With more than 1,221% growth, CyanConnode was also recognised as the fastest growing technology company in the UK Telecommunications sector. This growth reflects the delivery of customer orders in India as well as the expansion of global reach and portfolio through the acquisition of Connode, in July 2016. The UK Fast 50 is one of the UK's foremost technology awards programmes. Now in its twentieth successful year, it is an acknowledgement of the 50 fastest-growing technology companies in the UK.
John Cronin, CyanConnode Executive Chairman, commented: “In a highly dynamic market, it is a great achievement to be recognised at the top of the pack for technology companies within the UK. Through the effective leverage of the company’s technical competence, along with its ability to forge strategic partnerships with leading industry participants and a customer-centric approach, CyanConnode has successfully deployed smart metering in highly competitive business environments.
“In 2017, the company has announced customer wins in Europe and Asia, and it has turned out to be an excellent year for CyanConnode and its partners. Full rollout of existing contracts alone would create a significant revenue stream and drive profitability, and CyanConnode is at the start of a very large wave of both smart metering and IoT deployments.”
David Cobb, lead partner, Deloitte UK Technology Fast 50 and Technology Fast 500 EMEA Programmes commented: “The Deloitte Technology Fast 50 shines a spotlight on the UK’s fast-growing technology companies and is internationally recognised as being one of the most important business awards in the sector”.
See also: Records break as Deloitte announces the 2017 UK Technology Fast 50 winners
About the Deloitte UK Technology Fast 50
The Deloitte UK Technology Fast 50 is one of the UK’s foremost technology award programmes. Now in its twentieth year, it is a ranking of the country’s 50 fastest-growing technology companies, based on revenue growth over the last four years. The UK Fast 50 awards are all about growth driven by leading intellectual property and are a celebration of innovation and entrepreneurship. The UK Technology Fast 50 is part of an international programme run by Deloitte and qualifying entrants of the UK Fast 50 will be put forward to the Deloitte Technology Fast 500 EMEA (Europe, Middle East and Africa) programme. Previous winners have come from across the UK, are both large and small, and included some of the most dynamic players in all areas of technology, from internet specialists to biotech, digital media technology to life sciences, computers to semiconductors and software to telecommunications.
For more information visit www.fast50.co.uk