nFlow, a leading supplier of digital dictation solutions today announced that it ranked 23rd in the 2007 Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in the UK. Rankings are based on growth over five years. Furthermore the achievement sees nFlow positioned as the fastest growing software company in the South East Region (excluding London) and the 4th fastest growing software company in the UK as a whole.
"Growing the top line enough to make the Deloitte Technology Fast 50 is especially meaningful during competitive times for the technology sector," said Simon Kerton-Johnson, Chairman of Deloitte’s UK & Ireland Fast 50. "We congratulate nFlow on becoming one of the 50 fastest growing technology companies in the South East Region."
Jim Park, nFlow Finance & HR Director commented on the award.” We are understandably delighted with this achievement. The technology market is a crowded competitive market so to be identified as a company to watch is a huge accolade to the quality of software and service nFlow delivers.” Park added, “the digital dictation market is a relatively saturated market and by being placed 4th fastest growing software company in the UK nFlow are clearly achieving a growing level of dominance amongst the leading suppliers in the digital dictation arena.”
“Making the Deloitte Technology Fast 50 is a testament to a company’s commitment to technology,” said Deloitte Technology partner for the South East Region. “With its 1597% growth rate over five years, nFlow has proven that its leadership has the vision and determination to grow in competitive conditions.” Stated Jacque Hawk, Partner South East Region.
“With the launch of nFlow digital dictation Version 5 and the nFlow Mobility Suite we are looking forward to seeing continued growth of the next 12 months. With a rapidly expanding customer base and a new European operation, nFlow are committed to the development of technologically advanced software delivered by a customer focused service and support team” Continued Park.
Fast 50 Selection and Qualifications
The Fast 50 list is compiled from Deloitte’s nominations submitted directly to the Fast 50, and public company database research. To qualify for the Fast 50, entrants must have had 2002 operating revenues of at least £34,000. Deloitte researchers examined financial statements to validate operating revenues.
Entrants must also be public or private companies headquartered in a participating region of the UK and must be a “technology company,” defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.
About Deloitte
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