Fonix, a leading provider of mobile operator billing solutions, has been ranked at number 31 in the Deloitte UK Technology Fast 50 2017, a ranking of the 50 fastest growing technology companies in the UK.
Rankings are based on percentage revenue growth over four years; Fonix grew by 785% percent in this period.
Rob Weisz, the CEO of Fonix, attributes the company’s growth to innovation and a rapidly evolving landscape, which is seeing the embracement of mobile operator billing across wide-ranging sectors.
“Behind our growth is our ability to focus in key sectors extremely well. In recent years, we have established ourselves as the provider of choice in the charity and media sectors and significantly, we have also now entered new markets such as ticketing,” he says. “We’re consistently investing hard in our product set and we have expanded our team to fuel 2018’s rapid growth.
David Cobb, lead partner for the Deloitte UK Technology Fast 50, adds: “The Deloitte UK 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 2017 Deloitte UK Technology 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 four years.”
Cobb continues: “The Deloitte UK Technology Fast 50 awards are an opportunity for businesses to gain recognition for their successes and achievements over the last four years. The 50 fastest growing UK technology companies, as ranked by Deloitte, generated around £1bn in in total annual revenues in the year 2016/17, employing more than 9,000 people, including 1,800 in R&D alone. The Deloitte UK technology Fast 50 recorded an average four-year growth rate of 3,756%.”
“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, recruiting highskilled talent and finding a niche product or service.”
Alongside other high growth technology companies, Fonix is emerging as one of the UK’s key success stories. Fonix has previously ranked 50th in the Deloitte UK Technology Fast 50 2015, and 37th in 2016.