Made in Edinburgh
Made in Edinburgh is a quarterly feature, highlighting local,
innovative, high-growth, headline making companies developing
revolutionary, ground breaking research which is recognised an a
global platform.
In October, four Edinburgh businesses were listed among the 50
fastest-growing technology companies in the UK: Cupid, Skyscanner,
DEM Solutions and Reactec. The world-renowned UK Deloitte
Technology Fast 50 ranks high-growth technology companies based on
percentage growth in stated revenue over five years. The programme
considers companies in all areas of technology.
Mike McGregor, from Deloitte, said: “The 2011 Deloitte Fast 50
shows that tremendous growth rates are still possible, with
internet and software sectors showing particular strength and
making up over half (56%) of the companies in the ranking.”
Cupid plc was highest placed, at 19th overall with travel search
site Skyscanner 27th; software company DEM Solutions 35th and
semiconductor, components and electronics firm Reactec Ltd entering
at 48.
Skyscanner offers a flight search engine that compares flights
and prices from all major airlines and online travel agents. The
company continued its international expansion in 2011, with the
launch of new internet domains and sub domains for six territories
across Asia and Europe. Gareth Williams, CEO, commented: “With more
than 60% of our traffic now coming from outside of the UK and
Ireland, it’s vital that Skyscanner is as international and
multilingual as possible. The site is already available in 20
different languages and 62 different currencies.”
DEM Solutions achieved a remarkable 852% growth in revenue over
the last five years; an achievement that also saw them placed in
the top 10 fastest growing UK software companies.
“EDEM has become a key tool used by blue-chip companies in
energy, heavy machinery, metals, pharmaceuticals and consumer goods
sectors and by top academic research groups around the globe,” said
Dr John Favier, CEO and Founder.
Reactec secured its place in the Fast 50 after recording a 697%
increase in revenue, making it the only vibration safety firm in
the ranking. It was also placed fourth in Deloitte’s list of the
fastest growing technology firms in Scotland. Jim O’Hagan, Managing
Director of Reactec Ltd, said: “The HAVmeter system is now
recognised as best practice for measuring Hand Arm Vibration
exposure and maintaining safety in the workplace.”
As UK 2011 winners, the four companies will now compete against
Deloitte Technology Fast 50 companies from Europe, the Middle East
and Asia in the international EMEA Fast 500 award programme.
Further information:
www.cupid.com
www.skyscanner.net
www.dem-solutions.com
www.reactec.com
