Deloitte recently announced the winners of the 2019 UK Technology Fast 50 awards. The awards recognise and rank the 50 fastest-growing technology companies in the UK, based on the last four years of revenue data.
The 2019 cohort of winners represent companies at the forefront of the sector, with more than 8,700 employees across the 50 companies, an impressive average growth rate of 3,878% and total revenues in 2019 of over £650m.
Newcastle-based SoPost ranks at number 37 on the list with a 900 per cent revenue growth over the past four years. SoPost, which helps some of the worlds biggest brands run effective product sampling campaigns, appears in the ranking for the second consecutive year. Founded by Jonathan Grubin in 2012, it not only allows the likes of Mondelez, L’Oreal, Estee Lauder and Coty to get trial products in the right consumers hands, it also harnesses data to help brands measure the precise impact of each campaign.
Over the past year, the Newcastle-based business has almost doubled the size of its team to 34 people. It has also expanded its presence in the US, and a seven-strong team now operates from its New York office.
SoPosts founder, Jonathan Grubin, said: Were over the moon to have been ranked as the North Easts fastest growing tech company for the second year running. Our business has been going from strength to strength and recognition like this really prompts us to take a step back and reflect on all the successes weve experienced over the past year. Being in Newcastle gives us a real competitive edge, and my hope is that we see many more North East companies ranked in the years to come.
Stephen Hall, Office Senior Partner at Deloitte in the North East, said: The Deloitte UK Technology Fast 50 is internationally recognised as one of the most important business awards in the industry.
The 2019 Deloitte UK Technology Fast 50 highlights the success being achieved within the sector today, with Fintech businesses showing significant growth in particular.
The Deloitte UK Technology Fast 50 awards are an opportunity for businesses to gain recognition for their innovation and achievements over the last four years and its fantastic to see Newcastle-based SoPost ranked.
The 50 fastest growing UK technology companies, as ranked by Deloitte, generated around £650m in total annual revenues in the year 2018/19 and employed more than 8,700 people. The Deloitte UK technology Fast 50 recorded an average three-year growth rate of 3,878 per cent.
