Founded by Caledonian University graduate Sam Amdjadi, the group sells higher-end cordless phones to consumers and business and is developing new smart products and services with the help of a £180,000 regional selective assistance grant and backing from the SE high growth programme.
Its innovative solutions have already attracted big corporate customers including most recently Telefonica and the Co-op, and it aims to double in size over the next two years, doubling employment to over 40. Turnover is expected to hit £10m this year.
Mr Amdjadi, managing director and co-owner (60%) with marketing director Daniel Stockhaus, said he was now investing in new marketing techniques, a city centre office, websites, back office systems, and distribution, and putting an expert management team together, as the company pushed into new markets such as Germany and France.
He said: "Most of our growth is coming internationally, the UK sector is actually declining but we have been able to continue growing the company."
Mr Amdjadi founded his first business Polaris whilst a student in Glasgow, and before he graduated was managing a team of website developers and netting blue-chip clients including AstraZeneca.
He spotted an unmet demand for high-quality telephony products and founded LiGo.
"I saw a huge potential but I had no background in supply chain management or negotiating with major manufacturers."
But turnover grew to £5m by 2008, then LiGo began offering solutions as well as products to the business market and developing niche own-brand offerings. Home phones can now offer a touchscreen and do clever things such as use Skype or make and receive mobile calls.
LiGo was started without any external funding and is debt-free. Mr Amdjadi said: "Even though there is a huge shift to mobile phones and smartphones, we are always trying to find a niche angle, and a profitable one. We have been very strong in cashflow and profits."
The business's website has five million visitors a month, and LiGo is now trying to develop home monitoring devices using smartphone technology.
Mr Amdjadi commented: "We haven't drawn down on our RSA grant yet, but by the end of next year we will have created 20 new jobs and drawn it down.
"Up until recently we were busy in our bubble trying to manage our growth business in a tough economy, then someone said 'you are successful in Glasgow creating jobs paying a lot of taxes why not ask the (grant) question?'
"I had always thought it would probably be a lot of work and paperwork for not a lot of gain but that has turned out not to be true."