North East: Technology Sector Snapshot – 2024

Welcome to the fourteenth edition of Ryecroft Glenton’s UK Technology Snapshot Report.

This edition provides a comprehensive review of 2024 and a look ahead to 2025, analysing key trends and developments in the technology sector, and featuring insights from seasoned experts and industry professionals.

The publication is a companion document to an exclusive event that is being held in Newcastle on 5th March, titled “How to Scale, Create, and Protect Value within the Technology Sector” and showcases some of the key topics that will be covered at the event.

We are very excited to feature an interview with Steve Nelson, an experienced and successful entrepreneur in the North-East technology sector. Steve has held senior roles at The Sage Group PLC, QSP PLC, and NE tech incubator, Leighton. He has co-founded and invested in numerous successful SaaS businesses. External recognition includes the Ernst & Young Entrepreneur of the Year award and the Director bank/Grant Thornton Outstanding FD award. Steve shares his insights on strategic vision, scaling challenges, market positioning, and his most rewarding experiences as a non-executive director in the tech industry.

In addition, we explore the dynamic landscape of the UK technology sector, providing a comprehensive analysis of key industry trends and their implications for the M&A market in 2025.

In this edition we continue our collaboration with Weightmans, a leading national law firm renowned for its expertise in corporate M&A and its strong focus on the technology sector. Weightmans created a specialist cybersecurity consultancy business 2023 called CyXcel. Weightmans and CyXcell have contributed two fascinating articles discussing the following key legal trends in the technology sector:

  • AI & Copyright: Developing Within The Bounds of the Law
  • From Reactive to Proactive Cybersecurity: Resilience as a Market Differentiator

We also welcome Nigel Wright to this edition. Nigel Wright is a leading UK & European recruitment and executive search firm and is very active in the technology sector. Megan Johnson, an Associate Director based in Newcastle and technology lead within the North-East has written an interesting article highlighting the critical role that a well-rounded leadership team has in driving successful technology companies.

View our other North East: M&A Technology Sector Snapshots here.

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