Bluefruit Software first tech firm to become owned by its employees

One of Cornwall’s largest tech companies has become the first in the sector to become owned by its employees. Bluefruit Software has changed to become an employee owned business with the formation of an Employee Ownership Trust (EOT). Employees are now the principal shareholders in the company, with a 51% stake and a say in governance. The EOT’s board of trustees has two non-director employees on it, who will be working on decisions that affect all their colleagues. Already Truro , St Austell and Exeter law firm Stephens Scown is owned by its employees but Bluefruit is the first tech

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