Specialist mobile app company, Lavatech which secured a minority PE investment from Inflexion just over 12 months ago has reported a 130% growth in revenue to its year end in June 2021.
The company, which was founded by solicitor and its CEO, Sucheet Amin pays testament to the resilience of his people during an unbelievable year, which saw headcount more than triple from 8 to 25.
鈥淒uring the first lockdown, we saw no appetite for law firms to invest in new technologies, preferring to wait and see how their businesses adapted as we all settled into a new normal. However as soon as the first lockdown ended, we saw a huge spike in interest and new business as firms realised the potential of our platform to support them through new working practices.鈥�
More from News
- Meta Promised Unmatched Privacy For Muse 鈥� So How Did Researchers Crack It So Quickly?
- Digital Avatars Are Bringing Deceased Artists Back To The Stage 鈥� Where Do We Draw The Line?
- Can Europe Solve Its Critical Minerals Problem Fast Enough To Support Its Tech Ambitions?
- Google Has Agreed To A 拢260 Million Settlement: Who’s Eligible For Compensation?
- China Wants To Build A Third Global AI Bloc 鈥� What Does That Mean For Everyone?
- Advanced AI Society Joins the Linux Foundation And Launches Open Verification Ecosystem
- What Could Snap鈥檚 Partnerships With Big Tech Mean For The AR Industry?
- Why Did A Four-Year Bomb Threat Campaign Involving 500,000 Gmail Accounts Go Unchecked?
The platform, has benefited from the pandemic forcing businesses to embrace new technology, in particular communication platforms.
Using a simple and straightforward licencing model, the company has seen its monthly re-occurring revenue grow by 186%, supported by a new electronic identity verification service, critical in legal transactions.
Sucheet added, 鈥淭hese incredible results are a combination of a simple yet effective solution, dedicated people and a formidable leadership team. Our ambition is to maintain and improve upon this impressive growth trend for the year ahead.鈥�
inCase鈩� are an 鈥渁ward-winning鈥� mobile applications and software management company specialising in solutions for legal professionals. They are a business dedicated to making continuous improvements within the legal industry using the latest pioneering technology. They have won multiple awards, including the Modern Law Awards and the Modern Claims Awards.
