1. Sage Group, 2. Clarivate, 3. Ocado, 4. Softcat, 5. Darktrace, 6. Kainos Group, 7. Trainline, 8. Spirent, 9. Bytes Technology, 10. New Work, 11. Genius Sports, 12. Team17, 13. Exscientia, 14. GB Group (GBG), 15. Frontier Developments, 16. Babylon Holdings, 17. Arqit Quantum, 18. Cazoo. In this post, let's examine some of the largest tech companies in The UK, ranked by market capitalization. Go directly to other related articles on Toplist if you want to see more of the largest financial companies in other regions ranked by market capitalization.
- Sage Group
- Kainos Group
- Bytes Technology
- New Work
- Genius Sports
- GB Group (GBG)
- Frontier Developments
- Babylon Holdings
- Arqit Quantum
Sage, or The Sage Group plc, is a worldwide corporate software firm headquartered in Newcastle upon Tyne, England, in the United Kingdom. In 2017, it had 6.1 million customers all over the world, making it the largest supplier to small businesses and the third-largest provider of enterprise resource planning software (after Oracle and SAP). It’s spread throughout the globe, with offices in no less than 23 nations. The Sage Gateshead, a concert hall in Gateshead, is supported by the firm.
Sage is a publicly traded company that can be found on the FTSE 100 Index’s London Stock Exchange. The corporation, with its roots in and current headquarters in Newcastle upon Tyne, United Kingdom, has expanded both in-house and via mergers and, more recently, subscription services.
Sage Group is worth $10.04 billion as of April 2023. With this market capitalization, Sage Group becomes the 1481st most valuable company in the world. Sage Group’s current revenue (TTM) is $2.17 billion, as shown in the company’s most recent financial reports. The company’s revenue of $2.17 billion in 2022 was down from the $2.47 billion it made in 2021.
Founded: April 27, 1981
Headquarters: Newcastle upon Tyne, England, UK
Screenshot via https://www.sage.com
Bibliometrics and scientometrics; business/market intelligence and competitive profiling for pharma and biotech, patents and regulatory compliance, trademark protection, domain, and brand protection are just some of the subscription-based services offered by Clarivate Plc, a British-American publicly traded analytics company.
Clarivate, which operates the Web of Science product family and includes services/applications including Publons, EndNote, EndNote Click, and ScholarOne, is well-known in academic and scientific circles as the organization determining the impact factor. In addition to its many ProQuest offerings, the company also provides the Cortellis, DRG, CPA Global, Derwent, MarkMonitor, CompuMark, and Darts-ip product lines.
In 2016, Onex Corporation and Baring Private Equity Asia acquired the Intellectual Property and Science Business from Thomson Reuters, forming Clarivate. Since its inception five years ago, Clarivate has expanded rapidly through acquisitions, purchasing more than a dozen businesses in the information services sector (see below).
Antitrust concerns were raised when Clarivate bought out enterprises that competed with each other. The most egregious example is Clarivate’s 2017 acquisition of ProQuest, a competitor to Clarivate’s Web of Science, for $5.3 billion.
- Philadelphia, United States
- London, United Kingdom
Screenshot via https://www.clarivate.com
Former Goldman Sachs merchant bankers Jonathan Faiman, Jason Gissing, and Tim Steiner established the online grocery store Ocado in April 2000. Ocado was introduced in January 2000 as an idea, and in January 2002, it began trading as a business in conjunction with Waitrose, which is a part of the John Lewis Partnership.
Michael Grade joined Ocado as its non-executive chairman in September 2006. During a stock transfer in November 2008, the John Lewis Partnership contributed 29 percent of its shares to the company’s employee pension fund. John Lewis Partnership and Ocado signed a 10-year branding and supply partnership in May 2010. The John Lewis pension fund divested its entire stake in Ocado in February 2011.
Hatfield, England, is home to Ocado Group, a British company that licenses supermarket technology. It also has a 50% stake in the Ocado.com retail business in the United Kingdom (with rival retailer Marks & Spencer holding the other 50%). The stock is traded on the London Stock Exchange, and the company is included in the FTSE 100 Index.
Founded: April 2000
Headquarters: Hatfield, Hertfordshire, England, UK
Screenshot via https://www.ocadogroup.com
Peter Kelly established Softcat, located in Marlow, as a provider of IT infrastructure in 1993. It operates out of Bristol, London, Manchester, Leeds, Marlow, Southampton, Birmingham, and Glasgow in the United Kingdom, as well as an office in Dublin, Ireland.
The firm trades on the London Stock Exchange and is included in the FTSE 250 Index. Peter Kelly established Softcat on March 30, 1993, in High Wycombe, under the moniker Wardswift (which stood for “Software Catalogue” at the time). Martin Hellawell was named the company’s managing director (later CEO) in December 2005. The company’s headquarters relocated to Marlow in April 2006.
