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The Sunday Times Hiscox Tech Track 100 league table
With a small staff of about 30, sales consisting of processing fees were £14.2m this year (average annual growth over 89%). The company is backed by Magenta Partners, which invested £10m in 2017.
The development of electronic ticketing devices used by passengers on buses, trams and trains across the UK helped Hungerford-based Ticketer to make the table in 90th place.
Founded in 2009 its ticketing machines are now used by more than 500 transport operators. Last year, employing 55 people, sales hit £14.7m (average annual growth almost 54%), and the company now plans to target overseas public transport markets, particularly in Europe and North and South America.
Chalgrove-based E3D Online made the top 100 for the second year running, this year squeezing in at 97th. Airbus and Nasa are among the high-profile customers of this business, which provides components such as print heads and nozzles for 3D printers. Dave Lamb, Sanjay Mortimer and Josh Rowley founded the business in 2013 and now employs 40 staff. Sales, through its multicurrency website, hit £6.9m in 2019 (annual average growth 50%).
Solent
Another university spin-out company based in the Solent area also made the Tech Track 100 table – for the second time in three years.
Symetrica, which began life at Southampton University
in 2002, designs and manufactures equipment used by customs and border protection agencies to identify radioactive material that could be used in bombs. Its technology can be found in hand-held detectors used by agencies such as the US Department of Homeland Security, and in drive-through scanners at ports in Europe.
The company now employs some 60 people and has raised £10m from investors, including Parkwalk and the innovation charity Nesta.
Led by chief executive Heddwyn Davies, Symetrica increased sales to £11m last year for an annual average growth of 74%, putting it in 60th place in the UK growth table. It plans to bolster its US presence by expanding its manufacturing facility in Massachusetts.
A second company from the region to make the table this year was Sideshow (73rd) based at Bournemouth. The digital marketing agency uses technology to improve the experience of buying glasses and has developed technology for Specsavers that allows customers to try on virtual pairs, comparing how they look with one swipe. It also helps other customers, for example working with easyJet to deliver live flight information and providing real-time coverage of Birmingham Pride for HSBC. Founded in 2008 by chairman Tony Hill, it has since acquired four other companies – Strawberrysoup, Thinking Juice, Bennyfoot and Vertical Leap – and now employs some 180 staff. Sales this year were £21.7m, giving an average annual growth of almost 66%.
The Tech Track 100 table is compiled annually by Oxford-based Fast Track and published in The Sunday Times.
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THE BUSINESS MAGAZINE – NOVEMBER/DECEMBER 2019
businessmag.co.uk
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