Deloitte Fast 50 winners announced
Software and ad tech companies head up list of fast-growing tech firms
Global accounting firm Deloitte has published its Fast 50 index, an annual list of the fastest-growing tech firms in the UK.
Ad tech firm Switch Concepts Ltd came top of the overall Fast 50 list by a clear margin, with a rate of growth of 10,477% over five years – more than twice that of the second-placed company.
Founded in 2008, Switch Concepts claims to allow advertisers and publishers the opportunity to maximise return on investment and revenue from advertising, by providing a unified service leveraging data analytics and industry relationships.
The firm has also placed highly on the Sunday Times Tech Track 100 for the second year in a row.
Elsewhere, full-service digital software firm Equal Experts came in second place with a 4,429% rate of growth, narrowly beating third-placed mobile app developer Mubaloo, with 4,404% growth.
Former Young Gun Alistair Lukies’ mobile payments provider Monitise narrowly missed out on making the top 10, with a 2,639 rate of growth putting it at number 11.
Switch Concept’s 10,477% rate of growth is one of the highest ever recorded on the index, and marks a 703% improvement on last year’s winner ezetop’s 9,774%.
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The average five-year growth rate also increased from 1,389% to 1,695% – a 306% difference and a further indication of the growing importance of tech to the UK economy.
Broken down by sector, software and internet companies made up a combined 82% of the winners, up from 56% in 2009-2013.
In contrast, telecoms companies made up just 8% of the 2014 index – down from 22% in 2013.
The top 10 companies were:
- Switch Concepts Ltd (10,477% growth rate)
- Equal Experts UK Ltd (4,429% growth rate)
- Mubaloo (4,404% growth rate)
- Avecto (3,892% growth rate)
- Briefyourmarket (3,821% growth rate)
- ElasticHosts Ltd (3,787% growth rate)
- Agenor Technology (3,582% growth rate)
- Peerius (3,067% growth rate)
- Lovestruck.com (3,035% growth rate)
- Cambrionix Ltd (2,989% growth rate)
The full Deloitte Fast 50 index can be found here.