Mobile Interactive has come out trumps in Deloitte’s 2010 Technology Fast 50 awards.
The mobile marketing and e-commerce company trumped last year’s winner in the independent ranking of the UK’s fastest growing technology outfits, with a growth of 26,885 per cent, an increase of 8,659 per cent compared to last year’s winner, Distribution Technology.
Mobile Interactive, which was founded in 2004 and has since acquired a mobile CRM software business, as well as launching two subsidiary businesses, was synonymous of the huge growth of the mobile technology sector in this year’s rankings.
David Halstead, partner leading the Deloitte Technology Fast 50, said: “In spite of the challenging financial market conditions, the 2010 Deloitte Fast 50 shows that tremendous growth rates are still possible, with the mobile technology and software sectors showing particular strength.”
When it came to software, 13 stood out. LoveFilm took 18th place, while Mimecast, a unified email management company came in at 3rd place. Innovise and Helveta Ltd came in at 10th and 11th place 2,124 percent and 2,049 percent increase respectively.
There are signs of life in the UK’s semiconductor industry, too. DisplayLink (UK) Ltd came in second on the list with 9,041 percent growth from last year, while Ubisense came in at 14th place with 1,730 percent growth.
Only one green tech company – Bglobal, with a 4,447 percent increase – made it onto the list.
Regionally the rankings highlighted the London and the South East’s dominance, with five of the top ten from the area. London companies make up 40 percent of the ranking.
Scotland had only two percent of companies in this year’s Fast 50. It’s been a tough year for Scottish start-ups. Bloxx CEO’s Eamonn Doyle, who made the list, believes: “Many tech start-ups in Scotland have faltered during the tough economy because they didn’t have enough capital behind them.”
Cambridge has been faring well. Semiconductor outfit DisplayLink is from the area and it made second place with 82,372 growth. Overall companies based in Cambridge made up 14 percent of the ranking.