Softcat’s podcast, Explain IT, premiered on March 14, 2018. After the first season, Explain IT was the 39th most popular podcast on the UK iTunes chart. Softcat stated in December 2018 on their podcast feed that season two would premiere in January 2019. Season 2 of Explain IT premiered on January 3, 2019. At the 2019 CRN Sales and Marketing Awards, held on July 4th, Explain IT was honored as the winner of the “Best Marketing Campaign” category.
Headquarters: Marlow, Buckinghamshire
Screenshot via https://www.softcat.com
Darktrace is a cybersecurity firm based in the United Kingdom and the United States. The company was founded in 2013, with offices in both Cambridge (UK) and San Francisco (USA). In addition to being part of the FTSE 250 Index, it is also traded on the London Stock Exchange.
Darktrace was established in 2013 in Cambridge with help from British intelligence agencies and Mike Lynch’s Invoke Capital. Lynch is a co-founder of Autonomy, which was acquired by Hewlett-Packard in 2011 amid allegations of fraud and a legal battle to extradite him to the United States. Darktrace described the possibility of liability resulting from the lawsuit against Lynch as “low risk” in the registration paperwork it submitted to the stock market.
Headquarters: Cambridge, England, and 555 Mission Street, San Francisco, California, U.S.
Screenshot via https://www.darktrace.com
Software company Kainos Group plc (often known as simply Kainos or Kainos Software) is headquartered in Belfast, Northern Ireland, and focuses on creating IT solutions for corporations and other organizations. In addition to being part of the FTSE 250 Index, it is also traded on the London Stock Exchange.
On April 14, 1986, Fujitsu and the Queen’s University of Belfast’s business incubation unit (QUBIS Ltd.) teamed up to form Kainos. Frank Graham, creator of Kainos, was named managing director in January 1987, and the company’s first office was located in the QUBIS building on Malone Road in Belfast.
In 1994, Kainos spawned Lagan Technologies, a software provider for municipal governments in the United Kingdom and the United States. In 2010, it was purchased by Kana Software of the United States. In 1997, as a result of the company’s growth, Kainos established a second headquarters in Upper Crescent, Belfast, and a second set of offices in Mount Charles.
Founded: April 14, 1986
Headquarters: Kainos House, Upper Crescent, Belfast, Northern Ireland
Screenshot via https://www.kainos.com
Formerly known as Thetrainline.com, London-based Trainline (now simply known as Trainline) is a global digital rail and coach technology platform. Its website and mobile app, which are compatible with iOS and Android, sell train tickets and railcards and provide free access to real-time train timetables and railway station information. It is a component of the FTSE 250 Index and trades on the London Stock Exchange.
The Virgin Group founded Trainline in 1997, and in 1999 they introduced ticket sales over the Internet. Capgemini was contracted to run the service. Stagecoach eventually bought into the company for 49%. Trainline’s biggest rival at the time, Qjump, merged with the company in February of 2004.Stagecoach divested itself and the resulting firm is owned by Virgin (86%) and National Express (14%).
Exponent Private Equity purchased Trainline in July 2006. Trainline signaled a shift in approach toward the smartcard market with the acquisition of Advanced Smartcard Technologies and ECEBS in July 2007. In November of 2012, Ecebs was sold to Bell ID.
Headquarters: London, England, UK
Screenshot via https://www.thetrainline.com
Founded in 1984 and headquartered in Crawley, West Sussex, Spirent Communications plc is a global leader in telecommunications testing. In addition to being part of the FTSE 250 Index, it is also traded on the London Stock Exchange.
In 1936, Jack Bowthorpe started a business called Goodliffe Electric Supplies. The town officially became known as Bowthorpe in 1949. In 1987, it bought Optima Electronics and by 1990, it had sold off its defense operations. During the dot-com boom of the 1990s, the company’s electronics division expanded rapidly thanks to the acquisitions of Telecom Analysis Systems (based in Eatontown, New Jersey) in 1995 and Adtech (a digital test equipment concern based in Hawaii) in 1997.
At one point, the company was included in the FTSE 100 index. In 1999, it bought Netcom Systems, a US telecommunications testing business that develops network equipment testers, and DLS, a Canadian telecoms testing business, and subsequently divested itself of its automotive industry operations In 2000, the company additionally acquired the Operations Support Systems company Hekimian, the communications software company Zarak Systems, and the access systems company Net-Hopper.
- Crawley, West Sussex, United Kingdom
- San Jose, California, United States
Screenshot via https://www.spirent.com
Located in Leatherhead, Surrey, Bytes Technology Group is a software distributor. In addition to being part of the FTSE 250 Index, it is also traded on the London Stock Exchange. In 1982, the company’s founders opened a store in Epsom. Allied Electronics Corporation (Altron), founded by successful entrepreneur Bill Venter, bought it in 1998.
