Optima Partners records 40% growth in revenue
Data and business consultancy Optima Partners is experiencing rapid growth. With double-digit revenue expansion, the firm expects to hit a record income of £12 million by the end of the financial year.
Optima Partners is an advanced data and business consultancy. It works across the financial services, energy and telecoms sectors supporting its customers in strategy and engagement, design and transformation and advanced data science and engineering.
This has placed the firm well to make the most of rising demand for AI services – with its experts helping businesses solve complex challenges by using specialists with industry specific expertise to integrate AI, machine learning, GenAI and advanced engineering with their offerings.
As a result, the Edinburgh-based consultancy has seen its revenue “increase sharply by 40%, hitting the World Economic Forum’s definition for hyper growth”, according to a release from the firm. This puts Optima on course to hit £12 million in revenue by June 2025.
Alan Crawley, CEO at Optima Partners, commented, “Growth in the accessibility of data has the potential to unlock a significant amount of latent value, allowing business leaders to make smarter, better-informed decisions. Advanced AI, machine learning, Gen AI and engineering are all extremely valuable tools but, without the right mix of expertise, they can also prove little more than expensive distractions.”
Another new offering in March 2024 saw Optima formally launch bioXcelerate, its health data science division. With three different products separately licenced to the pharmaceutical industry, bioXcelerate harnesses the power of large-scale data analysis to significantly reduce the time it takes to develop new and effective drug treatments. Since its launch, bioXcelerate has doubled its blue-chip pharma client base and continues to grow its Pleiograph drug discovery platform.
To fuel this expansion, Optima has almost doubled its team over the last 18 months. The firm also celebrated the launch of two additional offices in London and Bristol, enhancing its service provision to clients across Europe. As part of an ambitious growth plan, it now hopes to further expand its workforce to more than 200 in the next three years.
Crawley added, “People are the most important part of any business and the driving force when it comes to achieving sustainable growth. Our holistic approach brings human skills, data driven processes and the latest technology together to help our clients achieve greater impact for their customers.”
