Multimap features in The Sunday Times Microsoft Tech Track 100 League for the fourth time running, as published on 24th September, 2006. Multimap is one of only three companies to feature in the prestigious ranking for four years in a row. According to the report, with sales growth at 50 percent a year from £3.4m in 2003 to £7.6m in 2005, Multimap continues to count among the UK’s fastest-growing, unquoted technology companies.
The Tech Track 100 league table, sponsored by Microsoft, is produced by Fast Track, the Oxford-based research, publishing and networking events company. Tech Track 100 ranks Britain’s fastest-growing unquoted technology companies based on 2003-2005 sales growth.
Hamish Stevenson, founder and CEO, Fast Track, said, “Ranking in Tech Track for four years on the trot is no mean feat and shows that Multimap is one of the rare technology companies that has serious staying power. More than half the ventures in this year’s league table are new to it, but the key to staying in on the list is the ability to sustain rapid growth. Multimap is a rare breed: an innovative, professional technology company that had maintained high growth, while continuing to be profitable. Congratulations to the whole Multimap team!”
Commenting on the prestigious listing, Sean Phelan, founder and chairman said, “On behalf of the Multimap teams in London, Sydney, Boston and Istanbul, I am proud to accept this highly-coveted award. This is a very exciting time for Multimap as the online mapping and location-based landscape is changing rapidly, with more and more consumers expecting to be able to access high-quality mapping services wherever they are, whether they’re at their PC in their office or at home, or on the move via their mobile. It’s a high-growth sector and, with Multimap’s household brand name, expert and dedicated team, extensive experience, and innovative and flexible services behind us, we have every confidence that the company will continue to go from strength to strength in the future. We are thrilled to have our continued staggering growth to be recognised for the fourth year in a row by the prestigious Tech Track league!”