LONDON, November 21, 2014 /PRNewswire/ --
TestPlant attributes 1010% per cent revenue growth to innovation, strength of product offering and team
TestPlant, the maker of the eggPlant range of software quality tools, today announced that it ranked number 23 in the 2014 Deloitte Technology Fast 50, a ranking of the 50 fastest-growing technology companies in the UK. Rankings are based on percentage revenue growth over the last five years. TestPlant's revenues grew 1010 per cent during this period.
"We are delighted to feature as the 23rd fastest growing technology company on this year's Deloitte Technology Fast 50, which is a testament to the widespread adoption of TestPlant's software quality products in our target markets across the world," said George Mackintosh, CEO, TestPlant. "This award recognizes our commitment to ongoing innovation through the development of new products, the hard work and quality of our team, and the fantastic relationships that we have with our partners and customers."
David Halstead, Partner leading the Deloitte Technology Fast 50, said: "The Deloitte Technology Fast 50 gives great profile to technology companies and is internationally recognised as being one of the most important business awards in the sector."
"The 2014 Deloitte Fast 50 shows that tremendous growth rates are still possible, with software sectors showing particular strength, they have had the greatest amount of entries in the past five years."
"The Technology Fast 50 awards are an opportunity for businesses to gain recognition for their successes and achievements over the last five years."
"The 50 fastest growing UK technology companies generated over £963 million in total annual revenues in the year 2013/14, employing more than 8,500 people and recorded an average five-year growth rate of 1,695 per cent, according to the Deloitte UK Technology Fast 50."
"The awards are an opportunity for businesses to gain recognition for their successes and achievements. This year's ranking highlights the importance of being innovative and finding a niche product or service, to beat the recession."
"Achieving sustained revenue growth of 1010% over five years is a tremendous accomplishment," said Kirsty Newman, Deloitte Technology partner for London. "TestPlant's exceptional growth puts it in select company."
Notes to editors
* Growth rates are all over the last five years.
The full list of this year's winners and winner breakdown by region and sector is available at http://www.fast50.co.uk
TestPlant is an international software business based in London. It has development centers in the USA and the UK with sales and support centers in the USA, the UK and Asia as well as an extensive network of business partners. TestPlant's products are used in over 30 countries by well over 300 enterprise customers in sectors which include Financial Services, Automotive, Healthcare and Life Sciences, Media and Entertainment, Retail and Defense and Aerospace. The eggPlant range is a set of software quality tools which supports the design, development, test and management of software applications for mainframe, desktop and mobile use in any technology platform environment. The tools are relevant in agile, mobile, web and DevOps deployments. eggPlant use improves and reports on the quality and responsiveness of software systems, reduces time to market and lowers costs by introducing process automation. eggPlant tools have been granted patents with several applications pending. The company's achievements have been recognised within the software industry and by the venture capital community. TestPlant is also a Red Herring Global Top 100 company and was awarded a Queen's Award for Enterprise in 2013. http://www.testplant.com
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.
Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited ("DTTL"), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see http://www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.
The information contained in this press release is correct at the time of going to press.
For more information, please visit http://www.deloitte.co.uk.
Member of Deloitte Touche Tohmatsu Limited
Deloitte UK Technology Fast 50
The Deloitte Technology Fast 50 is one of the UK's foremost technology award programmes. Now going into its 17th successful year, it is a ranking of the country's 50 fastest-growing technology companies, based on revenue growth over the last five years. The UK Fast 50 awards are all about growth driven by leading intellectual property and are a celebration of innovation and entrepreneurship. The UK Fast 50 is part of an international programme run by Deloitte, qualifying entrants of the UK Fast 50 will be put forward to the Deloitte Technology Fast 500 EMEA (Europe, Middle East and Africa) programme. Previous winners have come from across the UK, are both large and small, and included some of the most dynamic players in all areas of technology, from Internet specialists to biotech, digital media technology to life sciences, computers to semiconductors and software to telecommunications.
For more information visit http://www.fast50.co.uk
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