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Deloitte Honours UKFast in Growth List

Article date: Thu, 02 Dec 2010 14:39 GMT

Deloitte EMEA Fast 500

Manchester-based hosting solutions firm UKFast has rounded off another successful year of growth with a place in Deloitte's Technology Fast 500 EMEA ranking.

One of the UK's leading hosting providers reported a 557 per cent growth rate over the past five years, putting it at 322nd place in the list that ranks the fastest growing public and private technology, media, telecommunications, life sciences and clean technology companies from 24 countries across Europe, the Middle East and Africa.

According to Deloitte, the Technology Fast 500 EMEA programme recognizes companies that have innovated, overcome obstacles and systematically defied the odds.

Named the UK's Best Hosting Provider for four years consecutively by the ISPA, UKFast has amassed over 3,000 clients including UKTV, Chelsea Football Club and Mulberry.

With a team that now exceeds more than 100 staff, UKFast covers all areas of internet provision, hosting sales and technical support.

"We are really pleased to have been recognised as one of the fastest-growing technology companies," said managing director Lawrence Jones.

"This award has successfully concluded another year of tremendous growth and industry recognition."

A drop in the average five-year revenue growth rate in this year's list - 1,192 per cent compared to 1,470 per cent for the full ranking in 2009 - was put down to "turbulent market conditions".

In the 2010 list, France has the highest concentration of Technology Fast 500 companies with 94, followed by the UK with 86. However, the UK has three of those companies in the top five - Mobile Interactive Group, Display Link UK and Mimecast Limited.

The software sector comprised 40 per cent of the overall list with 202 companies, followed by internet (22 per cent), telecommunications/networking (15 per cent), semiconductors/components/electronics (nine per cent), biotech/pharmaceutical/medical equipment (six per cent), greentech (three pe rcent) and computers/peripherals (three per cent). Media/entertainment made up the remaining two per cent.

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