2011 Deloitte UK Technology Fast 50 announced an independent ranking of the UK’s fastest growing technology companies |
*Fixnetix wins with 24557% per cent growth*
Companies selling technology to the financial services industry are prospering with three of the last four winners involved in this sector;
London tech scene thriving, with 52% of companies based in the capital, an increase from 36% in 2010
Deloitte, the business advisory firm, today announces the results of its 2011 UK Technology Fast 50 awards, an independent ranking of the UK’s fastest growing technology companies. This year’s winner is Fixnetix, a trading technology company, with a growth of 24557% per cent over the last five years. The average growth rate of the winning Fast 50 companies has increased to 2820%, a fifth (21%) higher than 2010 (2321%).
Tech and financial services – a winning combination
This year’s winner, Fixnetix, is the third company in four years serving financial services companies. Distribution Technology won in 2009 and Thunderhead in 2008 - both software companies serving this market.
Fixnetix is a trading technology company and provides solutions for high-speed access for trading information and executing trades on a number of electronically traded assets including stock markets. The company was founded in London in 2006 and its growth has been driven by a massive expansion of computerised trading and the increasing role of technology in global markets.
In June 2011, Fixnetix developed a microchip that can execute trades in nanoseconds, replacing the need for separate software. The chip is able to process trades at 740 nanoseconds. Speed is vital in the fast moving trading industry as hundreds of thousands of deals are done every second.
Hugh Hughes, the company’s chairman and CEO, said: “We are the only company offering this kind of technology across all asset classes.”
Fixnetix is expanding into the US and Far East and Hughes is feeling confident about the future. He said: “To succeed in the technology sector, you need to understand your product, listen to your customers and know what you’re up against. If you do all of that, and get your prices right, then you will continue to grow even in the toughest economic climate.”
David Halstead, partner leading the Deloitte Technology Fast 50, said: “The 2011 Deloitte Fast 50 shows that tremendous growth rates are still possible, with internet and software sectors showing particular strength and making up over half (56%) of the companies in the Fast 50 ranking.
“The Technology Fast 50 awards are an opportunity for businesses to gain recognition for their successes and achievements over the last five years. This year’s ranking highlights the importance of finding a niche product or service to beat the recession.”
Tech clusters – continued dominance of London and South
This year’s Deloitte Technology Fast 50 highlights the dominance of London, with eight of the top ten companies coming from the capital. Overall, technology companies from London make up 52% of the ranking and technology companies based in the South-East make up 16% of the ranking.
Capital internet hits
There are 12 London-based internet companies in the Fast 50, including LeadPoint UK, an online marketplace in second place, PKR, an online poker company, in fourth place, ratedpeople.com, a company that recommends tradespeople in fifth place, and notonthehighstreet.com, a gift website in eighth place.
David Halstead concludes: “This year’s Fast 50 demonstrates the continued dominance of technology companies London and the South- East.
“The large number of successful London based internet companies in this year’s Fast 50 reflects the importance of providing something bespoke whether the ability to play 3D poker online, to find good tradespeople or buy a distinctive gift online. The successful Fast 50 companies have combined winning ideas with successful business models.”
“The high number (52%) of Fast 50 companies based in London demonstrates the importance of the right infrastructure and easy access to overseas markets.”
Ends
Notes to editors
* Growth rates are all over the last five years.
