The Deloitte Technology Fast 50 is an annual ranking of the UK’s 50 fastest-growing technology companies based on percentage revenue growth over five years. Deloitte launched the programme over a decade ago to celebrate the world-class achievements of the UK technology sector. The Technology Fast 50 awards are all about revenue growth driven by leading intellectual property, and are a celebration of innovation and entrepreneurship. This year digital service companies are thriving as the Web continues its advance into every aspect of modern life. They have overtaken software companies dominated last year’s ranking. In this year’s Deloitte Technology Fast 50, internet companies take 21 of the top 50 slots.
This year’s winner is Distribution Technology, a company that provides financial planning and sales technology to financial institutions such as banks and insurers, large IFAs, and Distributors. The Reading-based company has achieved a staggering 18,225% growth rate. Founded in 2003, Distribution Technology supplies a range of financial software products that enable qualified advisors to pinpoint key products and cross-sell others to customers faster, more efficiently and more compliantly.
In second place, Heart Internet Ltd has seen a spectacular annual growth rate of 8548% over the last five years. Based in the Midlands, the company provides hosting and domain name registration to individuals, SMEs and resellers, with the latter making up about 50% of its customer base. Heart is currently responsible for more than 400,000 domains and employs 40 people.
Third on the list is ApaTech, a London-based orthobiologics company which has seen rapid expansion in the last eighteen months drive the business to a five-year growth rate of 8318%
The company was spun out of Queen Mary, University of London research into synthetic bone graft technology in the 1990’s, which generated a variety of commercially-viable IP.
Companies must fit the following criteria:
- It must have been in business for a minimum of five years;
- It must be considered a technology company, which is defined as: producing technology; manufacturing technology-related products; be technology intensive, or use unique technology to solve problems
- The company must devote a high percentage of effort to technology R&D;
- The parent company must be UK-owned with its headquarters in UK (subsidiaries of multinational organisations do not qualify);
- Operating revenues must be at least £34,000 (50,000 Euros) for financial year 2004 and £540,000 (800,000 Euros) for financial year 2008.
Click here to see the full list
Photo from Creative Commons: Flicr: TDR1