Call for entries from tech businesses in Wales for the 2017 Deloitte UK Technology Fast 50 awards
- Awards recognise and rank the 50 fastest growing technology companies in the UK
- The average four year growth rate recorded for the Deloitte UK Technology Fast 50 companies was 1,240% in the year 2015/16;
- 17 previous winners were tech businesses from Wales
Deloitte, the business advisory firm, has announced that entries are now open for the 2017 Deloitte UK Technology Fast 50 awards and is looking for entries from tech businesses from Wales.
The awards rank and recognise the 50 fastest growing technology companies in the UK, based on the last four years of revenue growth. Supporting Deloitte’s initiative for the UK’s fastest growing companies are the award sponsors Oracle NetSuite and Silicon Valley Bank.
Now in their twentieth year, the awards showcase the UK’s dynamic technology ecosystem and some of the most exciting high-tech companies out there.
In 2016, Deloitte’s 50 fastest growing technology companies in the UK generated £884 million in total annual revenues, employed more than 7,100 people and recorded an average four-year growth rate of 1,240% in the 2015/16 financial year.
Tech companies in Wales have won in these awards 17 times since the programme was first launched in 1998 and have twice ranked within the top 20. In the 2016 awards, Cwmbran headquartered SIPHON Networks was ranked in 24th place with its four-year growth rate of 723%. Established in 2009, the company supports service providers and resellers launching innovative cloud telephony services to create integrated, centralised platforms.
Winners come from all areas of technology, from internet specialists and digital media, to hardware, software and telecoms. But as technology is evolving, so are the sectors of the UK fastest growing tech businesses, with 22% of 2016 award winners classifying themselves as FinTech.
The ever-expanding list of tech subsectors such as AdTech, AgriTech, BioTech, CleanTech, EdTech, FoodTech, FashionTech, HealthTech, InsurTech, PropTech, RetailTech, and TravelTech means the awards are open to all tech businesses that deliver innovative products and services to their customers in all industries - so long as the business has its own tech IP.
Laurence Hedditch, lead partner in Wales for technology, media and telecommunications, comments: “Wales has some great start-up businesses and I’d like to see digital and tech companies from all over Wales enter the awards. For the last two decades the UK Technology Fast 50 Awards have celebrated the UK’s most aspirational companies from across the technology landscape. This programme is a perfect crystal ball that offers a glimpse into what the future tech scene will look like in the UK and is a great way to recognise and celebrate the dynamic tech businesses we have in Wales.
“I would encourage Wales’s technology start-ups to apply for what is an excellent opportunity for businesses to showcase their achievements.”
Nominations close at midnight on Friday 8 September and winners will be announced at the awards ceremony on Thursday 16 November in London.
For full details and the entry form please visit: www.fast50.co.uk.