Softalk attributes its 450 percent revenue growth to producing messaging, collaboration and contact relationship management software specifically designed for small and medium sized businesses.
Softalk today announced that it ranked number fourteen in the 2005 Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in London and the South East. Rankings are based on average percentage revenue growth over five years, from 2000-2005. Softalk grew 450 percent during this period.
"Small and medium size businesses don't want the complexities of a huge, enterprise level system that has artificial limitations simply so that it can be sold to a different market," said Softalk's joint CEO, Simon Bates, "Instead we've designed and built systems that specifically meet the needs of small and medium size businesses as well as education, government and voluntary sector organisations."
"Growing the top line enough to make the Deloitte Technology Fast 50 is especially meaningful during tough economic times for the technology sector," said William Touche, national managing partner of Deloitte's Technology, Media & Telecommunications Group. "We congratulate Softalk on becoming one of the 50 fastest growing technology companies in the UK and Ireland."
Fast 50 Selection and Qualifications
The Fast 50 list is compiled from Deloitte's nominations submitted directly to the Fast 50, and public company database research. To qualify for the Fast 50, entrants must have had 2000 operating revenues of at least 50,000 Euros. 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.
"Being one of the fastest growing technology companies in the UK is an impressive accomplishment. We commend Softalk for making the Deloitte Technology Fast 50 with a phenomenal 450 per cent growth rate over five years," said William Touche, national managing partner of Deloitte's Fast 50 Awards.
About Softalk
Softalk provides a range of messaging, collaboration and contact relationship management software solutions specifically designed to benefit small to medium size businesses. Softalk was set up in 1993 and is a privately held company headquartered in Maidenhead in the UK with a US office in New York. Customers include American Express, British Chamber of Commerce, Cancer Research, Cap Gemini France, Cisco, Lufthansa and Xerox. Its products include Softalk Collaboration Suite which includes WorkgroupMail, an email server for small businesses; WorkgroupShare to enable organisations to share Outlook folders without the need for Microsoft Exchange; and Softalk Organizer, a web-based collaboration client enabling users to share calendars, contacts and email. OfficeTalk is a low cost contact and customer relationship management solution enabling the whole team to share corporate information. For more information visit www.softalkltd.com or join in the conversation at our blog at talk.softalkltd.com.
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