"Our placement in the Deloitte Technology Fast 50 follows a great year for Azzurri and we are delighted to have the endorsement of an internationally respected company such as Deloitte," comments Martin St Quinton, CEO, Azzurri Communications.
"Making the Deloitte Technology Fast 50 is a testament to a company's commitment to technology," said Simon Kerton-Johnson, Chairman of Deloitte's Technology Fast 50 ranking. "With its excellent growth rate over five years, Azzurri Communications has proven that its leadership has the vision and determination to grow in difficult conditions."
Formed in June 2000, Azzurri Communications is one of the largest converged voice, data, and managed service companies in the UK. Since 2000, it has made 16 acquisitions including DVH Group, MiTech Group and Sirocom, in October this year. Azzurri itself was acquired by PPM Capital, the private equity arm of Prudential plc, for a cash consideration of £182.5 million in June this year.
The Fast 50 list is compiled from Deloitte's nominations submitted directly to the Fast 50, and public company database research. To qualify for the Fast 50, entrants must have had 2001 operating revenues of a least 50,000 Euros. Deloitte researchers examined financial statements to validate operating revenues.