Innocore’s boss is top CEO in the North East

Aug 28 2009 by Iain Laing, The Journal

THE boss of a Newcastle gaming company has been named this year’s North East Venture Capital-backed CEO of the Year.

Edward Price, CEO of Innocore Gaming, was awarded the title by the British Private Equity and Venture Capital Association (BVCA) in recognition of his company’s phenomenal growth since he led a management buyout in December 2006. As a consequence, he will go forward to the national final in October.

The BVCA CEO North East Awards attract entries from the North East, Yorkshire and Humberside.

Mr Price was not only named Venture Capital-backed CEO of the Year, but the company was also awarded the Best International Impact Award.

Backed by regional fund management firm NEL Fund Managers, the company has seen its turnover and subsequent profits rise sharply in the past two years and its forecast for 2009 predicts continued growth, despite the current economic climate.

Following the MBO, funded by NEL Fund Managers, the company has remained resolute on its strategy – increase its portfolio of products, expand its customer base and grow its exports. Mr Price said: “Our exceptional growth can certainly be attributed to our clear strategy to increase our product portfolio, our customers and the number of countries in which we operate in and export to.