The two companies that have grown the most in the Mab in 2016 are focused on the software sector. Facephi is an example of a company that in 2016 is seeing a recovery after difficult years, while Alitia is an example of a company that Mab has helped to grow to become one of the leaders in its sector.
Fastest growing companies in 2016
FACEPHI, seems to be on the mend
Founded in 2006, it is the global leader in Facial Recognition technology, which is used in banks around the world.
The application stands out for being the only facial biometrics solution adapted to mobile banking, allowing users to access their bank accounts by simply placing their face in front of their device's camera as a selfie and without having to enter a username and password.
Facephi entered the Mab in 2014, in July 2014 with a capitalisation of €12M and a turnover of only €800,000 and an ambitious project, but without invoicing, which caused the value of the company to fall as time went by. Facephi bottomed out, in stock market terms, on 22 December 2015 with a value of 0.29 cents per share, which put it below the €3 million market capitalisation. But from January the company started to grow as it began to implement its technology in different banks around the world, especially in Latin America.
In 2016 they have carried out several capital increases.
Altia, 6 years growing on the Mab
It offers IT consultancy services and ICT solutions for various sectors of activity (industrial, financial, services, telecommunications or public administrations) adapted to the client's needs.
Its corporate headquarters are located in A Coruña and it has seven more offices in the rest of Spain: Vigo, Vitoria, Santiago de Compostela, Madrid, Valladolid, Alicante and Toledo.
Altia, which was listed on the MAB in 2010 was the 10th company to be listed. Since then it has increased its turnover by 266% and its profits by 331%. It is now worth €109M more than when it was first listed.
Since 2014 it has had a major shareholder, the Indian investor Ram Bhavnani, who owns 7.5%. Since its IPO, Altia's shares began an unstoppable climb: the revaluation to June this year is 587%. The growth profile is due, in the words of Tino Fernández, to "the strength of its own resources", the confidence of large strategic clients, its R&D model, and the consolidation of the services managed from its data processing centre, with which it has managed to enter the cloud computing service provision niche.
