LONDON, November 13, 2013 /PRNewswire/ --
HighQ attributes its 570 per cent Revenue Growth to constant innovation based on client feedback
HighQ today announced that it ranked Number 42 in the 2013 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. HighQ grew 570 per cent during this period, and this award recognises the company's technology innovation and the increasing market adoption of its cloud collaboration platform. HighQ provides secure file sharing, enterprise social collaboration, digital marketing, publishing and transaction management software in the cloud. The company also ranked as Number 15 in the Software sector, and Number 17 in the London region.
HighQ's CEO, Ajay Patel, credits a great team and constant innovation with the company's 570 per cent revenue growth over the past five years. He said, "We're honoured to be recognised by Deloitte as one of the UK's fastest growing technology companies. The award attests to the hard work and innovation that we have delivered to our clients over the years and we're proud to appear alongside those leading the way in the technology industry."
"The credit for this award lies firmly with the amazing people that work at HighQ and to our ever loyal client base. Our clients include 18 of the top 20 UK law firms and 35 of the top 100 global firms, and our products are used by more than 25,000 organisations around the world. Looking forward, we have some exciting challenges and opportunities on the horizon as we continue our international expansion and also start to target new industry verticals."
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 2013 Deloitte Fast 50 shows that tremendous growth rates are still possible, with software sectors showing particular strength, they have had the greatest amount of entries in the past five years."
"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."
"The awards are an opportunity for businesses to gain recognition for their successes and achievements. This year's ranking highlights the importance of being innovative and finding a niche product or service, to beat the recession."
Notes to editors
* Growth rates are all over the last five years.
The full list of this year's winners and winner breakdown by region and sector is available at
HighQ is a leading provider of secure enterprise collaboration, publishing and document exchange software. We provide innovative solutions to some of the world's leading law firms, investment banks and corporations. We uniquely combine secure, enterprise-grade technology with the best ideas and user experience from consumer tools to enable you to securely exchange critical business information and collaborate with colleagues, customers and partners in one unified space.
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 http://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 http://www.deloitte.co.uk.
Member of Deloitte Touche Tohmatsu Limited
Deloitte UK Technology Fast 50
The Deloitte Technology Fast 50 is one of the UK's foremost technology award programmes. Now going into its 16th successful year, it is a ranking of the country's 50 fastest-growing technology companies, based on revenue growth over the last five years. The UK Fast 50 awards are all about growth driven by leading intellectual property and are a celebration of innovation and entrepreneurship. The UK Fast 50 is part of an international programme run by Deloitte, qualifying entrants of the UK Fast 50 will be put forward to the Deloitte Technology Fast 500 EMEA (Europe, Middle East and Africa) programme. Previous winners have come from across the UK, are both large and small, and included some of the most dynamic players in all areas of technology, from Internet specialists to biotech, digital media technology to life sciences, computers to semiconductors and software to telecommunications.
For more information visit http://www.fast50.co.uk
UK Technology Fast 50 eligibility 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:
o Developing or owning proprietary technology that contributes to a significant portion of the company's operating revenues;
o Producing technology
o Manufacturing technology-related products
o Be technology intensive, or use unique technology to solve problems
o Devoting a high percentage of effort to technology R&D;
o NB: Using another company's technology or intellectual property in a unique way does not qualify.
3. The parent company must be UK-owned and have its headquarters in the UK;
o NB: Subsidiaries of UK or multinational organisations do not qualify.
4. Operating revenues must be at least £42,000 (50,000 Euros) for the first financial year of the five year period and £657,000 (800,000 Euros) for the most recent financial year;
o NB: The accounts for year five should have an accounting period ending between 1 June 2012 and 31 May 2013.
5. 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 must 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 2007/08 operating revenues of at least £36,000. 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 the sponsors
Ciklum is a leading supplier of technical personnel and teams, software development and agile business consulting to high growth companies globally. We currently employ more than 2500 specialists in our offices and technical development centers in Ukraine and Belarus.
About Fidelity Growth Partners Europe
Fidelity Growth Partners Europe is a venture and growth capital investor that backs technology entrepreneurs with aspiration to greatness. By combining a collaborative approach with a global network and a 40-year history of venture investing, FGPE helps companies accelerate their growth and become true leaders in their field. A strong track record in Europe includes investments in market leaders such as Curam (IBM), Newbay (RIM), Seatwave, InnoGames, Wahanda, Notonthehighstreet and Rivo Software. FGPE is investing a £100 million fund dedicated to backing fast-growing European technology companies. http://www.fidelitygrowthpartners.eu
About Silicon Valley Bank
Silicon Valley Bank is the premier bank for technology, life science, cleantech, venture capital, private equity and premium wine businesses. Silicon Valley Bank and its affiliates within SVB Financial Group provides industry knowledge and connections, financing, treasury management, corporate investment and international banking services to its clients worldwide through 27 US offices and seven international operations in China, India, Israel and the UK. (SIVB)
About Taylor Wessing LLP
Taylor Wessing is proud to sponsor the UK Fast 50 for the third consecutive year as it reflects our position as the leading law firm for the technology growth sector.
Taylor Wessing is an international law firm with a leading Technology practice. What makes us different is our significant SME/entrepreneur/growth technology focus, as well as our forward thinking approach to serving clients. We think creatively about business issues and are constantly looking for new and better ways to add value with truly innovative solutions that help to grow our clients' businesses. Taylor Wessing has worked with tech start-ups and more established tech companies, both from the UK and abroad, for many years. We understand the needs and requirements of companies operating in all technology related sectors, and work with clients to add real value to their business decisions and growth.
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