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Masternaut Three X Ranked as one of the Fastest Growing Companies in the Deloitte Technology Fast 500

Deloitte Technology Fast 500
26 November, 2009

Leeds, UK, 25th November 2009 - Masternaut Three X today announced that it ranked 259th on the Deloitte Technology Fast 500 EMEA 2009, a ranking of the 500 fastest growing technology companies in EMEA.  Rankings are based on percentage revenue growth over five years. Masternaut Three X grew 653.97% percent during this period.

Masternaut Three X's Managing Director, Martin Port, credits real customer focus and superior technological developments with the company's 653.97% revenue growth over the past five years. He said, "This is a tremendous achievement for a company that was started just eight years ago. We've gone from a three person startup to the market leader we are today. It really is a reflection of the dedication and hard work of our people."

"Making the Deloitte Technology Fast 500 is commendable in today's highly competitive technology industry," said David Halstead, partner in charge of Deloitte's Technology Fast 500 EMEA program. "We congratulate Masternaut Three X on being one of the 500 fastest growing technology companies in the region."

"For the growth of the Fast 500 in 2009 to exceed that of 2008 despite the economic turbulence of the past year is nothing short of phenomenal. It shows both that companies are coming up with technological solutions that are meeting their customer's needs, but also that they have the drive and determination to succeed despite the economic issues." said David Halstead, partner in charge of Deloitte's Technology Fast 500 EMEA program.

"Attracting enough customers to attain such fast growth over five years makes a strong statement about the quality of a company's product and its leadership," added David Halstead. Masternaut Three X has shown the right stuff for growth."

In addition to ranking on Deloitte's Technology Fast 500, Masternaut Three X has had a place in the prestigious Sunday Times Tech Track 100 in 2007, 2008 and 2009.


Technology Fast 500 EMEA selection and qualifications
The Technology Fast 500 list is compiled from Deloitte's EMEA Technology Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research.  To qualify for the Fast 500, entrants must have had 2004 operating revenues of at least ?50,000 and 2008 operating revenues of at least ?800,000.
Entrants must also be public or private companies headquartered in EMEA 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.


About Deloitte
"Deloitte" is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management and tax services to selected clients.  These firms are members of Deloitte Touche Tohmatsu, a Swiss Verein ("DTT").  Each member firm provides services in a particular geographic area and is subject to the laws and professional regulations of the particular country or countries in which it operates.  DTT helps coordinate the activities of the member firms but does not itself provide services to clients.  DTT and the member firms are separate and distinct legal entities, which cannot obligate the other entities.  DTT and each DTT member firm are only liable for their own acts or omissions, and not those of each other.  Each DTT Member Firm is structured differently in accordance with national laws, regulations, customary practice and other factors, and may secure the provision of professional services in their territories through subsidiaries, affiliates and/or other entities.

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, and its network of member firms, each of which is a legally separate and independent entity.  Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu and its Member Firms.

Contacts:

Masternaut Three X, Priory Park, Great North Road, Aberford, Leeds, LS25 3DF
Telephone: 0113 281 4000
Fax: 0113 281 4009
e-mail: info@masternaut.co.uk

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