Outstanding 582 percent growth down to innovation and outstanding service.
Aberdeen, UK, 28th November 2014 – Today, Inoapps announced that it ranked number 292 on the Deloitte Technology Fast 500 EMEA 2014, a ranking of the 500 fastest growing technology companies in EMEA. Rankings are based on percentage revenue growth over five years.
Inoapps grew 582 percent during this period.
Inoapps’ CEO, Andy Bird, credits 582 percent revenue growth over the past five years to innovation and exceptional service. He said, "We are thrilled to be ranked in the Fast 500. To appear in this list as well as the Fast 50 is testament to the success of our ambitious growth plans supported by our team’s innovation and exceptional service delivery.”
“Securing a position in the Deloitte Technology Fast 500 is an impressive feat, especially in the highly competitive and rapidly changing environment of the technology industry,” said David Halstead, Deloitte UK and partner in charge of the Deloitte Technology Fast 500 EMEA programme. "We congratulate Inoapps on being among the most dynamic and successful technology companies in the region."
In addition to ranking in the Deloitte Technology Fast 500, Inoapps ranked 45th in the UK Deloitte Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in the UK.
Deloitte Technology Fast 500 EMEA selection and qualifications
The Technology Fast 500 list is compiled by the Deloitte EMEA Technology Fast 50 programme, nominations submitted directly to the Technology Fast 500, as well as public company database research. To qualify for the Technology Fast 500, entrants must have had base-year operating revenues of at least €50,000 and current-year operating revenues of at least €800,000.
Entrants may be either public or private companies but must be a ‘technology company’, headquartered in EMEA. A ‘technology company’ is defined as a company that develops or owns proprietary technology that contributes to a significant portion of the company's operating revenues, or manufactures a technology-related product, or devotes a high percentage of effort to the research and development of technology. Using other companies' technology in a unique way does not qualify.
Headquartered in Aberdeen, Scotland Inoapps is a global company with operations across Europe, the Middle East, Asia and the Americas.
A leading Oracle Platinum Partner and Oracle Applications, Technology & Hardware specialist, Inoapps delivers the complete Oracle application-to-disk enterprise IT environment through the provision of consulting, and implementation together with hosting and managed services. The company has clients across a broad range of industry sectors including energy, engineering, construction, travel, financial services and manufacturing as well as local and central government.
Inoapps is proud to be recognized by Oracle as Specialized Partner of the Year for Accelerate Solutions: EMEA 2010 & 2012, Oracle General Business Applications Partner of the Year 2009, 2010 & 2011, UK Oracle User Group Database Partner of the Year 2011/12 and the Sunday Times Hiscox Tech Track 100 2014.
Inoapps recently received a £10 million investment of growth capital from BGF (Business Growth Fund), the independent company established to provide growth capital to UK businesses.
About Deloitte Technology Fast 500™ EMEA
The Deloitte Technology Fast 500 EMEA programme is the region’s most objective industry-ranking to focus on the technology field, recognising technology companies that have achieved the fastest rates of revenue growth in Europe, the Middle East, and Africa (EMEA) during the past five years. Combining technological innovation, entrepreneurship and rapid growth, Fast 500 companies – large, small, public and private – span a variety of industry sectors, and are leaders in hardware, software, telecom, semiconductors, internet, media, life sciences and emerging areas, such as clean technology.
The programme is supported by the Deloitte Technology Fast 50 initiatives, which rank high growth technology companies by location or specifically defined geographic area and is run by the Deloitte Touche Tohmatsu Limited’s Technology, Media & Telecommunications (TMT) global industry group. Co-sponsors include Fidelity Growth Partners Europe, a venture and growth capital investor which backs entrepreneurs with aspiration for greatness in the IT and clean technology sectors across Europe, Silicon Valley Bank, the premier bank for technology, life science, private equity and premium wine businesses and Taylor Wessing, a leading International law firm with a focus on the industries of tomorrow. More information on the programme and prior year winners is available on www.deloitte.com/fast500emea.
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 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 further information please contact:
Leigh Richards, The Right Image, email@example.com +44 844 561 7586 / 07758 372527
David Hart, Marketing Manager, Inoapps, firstname.lastname@example.org , +44 870 11 22 000