AN innovative software company has made the short move into a new home as it continues to develop.

Quorum Development Ltd, which works with some leading global energy suppliers, has transferred into new office space on a North-East technology park on the back of 20 per cent annual growth.

Quorum has created office space for its 14-strong workforce in the North East Technology Park’s (NETPark) new Explorer building, in Sedgefield, County Durham, having doubled its number of clients last year.

The company, which was established in May 2002, supplies expert advice, software and services to a wide group of organisations and businesses, including Centrica, EDF Energy, and Orsted, in Denmark.

Its products help its customers to gather accurate data across a business field and allow them to make informed decisions.

Among examples are its availability forecasting module, which combines local weather forecasts and plant equipment problems, among other data, to accurately forecast the output for each generating unit.

It helps traders to quickly understand and estimate the amount of electricity they have available to trade.

Quorum’s director and co-founder, John Sherban, said it enables it to keep pace with changes within the power generation industry.

“It is changing quickly in response to the move to generate renewable energy, and, because we’re a small company, we’re agile and best placed to respond to those changes.

“There’s a skillset and depth of experience in place here so people know we can be trusted to produce software that solves their problems, on time and to budget,” said Mr Sherban.

Quorum’s list of clients takes in Europe, Australia and the Middle-East.

The company has annual turn-over of £1.3m, with plans to increase that to £2m-plus in two years’ time.

It was previously based on the incubator at NETPark, which is run by Business Durham, the economic development organisation on behalf of Durham County Council.

The move to the new Explorer building has been part of the park’s ambitious expansion plans.

Mr Sherban said: “NETPark has been a great place for us. The location is great for our clients who fly into Newcastle Airport and the staff at Business Durham have been fantastic.

“They have done everything possible to facilitate the move for us.”

NETPark manager Janet Todd said: “Quorum is an exceptional company and we’re delighted to welcome them to their new home.

“We look forward to supporting them further as their business grows.”