Southampton (PRWEB UK) 19 October 2011
The Deloitte Fast 50 is a ranking of the 50 fastest-growing technology companies in the UK. Within the highly competitive Technology Fast 50, which includes a number of internationally renowned businesses, Digital Marketing Agency Koozai flourished, coming 23rd in the UK and 3rd for the South East region. Rankings are based on percentage revenue growth over five years.
Koozai have gone from strength to strength since being founded in 2006. The company has grown from a local agency to a major nationally recognised brand, as perfectly demonstrated by the huge rise in revenue during the last five years.
Growth of 1,173% has not only propelled Koozai into the consciousness of businesses throughout the country, but has also now secured a place in the Deloitte Technology Fast 50. Even within the last year, Koozai has expanded hugely; and not just in terms of personnel or clients.
The agency has set-up a second office in the heart of London, which works alongside its headquarters in Southampton. This has helped to improve accessibility for clients in the capital and has also opened the door to new opportunities for the business.
David Halstead, Deloitte Technology partner for the South East said: “Being one of the fastest growing technology companies in the UK is an impressive accomplishment. We commend Koozai for making the Deloitte Technology Fast 50 with a phenomenal 1,173% growth rate over five years.”
Ben Norman, the Managing Director of Koozai, was understandably delighted with the company’s inclusion, “This is a huge honour for us and something that the whole company can be immensely proud of. When I founded the company in 2006, it was impossible to imagine that we could ever achieve the growth we’ve experienced, let alone feature in the UK Deloitte Technology Fast 50.”
“We don’t take this for granted though,” Mr. Norman continued. “Koozai is an energetic young company with huge aspirations for the future. Being featured in the Deloitte Fast 50 this year is absolutely fantastic, but I hope this can spur us on to even bigger and better things.”
The UK Deloitte Technology Fast 50 website includes a comprehensive list of all the UK winners as well as regional awards.
Notes to editors
Commentary, analysis and case studies (including regional) will be available at http://www.fast50.co.uk.
In this press release references to Deloitte are references to Deloitte LLP, which is among the country’s leading professional services firms. Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see http://www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.
The information contained in this press release is correct at the time of going to press.
For more information, please visit http://www.deloitte.co.uk.
Member of Deloitte Touche Tohmatsu Limited
UK Technology Fast 50 entry criteria
1. The company must have been in business for a minimum of five years;
2. The company must be considered a technology company, which is defined as:
o producing technology
o manufacturing technology-related products
o be technology intensive, or use unique technology to solve problems
o devoting a high percentage of effort to technology R&D;
3. The parent company must be UK-owned and have its headquarters in the UK (subsidiaries of UK or multinational organisations do not qualify);
4. Operating revenues must be at least £34,000 (50,000 Euros) for the financial year of the five year period and £540,000 (800,000 Euros) for most recent financial year;
5. 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 2006 operating revenues of at least £34,000. 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,” which is 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.
Founded in 2006 by Ben Norman, leading UK Digital Marketing Agency Koozai offer a full range of professional online marketing services for a diverse and expanding customer base. Specialising in Search Engine Marketing, the Hampshire-based firm are able to provide complete solutions for clients from all industries and companies of any size.