...in the 2012 Deloitte Technology Fast 50Ascot, UK 13 November 2012 - ZBD, the leading provider of fully graphic epaper display systems for retailers and industrial and commercial users globally, today announced that it reached Number One in the 2012 Deloitte Technology Fast 50, a ranking of the 50 fastest-growing technology companies in the UK. Rankings are based on percentage revenue growth over five years. ZBD’s grew 17910% per cent during this period.
ZBD’s CEO, Shaun Gray credits the company’s revenue growth to continued international expansion and its investment in R&D over the past five years. He said: "We are extremely proud to be ranked at Number One in these prestigious awards. It’s testament to the hard work of everyone at the company as well as our determination to adhere to our strategic plan. We also thank our customers, partners and supply chain partners across the world as well as our long-standing investors for their support and contribution to our ongoing success."
David Halstead, Partner leading the Deloitte Technology Fast 50, said: “The Deloitte 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 awards are an opportunity for businesses to gain recognition for their successes and achievements. This year’s ranking highlights the importance of being innovative and finding a niche product or service, to beat the recession.”
Notes to editors
* Growth rates are all over the last five years.
The full list of this year’s winners and winner breakdown by region and sector is available at
www.fast50.co.ukAbout Deloitte:
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UK Deloitte Technology Fast 50
The UK Deloitte Technology Fast 50 ranks the 50 fastest-growing technology companies in the UK, based on percentage growth in stated revenue over five years. The programme is sponsored by Taylor Wessing, a leading International law firm with a focus on the industries of tomorrow, and Fidelity Growth Partners Europe, a venture and growth capital investor which backs technology entrepreneurs with aspirations for greatness across Europe. Frequently asked questions and details of the winning companies, including breakdowns by industry sector and region, will be available on
www.fast50.co.ukUK Technology Fast 50 eligibility criteria
The company must have been in business for a minimum of five years;
The company must be considered a technology company, which is defined as:
- developing or owning proprietary technology that contributes to a significant portion of the company's operating revenues;
- producing technology
- manufacturing technology-related products
- be technology intensive, or use unique technology to solve problems
- devoting a high percentage of effort to technology R&D;
NB: using another company's technology or intellectual property in a unique way does not qualify
The parent company must be UK-owned and have its headquarters in the UK (subsidiaries of UK or multinational organisations do not qualify);
Operating revenues must be at least £36,000 (50,000 Euros) for the first financial year of the five year period and £680,000 (800,000 Euros) for the most recent financial year;
NB: the accounts for year five should have an accounting period ending between 1 June 2011 and 31 May 2012.
All submissions must be accompanied by signed accounts for the first and last financial year being measured in the competition. Unless a statutory exemption is being taken, these accounts should be unabbreviated and audited
Technology Fast 50 selection and qualifications
The Technology Fast 50 list is compiled from Deloitte’s nominations submitted directly to the Technology Fast 50, and public company database research. To qualify for the Technology Fast 50, entrants must have had 2007/08 operating revenues of at least £36,000. 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.