Avecto recognized as one of UK’s fastest growing tech companies for third time
Endpoint security company, Avecto, today announced that it has been recognized for the third consecutive year as one of Britain's fastest growing technology companies in The Sunday Times Tech Track 100.
The 15th annual Sunday Times Hiscox Tech Track 100 league table ranks Britain's private technology, media and telecoms companies with the fastest growing sales over three years.
Recognised as a 'One to Watch' in 2012 and placed in the top 100 in 2013, 2014 and now 2015, Avecto has experienced a period of substantial revenue and headcount growth. Following the hugely successful launch of its unique Defendpoint security suite, Avecto reported record results for its latest financial year. Revenue for the year reached £14.7 million, which resulted in a 70% increase in revenues over the previous financial year. Operating profits also hit record levels, with an increase of over 300% in the same period.
Mark Austin, CEO at Avecto said: "It's been another incredible year for Avecto. Being featured on the Tech Track 100 for the third time in a row is a fantastic achievement and is down to the dedication and hard work of everyone in the company. We have ambitious growth plans, underpinned by an exciting vision, which will ensure that Avecto continues to be recognised as one of the major innovators in enterprise security and in the prevention of advanced cyber-attacks."
Steve Langan, CEO of Hiscox Insurance Company, the title sponsor of the league table, commented: "Tech is one of this country's most exciting sectors right now. It's a phenomenal success story with impressive growth and innovation that has shown the UK deserves its position as a tech hub. There is much that other sectors could and should learn from UK tech, particularly when it comes to staying relevant and being agile.
Every single one of this year's Tech Track 100 businesses has made an important contribution to its sector and the wider economy, and that's something to be immensely proud of."