Hi-tech firm deserts Iceland for Cambourne

EAST of England International (EEI), the regional body that helps attract and support overseas inward investors to the East of England, has assisted high technology company handPoint to move its headquarters from Iceland to Cambridge. HandPoint, a market

EAST of England International (EEI), the regional body that helps attract and support overseas inward investors to the East of England, has assisted high technology company handPoint to move its headquarters from Iceland to Cambridge.

HandPoint, a market leader in mobile point of sale (mPOS) and payments software for handheld devices, has relocated its UK base from Stansted to the new HQ on Cambourne Business Park. The UK operation has grown from two to six employees, with the intention of further growth in 2010.

David Gudjonsson, handPoint MD said it made sense for the business to locate its headquarters in the UK as the UK is the most advanced country for mPOS technology due to its chip and PIN systems. Having a base in the UK will allow handPoint to grow into other European countries as they adopt the technology.

Mr Gudjonsson said: "Mobile point of sale technology is rapidly gaining momentum, replacing or complementing fixed till technology and as the market experts, we knew we had to be positioned here in order to make the most of it, which meant moving the HQ and sales operations to the UK."

Dennis McGlynn, business development manager (technology) for EEI, said: "[handPoint's] product is a leader in a market that is seeing massive growth and we are delighted to have them, as the experts in POS technology, here in the East of England.