ARRIA NLG has forecast it is on course to more than double revenue after picking up a number of new clients.
The company, which uses technology developed at Aberdeen University to translate complex data in readable text or diagrams, also announced it has picked up its second customer in the oil and gas sector.
It already provides services to Shell platforms in and around the Gulf of Mexico.
The new unnamed client has signed a pilot agreement to use Arria's natural language generation technology.
That will be used to provide summaries of the condition of critical oil exploration equipment.
Arria said that a successful completion of the pilot could lead to further deployment and licensing agreements.
In recent months Arria has also signed up customers in the aviation and agriculture sectors.
That led it to predict that revenue in the 12 months to September 30 next year is likely to come in at around £2 million.
That would be around 150 per cent ahead of the £787,000 booked in the financial year to September 30, 2014.
Stuart Rogers, chairman and chief executive, said: "Arria NLG is pleased to announce its fourth new client in as many months, and the second major client in our core industry of oil and gas.
"At the beginning of 2014, we stated that a good year for Arria NLG would be a broad expansion of the agreement with Shell, an expansion in our relationship with the UK Met Office, a first financial services client and a second oil and gas client. We have delivered on all of those contract goals on target.
"Additionally Arria NLG has extended further into aviation and US agriculture and we have delivered 2014 financial results in line with our expectations.
"The pace of signed agreements reflects the investment we made this year in our sales force and the quality and quantity of prospects in the sales pipeline. We see that pace continuing into 2015."
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article