A TECH firm from Malvern has been honoured with a royal award this week.

Payara, based at the Malvern Hills Science Park, received the Queen’s Award for Enterprise for International Trade.

The company creates infrastructure software to help international companies including BMW, Hermes and Rakuten Card.

As the UK’s most prestigious business award, the Queen’s Award honours UK businesses which have excelled in international trade while maintaining high standards in social, economic and environmental activity.

Steve Millidge, founder and CEO of Payara Services Ltd, said: “We’re thrilled to win a Queen’s Award for International Trade.

“Payara was born global and has team members in many countries.

“This award recognises their commitment to the mission of delivering trusted, supported, enterprise software to customers worldwide.”

Payara’s marketing manager, Dominika Tasarz-Sochacka, added: “This prestigious award enhances our global reputation and builds on the exceptional growth we’ve experienced overseas in the last three years.”

Payara is one of 205 organisations nationally to be recognised with a Queen’s Award for Enterprise, which is personally approved by Her Majesty The Queen.

Now in its 55th year, winning businesses can use the esteemed Queen’s Awards emblem for five years.

Payara was recognised having increased its annual revenue by 107 per cent over the last three years, with export sales rising from 33 per cent to 75 per cent.

With a secondary EU office located in Funchal, Portugal, Payara introduced a strategy for overseas trade following its official launch in 2016 and now 95 per cent of its services are exported to nine countries globally - including the USA, Japan, South Africa, and Germany.

A team from Payara spent a week on the island of Funchal in preparation for the new move back in March 2020, just before the covid pandemic hit.

During the lockdowns that followed, Payara helped support apprentices by offering help and training in spite of education being hit across the county.

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