Dynamic duo in top 30 fastest-growing IT firmsBy Paul Robins
October 06, 2008
Two Reading IT firms have been named among the top 30 fastest-growing technology companies in Britain, in a Sunday Times survey.
The newspaper’s Tech Track 100 Awards were announced last week and software firm Distribution Technology and IT consultancy Bluefish received top grading in the region.
The prestigious index of top-performing businesses is based on annual growth rate and year-on-year increases in sales.
Distribution Technology climbed 14 places to 24th position after tripling its staff since 2005 and increasing turnover by 95 per cent.
The financial software provider, based at Sovereign House in Vastern Road, has expanded rapidly over the past five years and now counts 25 banks, life companies and wealth managers among its growing portfolio.
Chief executive Ben Goss, who was recently honoured at Ernst & Young’s Entrepreneur Of The Year Awards, said: “It is a real achievement that for the second year in a row we have maintained our excellent double digit growth and been included in the Tech Track 100 league table.
“I am delighted that the efforts of our team and support of our clients has been recognised. We are now in a very strong position to continue the development and growth of our business into the future.”
IT professional services firm Bluefish also proved it is on the right track after being placed at number 22 in the top 100.
Since its foundation in 2004, the company has increased its turnover five-fold to a healthy £4.1 million.
But 2008 represents its best year to date, with sales up more than 60 per cent and new customer acquisitions at record levels with recent wins including Barclays, BT and the RNLI.
These results mean the business, based at Thames Valley Park in Earley, is now growing faster than any other technology firm in the town, including household names such as Microsoft and Cisco.
Chief executive Phil Howarth puts the company’s success down to being able to deliver the right solution to meet specific client requirements.
“Bluefish has 35 full-time staff but is able to call on more than 120 associates from every IT background as and when our customers need them,” he said.
“The business is going from strength to strength and our policy of re-investing profits back into the business is paying dividends.
“We are closing business at a faster rate than ever before, which should continue our rise up the Sunday Times Tech Track rankings in 2009.”
Mr Howarth said he was looking forward to expanding the business further in the next year by opening offices in Australia to serve the Asia Pacific market.