Plymouth Science Park welcomes first high tech tenant

Intelligent Optimisations (IO) has announced it is expanding its West Country arm to the Science Park in Plymouth where it will take over the top floor of One Research Way - the most technologically advanced building in the region.

IO are the first tenants to sign up to Plymouth Science Park’s new multi-million pound development.

With offices in London and Plymouth, IO is a high growth technology company that specialises in buying online advertising space on behalf of its clients, using Machine Learning to automate and optimise the process.

Whereas existing solutions on the market manually segment audiences to match them with relevant ads, IO identifies new customers based on their dynamic intent in real-time rather than traditional demographics.

The company has grown from five employees in 2013 to 45 today and is expected to double in size by the end of the year with immediate benefits to local growth and employment in the Plymouth / Devon region.

"We are delighted to be moving to the Plymouth Science Park in December. It's an exciting venue which allows us the all-important room to grow but also provides an environment which matches the aspirations of our business and puts us alongside other exciting companies,” says CEO Tom Bowman.

Christian Jenkins, Director of Operations for Plymouth Science Park, said: “We are looking forward to IO joining our community, they are our type of business who share our aspirations to grow and be the best and we delighted they have chosen to partner with PSP to achieve their goals.”

Plymouth is staking a claim to be the region’s economic powerhouse thanks to unprecedented development and soaring growth rates with large-scale regeneration projects and business site expansions transforming the cityscape.

Part of that growth engine, Plymouth Science Park is one of the leading Science Parks in the UK and currently houses 90 businesses employing 900 people; average growth for businesses in their first year on the Science Park hovers above 30%.