A Worcestershire company which specialises in tuning software
for cars is eyeing up markets in Brazil and China after
successfully increasing the value of its exports outside Europe
from five per cent to 35 per cent in just 18 months.
Viezu Technologies, which is based in Bromsgrove, has harnessed
the support of UK Trade & Investment (UKTI) in sourcing
opportunities abroad - especially in Japan, Singapore and the
USA.
The company, which last year turned over £750,000, first
enrolled on UKTI's Passport to Export programme in 2010 and began
to tap into various support streams, including the Market Visit
scheme and Tradeshow Access Programme. It has exhibited at the New
Zealand motor show and has since taken part in global automotive
products trade show SEMA in the USA and sent dealers to be trained
in Japan and the USA.
Viezu, established three years ago, first decided to look at
export possibilities after realising that its UK market had grown
as much as it could. In addition, the seasonal nature of car tuning
in the UK meant an uneven revenue stream for the firm, with peaks
in the summer. But, as seasonal fluctuations vary from country to
country, the company started to look for opportunities abroad for a
more even workflow across the year.
The nature of Viezu's business lends itself well to export - as
it deals with software, everything is done online, meaning no
products are left to the vagaries of postal services. And, as the
demand for more environmentally friendly vehicles continues to
grow, so does the demand for Viezu's range of software, to allow
vehicles to be tuned in order to make them more fuel efficient.
Having such a heavy focus on export has meant changes in the way
the business and the company's nine members of staff operate. The
company is now available to dealers from 6am in the morning to
9.30pm at night, 364 days a year, to allow for real-time support
worldwide.
The company is now looking at using UKTI support to help with
areas of the business such as the website - with a Chinese and
Russian translation section in the pipeline.
CEO Paul Busby said: "UKTI and our ITA Shernel Stevenson have
been brilliant. It isn't just the financial support but the other
support, the expertise and the networking. We recently attended a
Doing Business in Russia event where we got to talk to people who
could give us advice about doing business there. Where else would
you get such an opportunity?"
Shernel Stevenson, UKTI international trade adviser based at
Herefordshire and Worcestershire Chamber of Commerce, said: "Viezu
is a pleasure to work with, with a strong and dedicated team who
constantly push the barriers to drive the company forward. The
company had established themselves in the UK marketplace quickly
and so it made sense for them to look abroad for more
opportunities.
"I am delighted that the UKTI assistance we have been able to
give them has helped them to gain a foothold in international
markets and expand their offering to take advantage of new markets
and I look forward to helping them to develop this offering in the
future."
For more details about how UK Trade & Investment can help
your business expand into new markets overseas, contact the
international trade team at Herefordshire and Worcestershire
Chamber of Commerce on 0845 641 1613.