In December of 2020, the company went public on the London Stock Exchange after being demerged from Altron.
The company distributes software for computers, primarily Microsoft products but also cloud storage, security, and asset management solutions. During the fiscal year ending 30 June 2019, it was the largest UK reseller of Microsoft’s Azure cloud computing software.
Headquarters: Leatherhead, Surrey, England
Brands, goods, and services for the modern workplace are all available from NEW WORK SE. In doing so, NEW WORK SE extends its record of success, which now spans over two decades. Their well-known names help mold the future of work every day by putting people first. As a result, their goods and services are crucial to improving the quality of working life for both employees and employers.
Originally launched as openBC, the professional network has undergone a metamorphosis into NEW WORK SE in order to democratize professional networks in German-speaking nations. Today’s professionals place a premium on and rely significantly upon their network of contacts for a variety of reasons.
In 2006, the company was known as XING; in 2019, it is known as NEW WORK SE. The New Work movement is the impetus behind all of the company’s endeavors, and the name change is a reflection of that devotion. As a result of this dedication, NEW WORK SE aids businesses in reaching new heights of success.
Founded: August 2003
Headquarters: Hamburg, Germany
The sports leagues, bookies, and media outlets that work with Genius Sports benefit from the company’s data management, video streaming, and integrity services. To get listed on the New York Stock Exchange, Genius Sports signed a business combination agreement with dMY Technology Group, Inc. II, a special purpose acquisition company, in April 2021. Betgenius, a supplier of technology and data to the gambling industry, and SportingPulse International, a provider of sports data and software, merged to establish Genius Sports in 2016.
Genius Sports is a software company that caters to sports governing bodies and leagues. Sports leagues all around the world rely on this technology to collect, organize, and disseminate their respective data and statistics. Sports agree to let Genius Sports share their data and videos with bookies, casinos, and media outlets for commercial purposes.
Over 300 other sportsbooks, including FanDuel, Skybet, and Bet365, are partners of Genius Sports. Genius Sports offers live statistics, odds, and streaming from more than 240,000 annual live sports events to bookmakers.[
Headquarters: London, U.K
Screenshot via https://www.geniussports.com
The Wakefield, England-based Team17 Group plc creates and publishes video games. In December 1990, British publisher 17-Bit Software merged with Swedish developer Team 7 to form the company. Michael Robinson, Martyn Brown, Debbie Bestwick, Andreas Tadic, Rico Holmes, and Peter Tuleby made up and ran the two companies back then.
Later, Bestwick was promoted to, and still is, Team17’s CEO. Success with Andy Davidson’s Worms in 1995 led to the development of over 20 installments in the franchise, which remains the studio’s primary development output to this day. The studio’s first game, Full Contact (1991) for the Amiga, was followed by several other number-one releases on that platform.
In 2010, Bestwick led a management buyout that saw Robinson and Brown leave Team17 and leave Bestwick in sole charge of the organization. Team17 launched an independent video game publishing company in 2013, and the company now has its own headquarters in Nottingham. Light (2013) was the company’s first video game to be released.
After receiving a sizable investment from Lloyds Development Capital in September 2016, Team17 took many steps to grow the company, including acquiring Mouldy Toof Studios, the studio responsible for Team17’s 2015 release of The Escapists, and adding many additional key employees. The IPO was released in May 2018 and the company is now a publicly traded business on the Alternative Investment Market with an estimated valuation of £230 million. In 2019, Team17’s two locations are home to 200 employees.
Founded: December 7, 1990
Headquarters: Wakefield, England
Screenshot via https://www.team17.com
Exscientia plc is a biotechnology firm. The company is creating the first clinically verified AI-driven platform to improve treatment results for cancer patients, as well as medication candidates designed by AI for use in clinical trials. Exscientia provides services to clients in the UK. Exscientia is a biotech firm that employs an AI platform that covers the entire drug development process, from ideation to clinical trials. Exscientia’s mission is to accelerate drug discovery through the use of innovative technologies.
They can help people lead longer, healthier, and more fruitful lives if we use AI to speed up and improve the process of precision engineering medications. They’re an AI-powered drug discovery firm that uses both AI design and high-precision data gathering to advance the field. When combined, they boost the efficiency and accuracy of AI and ML pipelines. Pre-clinical drug development can be greatly sped up by our combined design and experimentation efforts, which will ultimately benefit patients all around the world.
Screenshot via https://www.exscientia.ai/
GB Group (GBG)
GBG is a corporation that checks people out, provides geo-intelligence, and checks for fraud. GBG provides businesses with data and tools to confirm their clients’ identities and locations. The foundation of GBG products is information gathered from over 200 international collaborators. Innovative geospatial, anti-fraud, and biometrics technologies are GBG’s main area of expertise. 4.4 billion people throughout the world can have their identities checked by GBG.
