Tech company Asset 55 expands team to meet growing demand for digital

SaaS technology company, Asset55, has made eight new appointments as demand for its digital services grows in light of the coronavirus.

The new hires include three engineers, four software developers and a business development manager to lead on oil and gas technology solutions.

Having recently moved to a landmark office development in Sunderland, The Beam on the former Vaux site, the entire team are now working from home to deliver SaaS services.

Duncan Brown, a director at Asset 55, said: “The vast majority of our clients are outside of the UK, which means that Asset55 can be located anywhere.

“We are well used to using technology to work remotely with clients round the world and put home-working measures in place as part of our business continuity plans in January, after seeing the effects of coronavirus on China.

“Given the current industry challenges in the oil and gas sector and now Covid-19, it’s even more important that we support our customers with our skills and experience and our continuous focus on cost and safety efficiencies.

“Operators will be looking to make up time that will be lost due to oil and gas project delays going forward, therefore we need extra people on board to help them through these challenging times.

“We are delighted to welcome our eight new people on board and are really looking forward to working with them to solve safety, integrity, schedule and cost challenges offshore through our software and consultancy-led services.”

Asset 55 has been operating in the oil and gas technology and services market for eight years and is owned by North East entrepreneur, David Frame and chairman Mike Rudd.

The business is supported by a team of in-house engineering consultant who act as a “knowledge core” to help understand the needs of the sector.