|London, UK - Nov 20, 2002: Deloitte & Touche, the UK’s fastest growing professional services firm, has unveiled its fifth annual ranking of London and the South East’s fastest growing technology companies. Orbis (an NDS Group plc company), the world’s leader provider of interactive betting technology, was placed fourth in the region’s rankings.|
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. The programme was created by Deloitte & Touche and tracks the growth rates of technology companies in seven regions in the UK and Ireland, culminating in a national ranking in December 2002.
The judges awarded the ‘top five’ positioning to Orbis based on its impressive revenue growth of 999% over the last three years. Orbis software is currently used by 75% of UK-based online gambling sites including Ladbrokes and Blue Square and this year has seen Orbis extend its reach overseas and win a number of significant players from the US and Australia including MGM Mirage and Tattersall’s. Orbis initially made its name in the interactive sports betting arena but is now increasingly being selected for online gaming and casino sites too. The last 12 months, for example, has seen Orbis chosen as the technology partner for Rank.com and HardRockCasino.com.
Charles Malir, co-founder and Marketing Director at Orbis commented: “Orbis has made some staggering achievements in its short life, and it is thanks to the reputation of our software OpenBet® and the hard work and efforts of everyone in the company that we have been given this award. We were only 1% away from achieving a four-figure growth rate - despite a few well-placed bets at the racecourse we weren’t able to raise the last few pounds needed to get us to 1000%!”
He continues: “2003 will be another exciting year for Orbis. We are looking forward to announcing some new launches that will include I-Race - the world’s first digital TV channel featuring computer-generated horseracing.”
William Touche, Chairman of the Technology Fast 50 Programme, said, “In a year of extraordinary adversity and when achieving growth remained the single biggest challenge the technology sector faces, the Fast 50 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 all the more vital that the companies who continue to demonstrate strong growth are recognised accordingly for their strong management teams as they are the key to innovation and employment growth in the region and the UK as a whole,” William Touche added.