The Journey So Far | | June 2001 | | Pilot launched using Sage Line 50 version 8
Sage release version 8.2 and stipulate a new license term that no remote access (and therefore hosting) is allowed under the terms of their license. Negotiations for a commercial license commence. | | | Sept 2003 | | Initial license granted by Sage. This license was bureau based and could only be sold to accountants and so we were unable to sell directly to end users. We are graned a period of exclusivity. Commercial launch at Softworld exhbition. Online50 attracts a lot of interest with the typical comment being "It's a great idea but I'm not sure if it's right for us." | | | | April 2004 | | At the following Softworld there is still a lot of interest. The typical comment is now "I can see that we are going to do it, I'm not sure when" The profile of the Online50 service continues to grow as more accountants sign up to the bureau based license. | | | | Nov 2004 | | Sage notify us that they want to change the license and negotiations for a new license commence. | | | | March 2005 | | Sage Authorised Application Service Partner license agreed. True monthly based usage license introduced with pricing for Sage Line 50 and Payroll and the ability to sell to end users. We maintain the right to allow our partners to resell the service. The license is fixed for 5 years and guarantees us the right to renew. | | | | May 2005 | | First users of the powerful and scalable Accounting Office software on the Online50 platform. 2nd Datacentre opened to support continued growth and improve service resilience. | | | | June 2005 | | Additional funding secured based on a mix of equity and loan stock to support further expansion. | | | | Jan 2006 | | We are awarded Microcsoft Gold Certified Partner status in recognition of our skills and the number of users on our platform. | | |
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The Company
The Online50 service is provided by IT Inside Out Limited, a Microsoft Gold Certified partner and Sage Authorised Application Service Partner. We are also an ISO 9001 : 2000 Registered Firm. We are a private company, and independent of the software vendors whose applications we host. IT Inside Out Limited is registered in England Number 3144276. Registered Office: Ternion Court, 264-268 Upper Fourth Street, Central Milton Keynes, Bucks. MK9 1DP. Correspondence Address: Unit 57 Skylines Village, Limeharbour, London E14 9TS.
The Board of Directors
Rob Lambden
Founder and CEOWith experience of both systems engineering and selling accounting software, Rob Lambden is one of the few people with the vision and ability to bring together the various disciplines needed to make a service like Online50 possible. He founded the company in 2001 to explore ways of working with accountants to better support their clients. |
| | Tony Biddle
Non Executive DirectorTony Biddle is a Chartered Accountant. He was variously Chairman and Finance Director of Biddle plc prior to his sale of the company. Tony was introduced to ITIO by another company that he had founded to offer outsourced accounting services. He joined the board in June 2005 bringing his financial expertise. |
| | Len Palmer
Non Executive DirectorLen Palmer has 29 years of experience in the IT software and services with 18 years at board level. He ran Foundation Systems, a VC backed reseller of mid market accounting systems for 15 years before successfully negotiating an exit in 2003. He joined the board of ITIO in May 2007 and brings his experience of managing sales growth and the accounting sector. |
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Our Vision
- To see UK small businesses efficient and dynamic in the national and international marketplace.
- With first class business leaders and sound management teams.
- With a distributed workforce bound together through the intelligent use of resources.
We know that we cannot achieve this vision on our own. But we can be a part of this vison being realised. We recognise that our accountancy partners are well placed to support small business owners and add real value to their business. That's why we are committed to working with our accountancy partners. We also support other projects with aims in line with our vision, for example sponsoring the IAB Business Entrepreneur of the year awards.
