Internet services provider Gradwell has yet again been ranked as one of the fastest growing companies on Deloitte’s Technology Fast 50 list, with a growth rate of 652% during the past five years.
The company, founded by managing director Peter Gradwell, came second in the South West and Wales regional rankings and 50th in the national list.
In addition, Gradwell was recognised as one of the 500 fastest growing technology companies across Europe, the Middle East and Africa (EMEA).
Peter Gradwell, managing director and founder of Gradwell, said: “We’re ecstatic to have been ranked on the Deloitte Technology Fast 50 list again for a third time (previously in 2005 and 2009), particularly as we’re also second in the South West and Wales region. Being named on the Fast 500 EMEA rankings is another fantastic achievement and testament to the hard work we have carried out since the company was founded 12 years ago.
“The ranking demonstrates that our revenue has grown significantly during the past five years, which is due to a greater emphasis on product innovation and offering more services to our existing and potential customers, such as the recent launch of Gradwell Mobile.”
Laurence Hedditch, technology partner for Deloitte in the South West, added: “In spite of the challenging financial market conditions, the 2010 Deloitte Fast 50 shows that tremendous growth rates are still possible, with mobile technology showing particular strength. Gradwell is a great example of this and we’re very pleased to be able to provide Peter and his team with the recognition they deserve for their successes and achievements over the last 12 months.”