The results of this year’s search for the region’s fastest growing technology companies by Deloitte & Touche, the UK’s fastest growing professional services firm, were announced at an awards ceremony held at the London Metropole Hotel on Tuesday 20 November 2001.
In sixth position, with a growth rate of 1,118%, is Kingston-based Nettec. Nettec is a leading digital solutions provider empowering organisations to realise the enormous potential of interactive digital channels. It specialises in the seamless integration of business and digital technology. Nettec was the first company of its kind to float on the London Stock Exchange in April 2000 and has been described as an e-pioneer. Nettec holds several software patents and its Chief Technology Officer Jon Bradshaw advises the UK governments e-envoy Andrew Pinder.
Deloitte & Touche created the Technology Fast 50 to reach out to UK technology companies and champion innovation in the sector. The programme tracks the growth rates of technology companies in seven regions in the UK and Ireland, culminating in a national ranking in May 2001. This year’s event is also co-sponsored by techMARK, the London Stock Exchange market for innovative technology companies, Investec Henderson Crosthwaite and Travers Smith Braithwaite.
Thomas Nikolopulos UK MD at Nettec commented "Nettec is delighted to have taken 6th place in the Fast 50 awards and be recognised for the rapid growth we experienced over the past three years. As a relatively young company providing leading edge solutions for our clients we are now entering our next level of development. As the digital solutions marketplace matures the challenge is one of profitability and robustness and we are well placed to deliver against these.”
Tim Ward, Head of Issuer Services, London Stock Exchange, said: "The Exchange launched techMARK and, just recently, to help fast growing and innovative technology companies benchmark themselves against their peers and gain recognition from technology investors. Deloitte & Touche's Fast 50 programme further enhances the visibility and profile of these companies and we are pleased to be supporting this celebration of success.”
“We are hopeful that the Chancellor’s upcoming budget will extend the research and development credit he afforded the technology sector last year. There is also a greater need for share scheme reform and measures to resolve anomalies on VAT,” William Touche commented.
About the Deloitte & Touche Technology Fast 50 Programme
The programme consists of a series of regional programmes covering the East, London & South East, Midlands, South West & South Wales, the North and Scotland and Ireland. Each region will host an awards ceremony to honour the 50 fastest growing technology companies in that area. Following the regional programmes, Deloitte & Touche will publish a national ranking of the UK’s Technology Fast 50 companies. A report on the award winners, with analysis of the critical factors for success in this industry, will be launched at a national press event to be held in London in April 2002.
The London & South East region covers the following areas:
The ceremony for the London & South East region will be held on Tuesday 20th November 2001 at the Hilton Metropol Hotel, London.
Criteria for Entry
The criteria for entry is based on financial performance and revenue growth and companies will be ranked on percentage growth in turnover over three years from 1998-2000.
The programme is open to UK technology companies defined as:
· In business for a minimum of three years
· Develops proprietary technology that contributes to a significant proportion of operating revenues
· Manufactures a technology-related product
· Technology intensive or uses unique technology in problem solving
· Devotes a high percentage of effort to research and development
· Companies must be UK-owned and headquartered in London & the South East (subsidiaries do not qualify)
Notes to Editors
The Technology Fast 50 programme was originally started in San Jose, the centre of Silicon Valley, California in 1995 and has expanded across the globe in the last six years. Both the regional Technology Fast 50 and the national Technology Fast 500 were created to recognise the outstanding contribution of fast growing technology companies to the US economy.
Deloitte & Touche’s Telecoms Media & Technology group (TMT) brings global industry expertise and experience to its clients through local specialist teams who understand the business issues facing today’s organisations.
Deloitte’s TMT service professionals provide clients with global integrated services and are drawn from a variety of disciplines including: Tax, Audit & Advisory, e-Business, Human Capital Advisory Services, Corporate Finance, Strategic Advisory, Enterprise Risk Services, Management Solutions and Consulting. These distinct offerings are tailored especially for telecoms, media, and technology companies including software, hardware, Internet and e-commerce, semiconductor, biotechnology, communications equipment and services, broadcasting and publishing companies.
For more information contact:
Deloitte & Touche
Tel: 0207 303 3861
Fax: 0207 936 2346
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Notes to editors
Nettec plc - www.nettec.net (NTC: LSE) - has been helping FTSE companies gain a competitive advantage through digital technologies since 1995. Nettec offers customers tailored, cross-platform solutions, balancing a mix of web, iDTV and mobile systems, whilst producing significant benefits on behalf of its clients. Listed on the London Stock Exchange, Nettec has more than 180 employees and has offices in London and Paris. Clients include BT, First Choice, Capita, AXA Investment Managers, Unilever and LeggMason Investors.
For further press information, or to arrange an interview please contact:
Sharon McKay PR Manager
Tel: 020 8255 4004
Mobile: 07748 156 921