The move comes in a bid to secure the services of more of the 35  Olympic and Paralympic Sports Federations, which, according to Sport:80, have a combined overall estimated worth of around £720 million ($1 billion/€920 million).

Sport:80 already has several clients within the Olympic and Paralympic Movement, including the British Olympic Association, Archery GB, British Fencing, Disability Shooting Great Britain and the Boccia International Sports Federation.

The firm, based in Sheffield, provide several services for the organisations, including enabling them to book accommodation and to register for international sporting events.

They also offer the bodies the chance to track and monitor performance at various competitions through their online platform, as well as checking their athletes have the correct accreditation.

Sport:80 aim to use the platform to enforce a change in the industry by switching from a paper-based service to an online format.

The company had a key role in the International Shooting Sport Federation (ISSF) World Cup series in 2011 as they delivered and managed personnel logistics during the competitions.

Their introduction onto the AIM, a sub-division of the London Stock Exchange, comes as part of the company’s strategy to expand their services into further sporting organisations ahead of this year's Olympics and Paralympics in Rio de Janeiro. 

 “London 2012 was a game-changer for the British sports industry,” Sport:80’s chief executive Gary Hargreaves said.

The Sport:80 chief executive also believes his company’s platform will help elevate sport “into the 21st Century”.