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tech growth business of the year award
sponsored by ECI Partners
During recent years, tech, as a sector, has rocketed in growth and can lay claim to containing more unicorns than your average five-year-old child’s party. There are some phenomenal growth stories out there, many of which began from humble beginnings, making these business both inspirational and accessible.
With so many tech giants out there, our shortlisted companies have done exceptionally well to stand out from the pack. As a reminder, the Voting Panel were looking for a winner that had demonstrable organic compound annual revenue growth greater than 10% over the last three years and also to be profitable with a minimum revenue of £5m for the last accounting period.
Those that made the grade were;
The Access Group has delivered strong above-market organic and inorganic growth for several years, driven by an exceptional sales and marketing engine with industry-leading sales KPIs. The group boasts a well-diversified and sticky customer base, with limited churn despite Covid-19. Its recent acquisitions of Eclipse and DPS Software, have provided Access with a new legal vertical and enables the group to become one of the leading providers of legal technology in the UK.
Boku has established itself as the leading Direct Carrier Billing company in the world, having grown from a £24m turnover business three years ago to a £50m business currently. The group processes transactions at a run rate of $7bn annually and has an enviable client list that includes Apple, Google, Sony, Microsoft, Spotify, and Netflix. It made the significant purchase of Fortumo Holdings Inc. in June this year, bringing together the two most profitable platforms in the DCB market and cementing Boku’s position as a leader of the pack.
GB Group (GBG) has experienced phenomenal growth this past year and has become the epitome of an innovative British business at the top of its game. As a result of the group’s growth strategy and continued investment in talent and technology, GBG is growing at a significantly quicker pace than the industry and its closest competitors. The group’s above-average sustained growth has been driven by investing in R&D, expanding into key markets and collaborating with regulators.
Last year’s winner of the coveted tech company of the year award, Transferwise continues to enjoy consistently strong growth. During the period under review, the group grew revenue to over £180m, entirely organically.. Transferwise is a poster child for the UK tech sector, demonstrating its proven business model as it exits the scale-up/VC-supported stage of its life cycle.