Kildrummy, a software company founded in Shetland, has been selected to take part in a business programme at Massachusetts Institute of Technology.
The firm, which provides cost management software for many international businesses, will be represented by Barnaby Mercer. It's one of fourteen Scottish businesses selected to attend MIT's Entrepreneurship Development Program (EDP). The EDP is a week-long, high-level intensive executive education course which takes participants through the entire process of building an innovation-based enterprise from creation through to growth, investment and exit.
Barnaby Mercer said “I am honoured to be invited to participate in MIT's EDP. Kildrummy has a raft of new, innovative technologies developed in the past two years which we will be bringing to market in the immediate future. The knowledge and experience I gain at MIT will be invaluable in the successful exploitation of Kildrummy's world-class R&D.”
Barnaby expressed his thanks to the staff of Scottish Enterprise and Highlands & Islands Enterprise for their support.
Kildrummy was founded in 1992 by Ken Beer, who worked at the Sullom Voe Oil Terminal in the early 1980s. His speciality was cost management and he developed a software tool used by BP at that time. Ken Beer had chosen to make Shetland his home and although the company has offices in London and a subsidiary company in Houston, Shetland is still at the heart of the business, partly because the firm can recruit highly-talented young people who've benefitted from the excellent education available in the islands. Today, Kildrummy has clients in more than 50 countries around the world.