Deloitte & Touche created the Technology Fast 50 to support UK technology companies and champion innovation in the sector. The programme tracks the growth rates of technology companies in seven regions in the UK and Ireland, culminating in a national and European ranking in December 2002.
Arrk was founded to take advantage of the globalisation in the IT services market by offering smaller companies the cost advantages of offshore software development whilst avoiding the management overhead and risks of running an offshore team. From offices in Mumbai, India and a Manchester, UK Arrk provides IT services to a variety of public and private sector organisations.
Julian Howison, Managing Director and founder of Arrk said, “We are delighted to have been recognised in this way. Arrk exists to help companies to deliver excellent value from their IT investments and it is gratifying to see some of our customers in the Fast 50 awards as well.”
“Our business has always had an international remit. Although this award recognises companies based in the North of England, there will be some very happy people in Mumbai tomorrow morning.”
Fiona Wrightson, lead technology partner for the Northern Fast 50, said: “In a year of extraordinary adversity and when achieving growth remained the single biggest challenge the technology sector faces, these companies have demonstrated how to achieve excellence in niche markets.”
“While 2002 was a period of retrenchment and soul searching for technology companies, during which many elected to rethink their core business strategies, these finalists have continued to reinvent themselves in difficult circumstances.”
“It is therefore vital that the companies who continue to demonstrate strong growth are recognised for their strong management teams, as they are the key to innovation and employment growth in the region and the UK as a whole,” Fiona Wrightson added.
This year’s event is also co-sponsored by techMARK, the London Stock Exchange market for innovative technology companies, and supported by Intellect, the association for the UK’s IT, telecommunications and electronics industries. In the North, the programme is cosponsored by lawyers Pinsent Curtis Biddle and The Royal Bank of Scotland.
The Technology Fast 50 programme seeks out those companies that have shown impressive growth rates in the telecommunications, hardware, software and biotechnology markets over the last three financial years. All companies considered for an award must be headquartered in the North of England, must be technology-intensive, use unique technology in problem solving, or must devote a high percentage of effort to research and development.