Employees to take over firm

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A ROSLIN-based technology services provider is to become employee-owned.

Network ROI, which was established in 2003, has 15 employees and an annual turnover of £1.57m.

Sean Elliot, who founded the company, said employee ownership as the best option to safeguard its long-term future and gives staff a stake in a ­business they work hard for.

He said: “Having spent ten years building the business, I’m delighted that I have found an exit strategy that will allow me to realise the value of the business whilst also ensuring that Network ROI continues to operate successfully and preserves our culture.

“Being acquired by the employees is the right ­strategy – it secures its future in ­Scotland and stability for both staff and clients.”

Co-operative Development Scotland, Scottish Enterprise’s employee ownership support arm, guided the company’s transition and provided advice on the implementation of the new ownership structure.

Sarah Deas, chief executive of CDS, said: “It is a dynamic business that is going places and this promises to be an exciting new chapter for the company.”