|To read the news these days you would think that Internet-based companies are having a hard time, with online gambling companies faring the worst. So the news that gambling software provider Orbis has been named one of the UK’s fastest growing technology companies, with revenues that have grown 999% in three years, deserves at least a mention.|
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 Orbis a “top five” ranking, based on its impressive revenue growth of 999% over the last three years. Orbis software is currently used by 75% of UK-based Internet gambling sites including Ladbrokes and Blue Square. This year Orbis has won a number of big 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 has also 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(R) 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%!'
Malir continued: '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.'