Exponential-e today announced its financial strength has been recognised for the second consecutive year in the prestigious, Investec Hot 100 list of privately owned companies. The London based technology firm’s impressive growth figures sees it ranked 12th amongst the tech sector firms.
The entrepreneurial technology enabler is one of the UK’s fastest growing, private companies. Despite significant investments in cloud and data centre infrastructure and expansion of its fibre network footprint, Exponential-e has doubled both EBITDA and revenues over the last two years. With over 100 new customers welcomed in 2013 already, the company continues to grow its customer and partner base in what is a hyper-competitive industry, Exponential-e’s second listing in as many years is a positive insight into the organisation’s continuing leadership and entrepreneurship
“Being listed as one of the fastest-growing private companies in the UK proves that we are well on our way to being the most innovative technology enabler in Europe. Innovation drives our growth, and it isn’t difficult to do when you’ve got an eye on chance and a vision for the future. Ideas are ten a penny, but executing them and changing the market is the difference. I am very proud of what we’ve achieved, but this is only the story so far, our determination and ambition is relentless and our entrepreneurial spirit can be seen throughout the business in abundance. The Hot 100 listing highlights that our continuing growth rate reflects this ambition,” commented Lee Wade, CEO of Exponential-e.
Matthew Rock, co-founder of Real Business, said: “The fact that a third of companies listed were also in the 2012 list demonstrates that it is possible to achieve sustainable growth in the UK. Exponential-e and the presence of other Cloud, IT and technology solutions organisations such as Kelway, demonstrates that tech firms are keeping themselves relevant in an ever-changing marketplace. Most of all, they never lose sight of their customers, their marketplace and their own people.”
The annual announcement of the Hot 100 2013 produced in association with Investec, Jordans, Cass Business School and Your Business Your Future, is the most rigorous and definitive analysis of the UK’s mid-market economy. Companies are ranked according to their compound annual growth rate over four-years, with a requirement to have had sales of more than £10million and EBITDA (earnings before interest, taxes, depreciation and amortisation) of more than £1m in their most recent accounts.