has topped this year’s search for the fastest growing British and Irish technology companies by Deloitte, the professional services firm.
Active Hotels recorded a growth rate of 4289%. The company provides an online reservation service to the UK hotel industry and its global customers are independent and group-based hoteliers, travel agents as well as its network of distribution partners.
Behind Active Hotels were Irish semiconductor company Xsil (3064%), Solihull-based Jumar Solutions Europe (2663%), and telecoms company Network Partners Limited (2543%).
Deloitte created the Technology Fast 50 programme six years ago to champion innovation and business performance in the technology sector. The Fast 50 tracks the growth rates of technology companies in the East, Midlands, South West & Wales, Scotland, the North and Ireland, culminating in the national ranking.
“ActiveHotels has clearly identified the online travel industry as a vital niche market within the rapidly growing internet economy and we commend its continued success and innovation in adverse economic conditions. This year’s finalists have rallied successfully year on year, evidenced by half of this year’s finalists returning as previous winners,” said William Touche, Chairman of Deloitte’s Technology Fast 50 Programme.
“Software companies comprised half of this year’s ranking, although we are seeing a steady increase in telecoms companies year on year,” said William Touche. “We are intrigued to see that companies based in Ireland and the Eastern and Wales and South West regions showed the highest growth rate this year, compared with last year’s strong London & South East performance.”
The complete National 2003 Fast 50 list can be found at www.fast50.co.uk