News
iMeta receives top ranking hat-rick with Deloitte Fast 50
South Coast based software specialist, iMeta today announced that it ranked Number
38 in the 2008 Deloitte Technology Fast 50 - a ranking of the 50 fastest growing
technology companies in the UK. Rankings are based on average percentage revenue
growth over five years. iMeta grew 734% during this period, making it the fastest
growing software company in the South East.
The Deloitte ranking follows a succession of high profile business accolades received
by iMeta within the last twelve months. They include being placed at position 46,
and ranked ‘outstanding’ in The Sunday Times 100 Best Small Companies to Work for
in 2008 listing, and in jumping 42 places, to position 49, in the 2008 Sunday Times
Microsoft Tech Track 100 league table.
Ben Marsh, Managing Director at iMeta Technologies Ltd commented, "We’re absolutely delighted to be acknowledged as the fastest growing software developer in the South East. The Deloitte ranking comes at the end of a very successful year at iMeta; by focusing on the development of our team, and on providing a flexible service that gives clients exactly what they need, we’ve been acknowledged for not only growth, but also for our workplace."
"Growing the top line enough to make the Deloitte Technology Fast 50 is especially
meaningful during tough economic times for the technology sector," comments
David Halstead, lead partner for the Deloitte Fast 50. "The 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 (IP)."
Fast 50 Selection and Qualifications
The Fast 50 list is compiled from Deloitte’s nominations submitted directly to the Fast 50, and public company database research. To qualify for the Fast 50, entrants must have had 2003 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.
About Deloitte
In this press release references to Deloitte are references to Deloitte & Touche
LLP, which is among the country's leading professional services firms. Deloitte
& Touche LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu ("DTT"),
a Swiss Verein whose member firms are separate and independent legal entities. Neither
DTT nor any of its member firms has any liability for each other's acts or omissions.
Services are provided by member firms or their subsidiaries and not by DTT. Deloitte
& Touche LLP is authorised and regulated by the Financial Services Authority.
Deloitte Technology, Media & Telecommunications (TMT) Group
The TMT Group is composed of service professionals who have a wealth of experience
serving technology, media and telecommunications companies throughout the UK in
areas including cable, communications providers, computers and peripherals, entertainment,
media and publishing, networking, semiconductors, software, wireless, and related
industries. These specialists understand the challenges that these companies face
throughout all stages of their business growth cycle and are committed to helping
them succeed. Deloitte is a leader in providing strategic, financial and operational
assistance to its technology, media and telecommunications clients.