In 1989, GBG was founded as GB Mailing Systems with the intention of capitalizing on the growing need for postal code and address databases. GB Mailing Systems was a company that offered not only software but also bureau services for things like postal codes, names, and addresses.
Company founder Trevor Burke rebranded the firm in the late 1990s as GB Information Management before selling it to rival firm Phonelink in July 1999. Located in Chester, United Kingdom, GB Information Management had an estimated 80 employees and a sales of 6.9 million GBP and an operating profit of 1 million GBP at the time of acquisition.
Headquarters: Chester, United Kingdom
Screenshot via https://www.gbgplc.com/
Frontier Developments plc, founded in January 1994 by David Braben and headquartered in Cambridge, England’s Cambridge Science Park, is a British video game developer. Frontier has created numerous games in David Braben’s Elite series, including Elite Dangerous, and is best known for its amusement park management simulators under multiple brands owned by other firms, which led to the creation of Frontier’s own Planet Coaster and Planet Zoo.
The original Elite games that the firm worked on were Frontier: Elite II (which it ported) and Frontier: First Encounters (which it developed), hence the name. The company went through a reorganization in 2013 and is now a public limited company trading on the AIM market of the London Stock Exchange.
Both Frontier: Elite II (1993) and Frontier: First Encounters (1994), the successor to Acornsoft’s iconic 1984 game Elite, were developed by Frontier Developments. When selling stock to the public in 2013, the firm listed the original Elite as a “Game by Frontier” in their back catalogue, despite David Braben having assigned all rights to the game to the corporation in 2008.
Founded: 28 January 1994
Headquarters: Cambridge Science Park, Cambridge, England
Screenshot via https://www.frontier.co.uk
Babylon Holdings Limited is a digital healthcare provider headquartered in the UK. The Company’s digital clinical platform facilitates digital care in countries as diverse as the United States and Rwanda by making member health records accessible via mobile devices. The system is available online around the clock for use by doctors in the United States and the United Kingdom.
The platform provides longitudinal care for a wide range of acute and chronic illnesses, including chronic pain, pregnancy, cardiovascular disease, diabetes, and many more, using standardized treatment protocols, administrative processes, technology, and automation. Babylon 360 is the company’s flagship comprehensive solution, and it blends state-of-the-art technology with human clinical experience to offer managed care to its members at every stage of the continuum of care.
Headquarters: 2500 Bee Cave Road, Building 1 Suite 400Austin, TX 78746United States
Screenshot via https://www.babylonhealth.com/
Arqit offers a one-of-a-kind Platform-as-a-Service for quantum-safe encryption, protecting the communications links or data at rest of any networked device or cloud machine against any existing or future forms of attack, including those carried out by quantum computers.
QuantumCloudTM, a product by Arqit, allows any device to download a small piece of software that, in conjunction with other devices, may generate encryption keys. The keys are zero-trust, one-time use, and computationally secure. QuantumCloudTM can generate an infinite number of keys for groups of any size and control the safe entry and exit of individual devices within that group.
Their current method of encryption was developed in the 1980s. It was never meant to function in today’s always-on digital environment. It’s been quite helpful, but it’s starting to let us down lately. Every day, its weaknesses lead to new security holes. A more serious issue, though, exists. Cybersecurity in the age of quantum computing is in jeopardy.
As a result, a worldwide effort to improve existing encryption technology is required. This is a revolutionary improvement above previous versions. There is no use in trying to make public key encryption, which is already obsolete, useful again by patching, mending, and taking risks with incremental improvements.
Headquarters: United Kingdom
Screenshot via https://arqit.uk/
Founded in 2018 by Alex Chesterman in London, Cazoo is a British online vehicle store.
British internet entrepreneur Alex Chesterman established Cazoo in 2018. In December of 2019, it debuted what has since become its principal business: an online marketplace for pre-owned automobiles.
In August of 2021, it merged with a special-purpose acquisition firm managed by hedge fund manager Dan Och and became publicly traded on the New York Stock Exchange despite having its headquarters in the United Kingdom. The corporation was worth $8 billion at the time of its IPO. Since then, its market value has dropped by more than 97%, prompting CEO Alex Chesterman to resign.
Launching its first foreign used-car marketplaces in Germany and France in 2021, Cazoo temporarily moved into Italy and Spain in early 2022. After announcing layoffs in the United Kingdom in June 2022, Cazoo stated in September 2022 that it would cease operations throughout the European Union, laying off all 750 of its EU employees and closing its offices in France, Germany, Italy, and Spain.
Headquarters: London, United Kingdom
Screenshot via https://www.cazoo.co.uk/