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11 June, 2018 - 21:16 By Kate Sweeney

Cambridge companies handed Fast 50 challenge

Entries are now open for the 21st annual Deloitte UK Technology Fast 50 awards. The awards rank and recognise the 50 fastest growing technology companies in the UK based on the last four years of revenue growth. 

Cambridge had five companies in last year’s UK Fast 50 – CyanConnode (22nd), Ieso Digital Health (23rd), Kymab (33rd), Featurespace (36th) and Arcus Global (49th).

The average four year growth rate recorded for the Deloitte UK Technology Fast 50 companies was 3,756 per cent in the year 2016/17.

Last year’s Fast 50 companies generated combined revenues of almost £1 billion 2016/2017 and employed more than 9,000 people. The winner Deliveroo achieved a record average four-year revenue growth rate of 107,117 per cent.

Supporting Deloitte’s initiative for the UK’s fastest growing companies are the award sponsors DLA Piper, Oracle NetSuite and Silicon Valley Bank.

Since 1998, the Deloitte UK Technology Fast 50 awards have been showcasing an increasingly diverse and compelling range of UK-based technology companies, celebrating the fast growth and innovation of the startup sector.

Julian Rae, Deloitte Cambridge Technology partner and local lead for the Fast 50 programme commented: “Without question, the UK technology startup scene is in rude health. This year’s awards will seek to capture the landscape during what is such an exciting and dynamic period for the UK technology sector.

“These awards have celebrated one thousand aspirational and influential new companies in the past two decades and a good proportion of these have started in Cambridge. This year we look forward once again to showcasing the breadth of innovative and talented companies who will participate in the 2018 awards, and wish them all good luck in the competition.”

For full details and the entry form visit: www.fast50.co.uk

• PHOTOGRAPH SHOWS: Julian Rae, Deloitte Cambridge Technology partner

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