Queen Mary Innovation

QMI celebrates another spin-out success as Actual Experience lists on AIM

QMI, the technology transfer arm of Queen Mary University of London, is celebrating the listing of another spinout company after Actual Experience (AE) joined the Alternative Investment Market this week, valuing the company at £15.5 milllion.

13 February 2014

13 February 2014

QMI, the technology transfer arm of Queen Mary University of London, is celebrating the listing of another spinout company after Actual Experience (AE) joined the Alternative Investment Market this week, valuing the company at £15.5 milllion.

Actual Experience joins Retroscreen Virology plc, another QMI spinout company and a leading provider of viral challenge studies and clinical testing technologies for developers of vaccines and anti-viral drugs, which listed on AIM in 2012.

AE, which is based in Bath, is an analytics company specialising in the management of corporate digital supply chains. Incorporated in 2009, Actual Experience was founded by Professor Jonathan Pitts and Dave Page with the financial backing of the IP Group and Angel Investors. QMI worked with Jonathan and Dave at pre-incorporation to develop the business plan and raise the early stage finance.

“QMI were an important part of the early life of Actual Experience. Pre-incorporation, we worked together very much as a team to raise the first financing. Without their hard work and dedication it’s fair to say that Actual Experience would have struggled to get off the ground,” said AE’s Chief Executive and co-founder Dave Page.

AE now works with over 40 blue-chip clients including Cisco, Ofcom and Accenture to improve the experience of staff and customers using digital services with software to measure, analyse and improve each company’s so-called digital supply chains.
 
AE’s top ten customers have approximately one million employees in total, and over $300 billion of annual revenues.

“We are delighted that another QMI company has made the successful transition to listing on the London stock market,” said Adam Daykin, QMI’s Head of Technology Transfer responsible for Technology and Engineering.

“As companies develop their technology and grow their customer base, the next logical step is to go for a public listing. That’s not the case with all companies but for AE it was right move and we believe that, with their product and strong management team, the Company will go from strength to strength,” said Adam.