Bluefruit Software develops Lean-Agile embedded software for a wide range of sectors. The company was founded by Paul Massey 20 years ago. The company’s Staff will now have a direct say and stake in how the business operates. The move will also benefit clients as research has shown that employee-owned businesses are more productive, have higher levels of staff engagement and are more resilient during periods of economic downturn.
Paul Massey, Director and Founder of Bluefruit Software said: “This move to employee ownership will ensure that no matter how much Bluefruit grows, we will never lose sight of the positive, supportive culture that made us so successful in the first place. Bluefruit’s future is brighter than ever before because each and every member of our team is now invested in our collective success.
“The profits of the business are going directly to the team delivering the projects so our clients can be sure that the team they are working with are 100% committed to delivering the very best project to the highest standards as owners of the business. With a personal stake and a seat at the table, the goals of our people and the business are inherently aligned.”
Bluefruit Software is looking to continue its growth, which saw the company increase revenue by 50% last year. The company will also continue to investment in its people and the region. This year, Bluefruit expects to expand to a team of over 85 people living and working in Cornwall, and take its revenue over £5m.
Staff who have been at Bluefruit Software longer than three months received a tax-free bonus of up to £1200 each. Two members the team have also been elected as non-director Trustees to represent the interests of staff at board level.