Synapse Information has created cloud-based software which allows people to simultaneously edit shared spreadsheets and reports.

Based at Innovation Birmingham Campus and founded by a group of British experts with Silicon Valley experience, it has grown turnover to £5 million and counts Lloyds Bank and Ikea among its clients.

After securing £1.2 million of new funding this year it is looking to grow its team in the city from 30 to 50 staff and continue development of a new accounting system which it claims has the potential to save businesses thousands of pounds every year in professional fees.

Check out our '101 Birmingham and Midlands’ list for more tech stars from the region.