RedEye takes flight to open up USA market
A QUEENSLAND tech start up is looking to grow internationally after opening its third US office in a bid to make North America its key money maker.
Engineering software company RedEye last week opened a Denver office following an increased demand for its cloud-based technologies.
Wayne Gerard and Randall Makin founded the company in 2012, seeing the demand for cloud-based software in large scale engineering operations.
“We plan to employ another 20 people in the next six months to meet demand in Australia, the US and New Zealand, and venture into Europe,” Mr Gerard said.
Primarily focusing on mining, energy and water industries, RedEye software allows users to securely share engineering data across various locations and teams that operate large scale infrastructure projects.
“RedEye gives companies that own and operate critical infrastructure better control of their assets,” Mr Gerard said. “Whether they are in the office, on the road, or in the field, users can check or add to drawings, models, documents or inspection data anywhere, anytime via a mobile device.”
Currently bringing in revenue of $5 to $6 million a year, Mr Gerard said the US expansion was set to help double that figure by the end of the 2020 financial year, with North America looking to be the company’s prime revenue driver.
RedEye received funding through the Palasczcuk Government’s Advance Queensland initiative, giving the company the ability to push its product offshore to wider markets.
Mr Gerard said for the last three years, his software company has had year-on-year growth of 100 per cent – expanding operations in Australia, Philippines, New Zealand and the United States.