VEGA Group PLC
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| VEGA Group PLC | |
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| Type of Company | Public (LSE: VEG) |
|---|---|
| Founded | 1978 |
| Headquarters | Welwyn Garden City, Hertfordshire, UK |
| Key people | Phil Cartmell, CEO Sue Bygrave, FD |
| Industry | Aerospace, Defence and Government |
| Products | Consulting, Technology & Managed Solutions |
| Revenue |  GB £62.1 million (2006)[1] |
| Employees | 591 [1] |
| Website | www.vega-group.com |
VEGA Group PLC (LSE: VEG) is an independent consulting, technology and managed solutions company that specialises in Programme and System Assurance.
VEGA is named after a star in the Lyra constellation. 'Vega' is the fifth brightest star in the sky and the star by which the brightness of other stars is measured.
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[edit] History
VEGA was founded in 1978 by a small group of engineers based at the European Space Operations Centre ESOC in Darmstadt, Germany. They bid for and won a contract to provide satellite operations support to European Space Agency ESA missions, and VEGA was formed.
Today, VEGA still holds that original contract, which has been re-bid and re-won on a number of occasions. The company now has around 600 staff worldwide, with more than 300 working specifically in scientific, military and commercial Aerospace.
As VEGA grew, and its range of specialist consulting and technology services increased, it found new opportunities where organisations faced technologically sophisticated, people dependent, business-critical challenges, and so the compaany diversified successfully into both the Defence and Government markets.
VEGA floated on the London Stock Exchange in 1992 and is listed on the FTSE Fledgling Index (Software and Computer Services classification) and the FTSE techMARK Index. Since its floatation it has grown both organically and by acquisition. The most recent acquisitions include Anite Systems GmbH, a subsidiary of Anite Group plc (2004), and IT consultancy, Crew Services Ltd (1999).
[edit] Locations
UK
- Welwyn Garden City (Headquarters)
- Bristol
- Fareham
Germany
- Darmstadt
France
- Toulouse
[edit] Market Sectors
VEGA operates across three main sectors:
- Aerospace
- Defence
- Government
Information of Note:
In 2006 VEGA was awarded a GB £19m contract by Thales UK to deliver the through-life training solution for the UK Ministry of Defence (UK MoD)'s £800m WATCHKEEPER Unmanned Air Vehicle (“UAV”) system. [2]
VEGA remains to be actively involved with the European Space Agency (ESA) and has supported the majority of the agency's successful launches since 1978. This includes the recent launches of ESA's Venus Express and MetOp satellites. The company has also recently signed €7m contract with ESA's Directorate of Science Programmes (D/SCI) based at the European Space Research and Technology Centre (ESTEC). [3].
In 2006 the group was awarded a GB £4.6m contract from the UK MoD to provide ongoing architectural modelling capability. Architectural modelling is gaining significant momentum within the MoD, as it plays a vital role in the implementation of Network Enabled Capability (NEC) and the introduction of the MoD Architecture Framework (MODAF).
Framework Agreements
VEGA is qualified under a variety of framework agreements, enabling agreements and Service Catalogues. The most significant of these are the Defence Communication Services Agency (DCSA) Information and Communications Services (ICS) Catalogue and the Office of Government Commerce (OGC) buyingsolutions' frameworks catalogue, Catalist.
[edit] Activities
VEGA's capabilities are aggregated into six key service lines, which run horizontally throughout the above market sectors. They are:
- Capability Acquisition
- Human Performance Improvement
- Information Security
- Simulation and Technology Solutions
- Technology Support Services
- Science and Technology Research
[edit] Accreditations
Quality Assurance
VEGA is certified to the internationally recognised Quality Management Standard, BS EN ISO 9001:2000. In addition to this certification, VEGA has adopted the software sector TickIT registration scheme.
[edit] References
- ^ a b VEGA Annual Report & Accounts 2006 (PDF) 72 pages. VEGA Group PLC.
- ^ UVOnline.com
- ^ London Stock Exchange