Regional breakdown
|
Location |
2011 F50 |
2010 F50 |
|
|
London |
26 |
52% |
36% |
|
South East |
8 |
16% |
18% |
|
North |
3 |
6% |
8% |
|
Midlands |
4 |
8% |
6% |
|
Scotland |
4 |
8% |
6% |
|
Cambridgeshire and East |
3 |
6% |
14% |
|
South West |
1 |
2% |
4% |
|
Northern Ireland |
1 |
2% |
8% |
|
Industry |
2011 F50 |
2010 F50 |
||
|
Software |
13 |
26% |
11 |
22% |
|
Internet |
15 |
30% |
17 |
34% |
|
Telecommunications |
8 |
16% |
11 |
22% |
|
Biotechnology |
3 |
6% |
2 |
4% |
|
Media & entertainment |
3 |
6% |
3 |
6% |
|
Peripherals |
2 |
4% |
2 |
4% |
|
Electronics |
3 |
6% |
2 |
4% |
|
GreenTech |
3 |
6% |
2 |
4% |
London
|
Regional |
National |
Company Name |
Industry sector |
Growth rate |
|
1 |
1 |
Fixnetix |
Computers/Peripherals |
24557% |
|
2 |
2 |
LeadPoint UK |
Internet |
21801% |
|
3 |
3 |
|
Semiconductor, Components and Electronics |
17716% |
|
4 |
4 |
PKR |
Internet |
9314% |
|
5 |
5 |
RatedPeople.com |
Internet |
8144% |
|
6 |
7 |
Mimecast |
Software |
3102% |
|
7 |
8 |
Internet |
2720% |
|
|
8 |
10 |
Quickstart Global |
Software |
2481% |
|
9 |
11 |
Adconion Media Group |
Internet |
2443% |
|
10 |
12 |
Monitise Plc |
Software |
2408% |
|
11 |
13 |
Forward Internet |
Internet |
2388% |
|
12 |
14 |
Grove Group |
Internet |
1817% |
|
13 |
16 |
Kelway (UK) Ltd |
Computers/Peripherals |
1447% |
|
14 |
18 |
Block Solutions Ltd |
Telecommunications/Networking |
1332% |
|
15 |
21 |
Media Ingenuity Limited |
Internet |
1232% |
|
16 |
24 |
Essence |
Internet |
1139% |
|
17 |
25 |
Skrill |
Internet |
1113% |
|
18 |
30 |
Sciemus |
Semiconductor, Components and Electronics |
970% |
|
19 |
34 |
Ixaris Systems |
Internet |
859% |
|
20 |
36 |
Comtact Ltd |
Telecommunications/Networking |
829% |
|
21 |
40 |
TranslateMedia Ltd |
Media/Entertainment |
785% |
|
22 |
42 |
Academia Ltd |
Software |
750% |
|
23 |
45 |
Content and Code |
Software |
720% |
|
24 |
46 |
Geo Networks Ltd |
Telecommunications/Networking |
709% |
|
25 |
49 |
Reevoo |
Internet |
683% |
|
26 |
50 |
The Foundry |
Software |
675% |
Cambridgeshire and East
|
Regional |
National |
Company name |
Industry sector |
Growth rate |
|
1 |
6 |
Nujira |
Greentech |
4487% |
|
2 |
39 |
BlueGnome Ltd |
Biotech/Pharmaceutical/Medical Equipment |
808% |
|
3 |
43 |
Breathing Buildings Ltd |
Greentech |
749% |
Midlands
|
Regional |
National |
Company name |
Industry sector |
Growth rate |
|
1 |
9 |
Voice 2 Voice Limited |
Telecommunications/Networking |
2610% |
|
2 |
22 |
Mercato Solutions |
Software |
1219% |
|
3 |
28 |
Contigo Ltd |
Software |
1019% |
|
4 |
29 |
Innovise Plc |
Software |
1019% |
North
|
Regional |
National |
Company name |
Industry sector |
Growth rate |
|
1 |
15 |
eZe-Talk |
Telecommunications/Networking |
1547% |
|
2 |
31 |
Bglobal Plc |
Greentech |
932% |
|
3 |
32 |
Frog |
Software |
909% |
Northern Ireland
|
Regional |
National |
Company name |
Industry sector |
Growth rate |
|
1 |
26 |
Learning Pool |
Software |
1100% |
Scotland
|
Regional |
National |
Company name |
Industry sector |
Growth rate |
|
1 |
19 |
Cupid Plc |
Media/Entertainment |
1317% |
|
2 |
27 |
Skyscanner Ltd |
Internet |
1030% |
|
3 |
35 |
DEM Solutions |
Software |
852% |
|
4 |
48 |
Reactec Ltd |
Semiconductor, Components and Electronics |
697% |
South East
|
Regional |
National |
Company name |
Industry sector |
Growth rate |
|
1 |
17 |
Global Personals Ltd |
Software |
1371% |
|
2 |
20 |
Creativity Software |
Telecommunications/Networking |
1311% |
|
3 |
23 |
Koozai Ltd |
Internet |
1173% |
|
4 |
33 |
Isomob |
Media/Entertainment |
873% |
|
5 |
37 |
CV-Library |
Internet |
822% |
|
6 |
41 |
Beaming Ltd |
Telecommunications/Networking |
782% |
|
7 |
44 |
Exco InTouch |
Biotech/Pharmaceutical/Medical Equipment |
730% |
|
8 |
47 |
Wireless Logic |
Telecommunications/Networking |
698% |
South West
|
Regional |
National |