A DORSET entrepreneur who co-founded one of the fastest-growing technology companies in Europe has seen it floated on the stock exchange in Warsaw.

Andrew Radcliffe co-founded Spyrosoft less than four years ago after leaving his job as head of development with Ordnance Survey in Southampton.

Spyrosoft business is headquartered in Wroclaw in Poland and is aiming for further growth in the UK from its offices in Ferndown.

Spyrosoft released nearly 180,000 shares – 17 per cent of its registered capital – on the NewConnect Stock Market in Warsaw.

Mr Radcliffe said: “Spyrosoft has become one of the fastest growing technology businesses in Europe providing technology consulting and design services, development of enterprise solutions and embedded software engineering.

“We are working at the cutting edge of software development, bringing clients’ ideas to life by recognising their problems and formulating effective and thorough solutions for the automotive, financial services, industry 4.0, geospatial, employee experience and education sectors.”

In 2016, Spyrosoft had 15 staff working from one location in Poland. Today, there are 470 in offices across Poland, the UK, Croatia, Germany and the US. In 2019, revenue grew by 124 per cent to 16.6million euros.

Mr Radcliffe previously helped develop IT leaders of the future at the Cranfield School of Management and advised the UK government on technology in Whitehall.

Spyrosoft was created in 2016 to fill what it called a “growing gap between technology and business”.

“Spyrosoft has developed a winning formula that combines specialist market knowledge, superior technical expertise coupled with a flexible, transparent and pragmatic approach to delivering real technology outcomes,” he said.

“That’s just what clients want – recognition of the opportunities and constraints they face in their industry with a robust, economical and on-time solution.

“Following this flotation we are planning further growth and expansion, developing our presence in the UK and looking at other markets across the world where we believe we can make a difference.”