Five Scottish companies amongst Britain’s fastest-growing tech firms

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Five Scottish companies amongst Britain’s fastest-growing tech firms

 There are five Scottish companies in the 15th annual Sunday Times Hiscox Tech Track 100 league table.

The table ranks Britain’s private technology, media and telecoms companies with the fastest-growing sales over three years.

The five companies headquartered in Scotland (compared to four last year) have made a strong contribution to the economy over the last three years. Together they employ 1,040 people and have achieved combined sales of £213m.

The top-ranked company in Scotland is Fanduel, which is based in Edinburgh and runs online fantasy sports games solely in North America with cash prizes for fans of baseball, basketball, American football and ice hockey.

The company appears on the league table for the first time and has grown sales 261% a year to £34.4m in 2014, which ranks it within the top 3 in Britain.

The other new entrants are IT services provider Agenor Technology, also based in Edinburgh, and EFC Group from Aberdeen, which designs and manufactures monitoring systems and instrumentation for the oil and gas industry.

The Scottish firms appear with companies from around the UK, including fashion retail website farfetch.com and peer-to-peer lending platform Funding Circle. Past league table stars include property website Zoopla, now valued at £1bn, and Just Eat, now worth £2.6bn.

The Tech Track 100 league table and awards programme is sponsored by Hiscox, Barclays, BDO and Business Growth Fund and compiled by Fast Track, the Oxford-based research and networking events firm.

Steve Langan, CEO of Hiscox Insurance Company, the title sponsor of the league table, commented:

“Tech is one of this country’s most exciting sectors right now. It’s a phenomenal success story with impressive growth and innovation that has shown the UK deserves its position as a tech hub. There is much that other sectors could – and should – learn from UK tech, particularly when it comes to staying relevant and being agile. Every single one of this year’s Tech Track 100 businesses has made an important contribution to its sector and the wider economy, and that’s something to be immensely proud of.”

Ordered by location: Scotland’s fastest-growing technology companies 

HQ location 
and county

Rank

[2014 rank]

Company

Activity

Annual sales growth over 3 years

Latest sales, £m

Staff

Latest FYE

Comment

Aberdeen

93

EFC Group

Oil and gas technology developer

43%

*34.1

157

Mar 15

Sells oil and gas instrumentation and drilling equipment to customers globally

Edinburgh

In top 3

FanDuel

Fantasy sports game developer

262%

*34.4

109

Dec 14

Has over 1m active paid users in North America

Edinburgh

39

Agenor Technology

IT services provider

75%

*9.4

25

Dec 14

Is working with the Royal Bank of Scotland to upgrade its IT infrastructure

Edinburgh

51

[23]

Skyscanner

Travel search engine

62%

92.9

583

Dec 14

Has established Skyscanner for Business, providing data-led tools to the travel industry

Glasgow

49

[15]

ECS

IT consultancy

65%

*42.1

167

Dec 14

Has offices across the UK, South Africa and India

 

 

* Supplied by company            ‡ FYE (financial year end) of latest available accounts

By |2015-09-03T18:52:52+00:00September 3rd, 2015|Aberdeen, Business News, Lothian, National Story, Strathclyde, Uncategorised|Comments Off on Five Scottish companies amongst Britain’s fastest-growing tech firms

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