet, CEO, London Stock Exchange Group. “ELITE will provide high growth companies, like TestPlant, with the essential tools it needs to develop as well as help foster a connected financial ecosystem, promoting the right type of funding for the business at each stage of its journey. We firmly believe that companies, such as TestPlant, will fuel the long term growth of the UK economy, and that ELITE is a unique platform to help companies achieve their full potential.”

Matthew Hancock, Minister of State for Skills and Enterprise, MP. “Innovative, imaginative and inspiring small businesses are essential for the British economy and it is part of the Government’s long term economic plan to ensure that they have the right environment to grow. Programmes such as ELITE that offer access to high quality education, advice and support will help businesses scale up in the right way.”

About TestPlant

TestPlant is an international software business based in London. It has development centers in the USA and the UK with sales and support centers in the USA, the UK and Asia as well as an extensive network of business partners. The company was founded in 2008 by George Mackintosh and Jon Richards with venture capital backing and it has shown rapid revenue growth organically and through the acquisitions of Redstone Software and Facilita.

TestPlant’s products are used in over 30 countries by well over 300 enterprise customers in sectors which include Financial Services, Automotive, Healthcare and Life Sciences, Media and Entertainment, Retail and Defense and Aerospace.

The eggPlant range is a set of software quality tools which supports the design, development, test and management of software applications for mainframe, desktop and mobile use in any technology platform environment. The tools are relevant in agile, mobile, web and DevOps deployments. eggPlant use improves and reports on the quality and responsiveness of software systems, reduces time to market and lowers costs by introducing process automation. eggPlant tools have been granted patents with several applications pending.

The company’s achievements have been recognised within the software industry and by the venture capital community. TestPlant is also a Red Herring Global Top 100 company and was awarded a Queen’s Award for Enterprise in 2013. www.testplant.com