Networking solutions company In Touch Networks is the fastest growing technology business in the North West for the third consecutive year, according to Deloitte’s 2018 UK Technology Fast 50 awards.
The awards, now in their twenty-first year, recognise and rank the 50 fastest growing technology companies in the UK, based on the last four years of revenue growth.
Manchester-headquartered In Touch Networks, which utilises state of the art technology to boost the recruitment process for the hiring of non-executive directors, consultants and finance directors, experienced 1,524% growth over the last four years, placing it 19th in the overall rankings for the Fast 50.
Other North West businesses featured on the ranking included software provider Fruugo, which placed 29th in the ranking with a growth rate of 1014%, and The Lead Agency, a media and entertainment service which ranked 39th, achieving a growth rate of 662%. Both companies were new entrants to the Fast 50 list.
Matthew Roberts, CEO of In Touch Networks, said: “We’re delighted to be flying the flag for rapid growth in the North West technology sector for the third consecutive year. The significant growth we have seen over the last four years has been phenomenal, and has allowed us to further extend the services and products for our members.
“Our continued success and commitment to innovation has allowed us to both disrupt the industry and carry out valuable work socially. I am proud of the team at In Touch, and we strive to continue our fantastic growth as we head towards 2019.”
Claire Jolly, head of TMT at Deloitte in the North West said: “The North West has again cemented itself as a key player in the UK technology scene. With some fresh regional faces on this year’s list, and In Touch again placing within the top 20, there’s no doubt that the region’s technology industry is only growing stronger.
“In Touch Networks has seen phenomenal growth over the last few years, boasting a run-rate of £14m, up from a turnover of £5m just last year. Having launched its first network just 4 years ago, and already moving onto larger premises, In Touch Networks has firmly established itself as a disruptive force in the North West. I look forward to seeing how all the recognised businesses continue to evolve in 2019 and beyond.”
Overall, the 50 fastest growing technology companies in the UK generated c£1.2bn in total annual revenues in the year 2017/18.