TVS, a leader in software test and hardware verification solutions, continues to expand since becoming a member of the SETsquared Alumni group in 2013. Alumni membership has enabled TVS to retain access to expert strategic, commercial and legal support that have been crucial to supporting another successful year of growth for the company. TVS now employs over 120 people worldwide, making TVS the largest of SETsquared’s current members.
TVS joined the award-winning SETsquared business incubator in March 2008 with just the founder, Dr. Mike Bartley, and his aspiration to create a global business providing specialist software test and hardware verification services and products. SETsquared has provided continued business advice and support to help TVS realise that vision.
Dr. Mike Bartley Founder and CEO of TVS said, “SETsquared has given TVS great advice and help since we joined in 2008. As a technical specialist I needed guidance on how to grow a business and SETsquared effectively provided this. TVS is very pleased with its on-going relationship with SETsquared.”
During the past year TVS has expanded its operations with the opening of an office in Singapore, and it has started providing services into China and South Korea. TVS plans to continue its geographic expansion with offices in China and the USA during the second half of 2014. In addition, TVS has recently further expanded its services into security testing via a niche service in supporting compliance to safety standards, which it expects should also bring significant growth.
The Bristol SETsquared Centre now has 65 businesses that it is supporting including members within the elite “Alumni” group. In addition to TVS, other SETsquared supported businesses that have existed at the Centre and continue on exciting growth paths include XMOS, DigitalTV Labs, Apitope, DocCom, Brightpearl, Blue Speck Media and Imetrum.
Nick Sturge, Centre Director of the SETsquared Centre in Bristol said, “It has been a real pleasure working with Mike and the team at TVS over the last five years and supporting them in this aggressive global growth. We are delighted to welcome the business into our elite Alumni group and honour it as Bristol SETsquared’s largest member company.”
Find out more about TVS products and services here: www.testandverification.com
About The Bristol SETsquared Centre:
The SETsquared Partnership (http://www.setsquared.co.uk) is the enterprise collaboration of the Universities of Bath, Bristol, Exeter, Southampton and Surrey. Together, the universities employ 8,500 academic staff; earn £450m of the UK’s higher education research budget; and produce 11% of all UK university patents.
The partnership has a 10-year track record of supporting companies through its innovation centres, which provide access to industry specialists, investors and experienced entrepreneurs. SETsquared currently supports over 250 early stage high-tech, high growth potential businesses, and 90% of its incubated companies are still in business three years on. In the past five years, nearly £0.75bn in investment funding has been raised by spin outs and incubated companies.
The Bristol SETsquared Centre, now located within the Engine Shed in the heart of Bristol’s Temple Quarter Enterprise Zone, supports over 60 members who between them employ over 650 people and have raised over £80m in the last 6 years.
A full list of the businesses currently supported by the Bristol SETsquared Centre can be found at www.setsquared.co.uk/companies/bristol-centre-members
Nick Sturge, The Bristol SETsquared Centre