2011 Deloitte Technology Fast 50 Announced
For Immediate Release
PR Contact: Justin Batell - justin [at] Isomob [dot] com.
Isomob Ranked Number 33rd Fastest Growing Technology Company in the UK in the 2011 Deloitte Technology Fast 50
Isomob attributes its 873 Percent Revenue Growth to the experience and attention to detail of their team.
Isomob today announced that it ranked Number 33 in the 2011 Deloitte Technology Fast 50, a ranking of the 50 fastest-growing technology companies in the UK. Rankings are based on percentage revenue growth over five years. Isomob grew 873 percent during this period.
Isomob's Managing Director, Justin Battell, credits the outstanding efforts of the quality of their team of people and the attention to detail in execution of every challenge with the company's 873% revenue growth over the past five years. He said, "Our consistent growth every year is something we are very proud of. To have that growth recognised as noteworthy by Deloitte demonstrates the effectiveness our strategy and is a great achievement for everyone involved."
David Halstead, Partner leading the Deloitte Technology Fast 50, said: "The Deloitte Technology Fast 50 gives great profile to technology companies and is internationally recognised as being one of the most important business awards in the sector.
"The 2011 Deloitte Fast 50 shows that tremendous growth rates are still possible, with internet and software sectors showing particular strength and making up over half (56%) of the companies in the Fast 50 ranking.
"The Technology Fast 50 awards are an opportunity for businesses to gain recognition for their successes and achievements over the last five years. This year's ranking highlights the importance of finding a niche product or service to beat the recession."
Notes to editors
Growth rates are all over the last five years
Commentary, analysis and case studies (including regional) will be available at www.fast50.co.uk
About Deloitte:
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.
Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited ("DTTL"), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.
The information contained in this press release is correct at the time of going to press. For more information, please visit www.deloitte.co.uk.
Member of Deloitte Touche Tohmatsu Limited
UK Technology Fast 50 entry criteria
- The company must have been in business for a minimum of five years;
- The company must be considered a technology company, which is defined as:
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- producing technology
- manufacturing technology-related products
- be technology intensive, or use unique technology to solve problems
- devoting a high percentage of effort to technology R&D;
- The parent company must be UK-owned and have its headquarters in the UK (subsidiaries of UK or multinational organisations do not qualify);
- Operating revenues must be at least £34,000 (50,000 Euros) for the first financial year of the five year period and £540,000 (800,000 Euros) for most recent financial year;
- All submissions must be accompanied by signed accounts for the first and last financial year being measured in the competition. Unless a statutory exemption is being taken, these accounts should be unabbreviated and audited.
Technology fast 50 selection and qualifications
The Technology Fast 50 list is compiled from Deloitte's nominations submitted directly to the Technology Fast 50, and public company database research. To qualify for the Technology Fast 50, entrants must have had 2006 operating revenues of at least £34,000. Deloitte researchers examined financial statements to validate operating revenues.
Entrants must also be public or private companies headquartered in a participating region of the UK and must be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.
Isomob is a privately owned, entirely self funded mobile technology company based in Epsom, Surrey. Founded in 2005 they specialise in mobile web sites and services, along with text messaging applications. Isomob owns and operates flirtfinder.mobi, one of the largest mobile dating sites in the UK.
