IT Host Recognised As One Of The Fastest Growing Technology Companies In The UK
Guildford, United Kingdom - 24 October 2008 - Memset, the award-winning dedicated IT hosting company, has made the list of Deloitte's prestigious Technology Fast 50.
Memset ranked 32nd on the list with a five-year growth rate of 823%. Ranking are based on the percentage revenue growth from 2003-2007.
"We are excited about our ranking in the Deloitte Fast 50 list. Our continuous growth over the last five years clearly demonstrates that a social conscience in business pays off as well as keeping moving quickly to exploit changing market conditions," said Kate Craig-Wood, MD of Memset.
David Halstead, Partner TMT practice and Fast 50 Chairman, Deloitte said: "The 2008 Deloitte Fast 50 provides a fascinating view of the evolving structure of the UK's tech sector, with software and internet businesses making up the bulk of the fastest growing companies. While their products and services are at the extreme cutting edge of global technology, it is important to note that it is not just technology that makes these companies leaders in their sectors - it is about the quality of the people and their Intellectual Property that makes these businesses the success stories they are."
The Deloitte Technology Fast 50, one of the UK's foremost technology award programmes, is a ranking of the country's fastest-growing technology companies based on percentage growth over five years. Now in its eleventh year, the programme honours business growth, technological innovation and UK entrepreneurial spirit.
To qualify for the Deloitte Technology Fast 50 award, companies must have met stringent criteria: to have been in business for over five years, be UK-owned, to have operating revenues of at least £34,000, to own proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or to devote a significant proportion of revenues to the research and development of technology.