Lisburn smart homes tech firm OKTO Technologies to treble staff by 2025
A Lisburn tech company has announced plans to treble its workforce by 2025.
OKTO Technologies specialises in the development and delivery of smart building technology and control systems in some of the UK's highest value residential and hospitality properties.
Set up by Philip Dowds in 1992 as a TV aerial installation and repair firm, last year OKTO recorded sales of £7.2m.
Mr Dowds said he believes the company can increase its earnings ten-fold over the next six years to £70m by increasingly targeting the south east of England.
He said the key to its recent growth has been the investment in research and development, creating 'smart' or invisible technology systems, which transform the performance of buildings and homes.
OKTO now provides one fully integrated platform covering all electronic building technology requirements. The systems include heating, ventilation and air conditioning control, combined heat and power systems, vehicle and passenger lift control, lighting control, window treatment control, audio-visual, IT, security, access control and automation.
The company's main market is London, which Mr Dowds said remains central to its 2025 growth strategy. Clients include Clivedale London, Candy & Candy and The Dorchester Collection.
In Northern Ireland, it has carried out luxury installations for private homes and for insurance giant, Allstate.
Mr Dowds said: "We believe in taking customer service to the highest level. Our 'no stone left unturned' approach is built into our guiding principles and is a critical factor which differentiates us from the competition, delivering customer loyalty and business growth in equal measures.
"Our immediate priority is to invest further in our team of designers, engineers and project managers."